Gold & Silver Forum - Spanish Silver Coin 1776

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Spanish Silver Coin 1776

Hi Guys! I just came across a 1776 Spanish Silver Coin and I just want to check how much they are currently worth. Thanks!

Re: Spanish Silver Coin 1776

I think it's worth whatever you can get someone to pay you for it.... :D

Re: Spanish Silver Coin 1776

It's an 8 Reale (re-al). I have a few and think they are cool. Probably my oldest coin. However they made a lot of these and they don't carry much of a premium, unless they are AU or MS condition. Mine are only in Good to Fair condition and I paid spot.
Enjoi
~Prag

Re: Spanish Silver Coin 1776

Dang.....I must have overpaid for mine ! I bought an 8 reale from the Atocha, dated 1620, and it was several hundred bucks !

But it has a cool history....

http://www.atocha.com/atocha_history.php

Re: Spanish Silver Coin 1776

The book on that one is $75 in VF and $150 EF

Re: Spanish Silver Coin 1776

Quote:

Originally Posted by Tn...Andy (Post 903917)

Dang.....I must have overpaid for mine ! I bought an 8 reale from the Atocha, dated 1620, and it was several hundred bucks !

But it has a cool history....

http://www.atocha.com/atocha_history.php

Any coin that has a famous shipwreck history has a collector value greater than regular numismatic coins.
Just look at the Central America or Republic wreck gold coins. They are selling for 5 figures!

The 8 Real is a cool coin. Chiefly because its weight was the basis for our American dollar. It was the most common circulating currency in the states at the time of the revolution.

Re: Spanish Silver Coin 1776

Yeah, I know Jack.....the history behind it is why I bought it. I thought it was kinda cool to have one. Many of those 'cob' coins even have the individual's mint mark on them that actually stamped out the coin.

Re: Spanish Silver Coin 1776

I can't believe nobody has mentionned the protuberant nose :D

Re: Spanish Silver Coin 1776

Quote:

Originally Posted by Tn...Andy (Post 903990)

Cool. I think I may be in the market for a few of these for my own collection. Not the shipwreck ones, I can't part with that kind of moolah, but something avg. to vg.

Re: Spanish Silver Coin 1776

this one here is a milled dollar not a cob, or, a milled bust type I guess. here is a good guide http://www.newworldtreasures.com/cointypes.htm

intersting picture it almost looks like a replica. pretty good condition like "too good."

I have been looking around for decent 8 reale silvers for a month now. you see them on ebay but a lot of sellers look sketchy to me. right now coast to coast has some with chops for 170 and without for 300 plus. if you want a really nice condition 8 reale coin its not going to be that easy to find and you will have to pay more. if I thought that coin was genuine and not cleaned I'd certainly be willing to pay more than a hundred for it but it looks fishy to me.

Re: Spanish Silver Coin 1776

Thanks EP. I plan to have it soaked in acid to see if it's genuine but I'm afraid the acid might degrade its value. :s9:

Re: Spanish Silver Coin 1776

looks like a chinese forgery to me.

Re: Spanish Silver Coin 1776

Quote:

Originally Posted by goldberg (Post 904907)

Thanks EP. I plan to have it soaked in acid to see if it's genuine but I'm afraid the acid might degrade its value. :s9:

you could take it into a local dealer and ask their opinion. i dont try to judge a coin from intenet pictures too closely but I think you will hear what another user just said, that its a forgery. if there is any doubt you could send it to NCS which will grade cleaned coins and certify them as authentic. its a sister service to NGC and if its authentic and uncleaned they can pass it over to them. or so I hear.

Re: Spanish Silver Coin 1776

I have a few in decent condition, that I paid I think 100.00+ for. I like them, real pirates treasure!

I find some good ones at the coins shows.

There was a guy that told me there are a lot of counterfeits out there though so be careful.

Re: Spanish Silver Coin 1776

Unfortunately your coin is a modern fake, probably made of pot metal. The style is wrong, a very obvious copy.

Here is a real one for comparison to yours. Notice the "cartoonish" bust on the fake compared to the more stylized bust of the genuine piece. The lettering and devices are also alot sharper on the real coin.

Re: Spanish Silver Coin 1776

While metal detecting along the Hudson river, up by Newburg, I dug a 1 real coin. Kind of like my own mini-atocha?:wink:

Re: Spanish Silver Coin 1776

Thanks Aunug! That's a different 1776 coin you got there. I compared mine with the one posted at wikipidea (shown below) and they looked similar. Is it possible there are several versions depending on which mint made them?

Re: Spanish Silver Coin 1776

Quote:

Originally Posted by CyberGold (Post 905984)

While metal detecting along the Hudson river, up by Newburg, I dug a 1 real coin. Kind of like my own mini-atocha?:wink:

I bought a Good 1 reale Span Am Mexico mintmarked 1804 for about four bucks once but yes, that is cool.

Quote:

Spanish Colonial Mints
Listed by order in which they opened.

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD vAlign=top align=left width=150>Mexico (1536-1821)
</TD><TD vAlign=top align=left>Mintmark-M or M with small o above. The mint produced the following coin types: Pillar type cob - (1536-1572), shield type cob - (1572-1733), milled pillar - (1732-1771), and milled bust - (1771-1821).
Also produced an irregular shaped machine struck shield type coin (1733-1734)
Mexico never produced the pillars and waves coin design.
The first dated coin was struck in 1607.
</TD></TR><TR><TD vAlign=top align=left width=150>Santo
Domingo (1542-1564)
(1573-1578)
</TD><TD vAlign=top align=left>Mintmark-SP or monogram s overlapping the left side of a large D with a small o above. The mint produced the following coins types: Pillar type cob - (1542-1564) rare, shield type cob - (1573-1578) very rare.
Since the mint closed in 1578, none of the later coin types or dated coins were ever produced.
</TD></TR><TR><TD vAlign=top align=left width=150>Lima (1568-1572)
(1577-1588)
(1659-1660)
(1684-1824)
</TD><TD vAlign=top align=left>Mintmark-P, or P with star above, or L, or LM, or LIMA, or a slightly overlapped ME. Lima has the distinction of being the only mint to strike all five of the coin types. Pillar type cob - (1568-1571), shield type cob - (1572 and 1577-1588), pillars and waves type cob - (1659-1660 and 1684-1752), milled pillar - (1752-1772), and milled bust - (1772-1824).
The first dated coin was struck in 1659.
</TD></TR><TR><TD vAlign=top align=left width=150>La Plata (1573-1574)
</TD><TD vAlign=top align=left>Mintmark-P. The mint was in operation for a few short months and produced only shield type cobs, which are indistinguishable from those of early Potosi
No dated coins were produced.
</TD></TR><TR><TD vAlign=top align=left width=150>Potosi (1574-1825)
</TD><TD vAlign=top align=left>Mintmark-P or later a monogram PTSI which looks similar to a dollar sign ($). The mint opened after the pillar type cob period, thus it is the only coin type not to see production. Shield type cob - (1574-1652), pillars and waves type cob - (1652-1773), milled pillar - (1767-1770), and milled bust - (1773-1825).
The first dated coin was struck in 1617.
</TD></TR><TR><TD vAlign=top align=left width=150>Panama (1580-1582)
</TD><TD vAlign=top align=left>Mintmark-AP arranged vertically. The mint was in operation for only a couple of years and produced a limited number of undated shield type cobs - all very rare.

</TD></TR><TR><TD vAlign=top align=left width=150>Cartagena (1622-1655)
</TD><TD vAlign=top align=left>Mintmark-S, or RN arranged vertically, or NR arranged vertically, or C. The mint produced the following coin types: Shield type cob - (1622-1635) rare and pillars and waves cob - (1653-1655) also rare.
The first dated coin was struck at the mint opening in 1622. The Cartegena mint is known more for its gold escudos coin production.

</TD></TR><TR><TD vAlign=top align=left width=150>Bogotá (1622-1820)
</TD><TD vAlign=top align=left>Mintmark-S, or NR both vertically or horizontally, or NR with a small o above each arranged both vertically or horizontally, or NR alone or with a single small o above, or N, or SF or FS both vertically or horizontally, or F. The mint produced the following coins types: Shield type cob - (1622-1651) rare, pillars and waves cob - (1651-1748) rare, milled pillar - (1759-1762) very rare, and milled bust - (1772-1820) also rare.
The first dated coin was struck at the mint opening in 1622. The Bogotá mint is known more for its gold escudos coin production.

</TD></TR><TR><TD vAlign=top align=left width=150>Cuzco (1698)
(1824)
</TD><TD vAlign=top align=left>Mintmark-C or CUZ. The mint produced only one type of silver coinage, that being the dated milled bust type in 1824 which incorporated the mintmark CUZ. Only gold 1 and 2 escudos were minted in 1698 using the pillars and waves design and the mintmark C.

</TD></TR><TR><TD vAlign=top align=left width=150>Guatemala (1733-1821)
</TD><TD vAlign=top align=left>Mintmark-G or NG. The mint opened in 1733 when the first machine struck coins were being introduced to the colonies. The mint produced a hand cut pillar type coin (1733-1753) very similar to the later milled pillar coin but irregular in shape like a conventional cob. Minted next was the milled pillar - (1754-1771) followed by the milled bust - (1773-1817).
</TD></TR><TR><TD vAlign=top align=left width=150>Santiago (1749-1817)
</TD><TD vAlign=top align=left>Mintmark-S with a small o above. The mint produced two types of coins, a very rare milled pillar - (1751-1770) and a more common milled bust - (1771-1821). The Santiago mint is known more for its gold escudos coin production.

</TD></TR><TR><TD vAlign=top align=left width=150>Popayan (1758-1822)
</TD><TD vAlign=top align=left>Mintmark-P. The mint produced only one type of silver coinage, the rare milled bust - (1810-1822). The Popayan mint is known more for its gold escudos coin production.
</TD></TR></TBODY></TABLE>

Re: Spanish Silver Coin 1776

Quote:

Originally Posted by goldberg (Post 906403)

There are A LOT of reproductions of these Spanish reale coins floating around out there. It's hard to really tell from that attached Wilkpedia photo, but I strongly suspect it is also a fake from the stylization. There are definately "die varieties" of the genuine pieces, but the one you show is very obviously a copy. After collecting spanish colonial coins for some 40 years you can spot the usual copies from across the room. For your own peace of mind, just take it by a local coin dealer or to an area coin show for some hands-on opinions. It's not always easy to scrutinize a coin just from a photo.

Re: Spanish Silver Coin 1776

Aunug, Thanks Bud! I think I will take your advice to have it checked out. Anyway, this piece didn't really cost me a fortune. I'll just use it as an avatar to remind me that not all that glitters is gold or silver. Thanks.