Lot 1089
Mexico. 8 Reales, 1733 Mo-MF. Eliz-7; WR-7; KM-103. Philip V, 1700-1746. Pillar Coinage. Original surfaces with a trace of luster and lovely dark gray toning. Variety with large crown. Very Rare this choice. NGC graded MS-62.
When Spain "discovered" and subjugated the New World, it literally struck it rich! Vast quantities of gold and silver flowed back to her to be somewhat assimilated, creating for a while economic adjustments and disruptions that would eventually reverberate throughout most of Europe. Nevertheless, out of this arose the premiere "universal" coin of exchange, the silver 8 reales (or dollar, in the non-Spanish speaking world). In its four-century history, the coin maintained an unmatched record of fiduciary integrity, traveled to virtually every corner of the world, was the progenitor of numerous national currencies, and spawned a host of imitators. This is the second year of issue.
Estimated Value $5,000 - 6,000.
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| Realized $14,950 |
