Lot 1098
Mexico. 8 Reales, 1779 Mo-F.F. Eliz-89; WR-11; KM-106.2. 26.99 grams. Charles III, 1759-1788. Laureate, draped, and cuirassed bust of Charles III right. Reverse: Crowned Bourbon arms, flanked by bannered pillars. Superbly struck, with glittering devices on reflective fields. Some faint harlines, othwerwise pristine surfaces. A superb coin. NGC graded MS-62 Prooflike.
During the 17th and 18th centuries the wealth that issued from Spain's New World mines was vast - almost beyond comprehension. In fact from 1500 through 1800, Bolivia, Peru and Mexico accounted for over 85 percent of the world's production and trade of silver. This huge resource helped to make Spanish coins the most commonly accepted currency in the world. The Spanish Real, or "royal," lives on today as the Rial in Oman and Yemen, and alternatively as the Riyal in Saudi Arabia. The Spanish Reales are also the basis on which most of the currencies of the English-speaking New World were originally based. In those countries, however, the already familiar word, Dollar, was preferred.
Estimated Value $1,500 - 2,000.
Ex Sansores Collection.
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| Realized $7,763 |
