1740, Mexico, Colonial 2 Reales Quarter Pillar Dollar.

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1740, Mexico, Colonial 2 Reales Quarter Pillar Dollar. Legal tender in the USA until 1857, issued by Philip V. Mint Year: 1740Denomination: 2 RealesReference: 1740-MoMF, KM-84. Condition: VF++ ( clipped planchet error ) Mint Mark: Mo (Mexico) Diameter: 28mm Material: Silver Weight: 6.7gm Obverse: Shield of Arms of Castile and León, with Granada in base and an inescutcheon of Anjou. Assayer's initial to the left of the shield and the denomination to the right. Latin Legend: PHILIP . V . D . G . HISPAN . ET IND . REX * Expanded: PHILIP V DEI GRATIA ET INDIARUM REX Translation: "Philip V by the Grace of God, King of the Spains and the Indies" Fields: . MF * (mint master´s initials) / * 2 * (value - 2 reales) Reverse: Two orbs with a crown above (representing the Old and the New Worlds). The orbs are over the Straits of Gibraltar, flanked by two crowned pillars, representing the Pillars of Hercules, with PLUS VLTRA (More Beyond) on banners wrapped around the columns, date below. Latin Legend: VTRAQUE VNUM / * Mo * 1740 * Mo * Translation: "On both sides - Unity" / * Mint Name (Mexico) in Monogram * year * Mo (Mexico) * Pillar coins were a great improvement over cobs in that they were of a uniform size and weight without cracks or uneven edges. They had a deep full strike with all information clearly visible and were difficult to clip or counterfeit. Denominations for this new coinage included the one half, one, two, four and eight reales coins. Authenticity unconditionally guaranteed! Bid with confidence! The Spanish dollar (also known as the piece of eight , the real de a ocho , or the eight real coin ) is a silver coin, worth eight reales, that was minted in the Spanish Empire after a Spanish currency reform of 1497. It was legal tender in the United States until an Act of the United States Congress discontinued the practice in 1857 . Through widespread use in Europe, the Americas and the Far East, it became the first world currency by the late 18th century. Many existing currencies, such as the Canadian dollar, United States dollar and the Chinese yuan, as well as currencies in Latin America and the Philippines peso were initially based on the Spanish dollar and other 8 reales coins. No reserve. Only 1$ shipping for each additional item purcheased! Philip V of Spain (December 19, 1683 - July 9, 1746), born Philippe de France , fils de France and duc d'Anjou, was king of Spain from 1700 to 1724 and 1724 to 1746, the first of the Bourbon dynasty in Spain.Philip was the second son of Louis, le Grand Dauphin and Maria Anna of Bavaria, known as Dauphine Victoire . He was a younger brother of Louis, duc de Bourgogne and an uncle of Louis XV of France.His paternal grandparents were Louis XIV of France and Maria Tsa of Spain. His maternal grandparents were Ferdinand Maria, Elector of Bavaria and Adelaide Henriette of Savoy, the daughter of Victor Amadeus I, Duke of Savoy.Philip was born at the Palace of Versailles in France. His older brother, Louis de France, duc de Bourgogne, was in line to the throne right after his father, Le Grand Dauphin , thus leaving him and his younger brother, Charles de France, duc de Berry little expectation to ever rule over France.In the year 1700, the King of Spain, Charles II, died. Charles' will named the 17-year old Philip, the grandson of Charles' sister Maria Tsa of Spain, as his successor. Upon any possible refusal the Crown of Spain would be offered next to Philip's younger brother Charles, duc de Berry, or, next, to Archduke Charles of Austria.Both claimants had a legal right due to the fact that Philip's grandfather, King Louis XIV of France and Charles's father, Holy Roman Emperor Leopold, were both the husbands of Charles' older half sisters and sons of Charles' aunts.Philip had the better claim because his grandmother and great-grandmother were older than Leopold's. However, the Austrian branch claimed that Phi... read more

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