1783 MO FF SILVER 8 REALES El Cazador Shipwreck Treasure Coin NGC Genuine #4113

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Country: Mexico Denomination: 8 Reales Dated: 1783Mo FF Mintage: not listed Composition: .9030 silver, .7868 asw Description This coin was graded by NGC as "Genuine". The plastic case may have some slight handling scratches.Please decide on the grade and collectability of this coin before you bid. The wreck site yielded mostly huge 8 reales silver coins known as "bust " dollars, Spanish milled dollars or "pieces of eight". They were famous as legal tender dollars in the fledgling USA until 1857, were the pattern for later US dollar issues, and often cut into 8 pie-shaped sections, known as "bits" for small change (2 bits=25 cents). Also found were a few earlier Spanish milled "Pillar" types and lower denomination bust types: ½, 1, 2, 4 reales. All the bust types differ in size and weight yet share design details. The original coins showed Spain’s King "CAROLUS III", "DEI GRATIA" (By the Grace of God) and mint year. The reverse read clockwise: "HISPAN.ET.IND.REX" (King of Spain and the Indies), followed by a mint mark, denomination ("8R"=8 reales) and assayer’s initials. The crowned shield of Castile & Leon is flanked by the Pillars of Hercules and motto, "PLUS VLTRA" (More Beyond) on surrounding ribbons. Most surviving coins lost much detail from two centuries in seawater. Member American Numismatic Association. PMG Authorized read more

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