1803 SPANISH SILVER 8 REALES COIN CHARLES IV MEXICO
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Sold Date: 07/14/2009
Channel: Online Auction
Category: Coins & Currency
ORIGINAL 1803 SPANISH 8 REALES COIN – CARLOUS IVWITH CHINESE CHOPMARKS “AMERICA’S FIRST SILVER DOLLAR” ISSUED BY THE WASHINGTON MINT IN NICE BLUE VELVET DISPLAY BOX WITH C.O.A. PLUS FREE REPLICA 8 REALES COIN WILL BE GLAD TO COMBINE SHIPPING! Up for auction is a very nice example of a historic 8 Reales Coin that was minted in Mexico in 1803 of .903 silver, for your consideration. Even though I have collected coins from time to time over the last 40 years or so, I am not a true coin collector and have no idea of how to grade coins and especially 8 reales coins, so I will have to leave that up to you. WASHINGTON MINT ISSUES: I am not sure when these original 8 Reales coins were sold by the Washington Mint, but I was told it was at least10 years ago. Basically, they took average+, but original 8 Reales coins, then cleaned and polished them to make up these sets. This particular 1803 coin was well struck and shows all the crown details on the reverse, when many do not. Other than the chopmarks and minor rim dings, t is no major damage to this nice coin. I attempted to photograph the coin outside under natural light with no flash, to show detail without glare or shadow and to keep the silver from appearing to be gold. However, this did not work out all that well because of how shiney the coin is. I actually took about 30 pics and the two I have shown is the best that I can do. I would like to point out that the front of the coin is starting to darken and develop a hue, while the reverse is as shiney as the day they polished it. The reason for this is that the reverse has most likely not seen the light of day since placed in it’s display box. If this makes any difference to you, either polish the front with a silver polish cloth or turn it over and expose the reverse to the sun for awhile. My choice would be to go with the sun!! CHOP MARKS: Silver coins with Chinese Chop Marks is a growing area of interest that even has it’s own club – “Chopmark Collectors Club”. Chop marks are identification marks punched into a coin by a Chinese merchant. These marks were used to indicate that the metal of the coin has been tested and is of a known quality. Chinese businessmen, ever watchful for fakes, stamped their sign or chop on any coins that passed their careful examination. The merchants would test the coins for weight and purity before stamping their individual chop mark as their seal of approval. Chop marks range from a simple small hole drilled into the surface to very elaborate Chinese symbols. BONUS: As a bonus, you will receive a free replica of a 1793 Eight Reales coin to give to your kids or grandkids as an educational tool and possible show and tell for school. These replicas were issued in 1997 by The American Historic Society and are clearly stamped “Replica” on the back of the lightweight coin itself. The fold over display states the following: “America’s First Silver Dollar – Circulated in the colonies more than two centuries ago – Throughout the Colonial period and beyond, the Silver Eight Reales was the principal coin and standard money unit of the American colonist. It was minted from 1772 to 1821 of .903 Pure Silver Bullion, and is slightly larger than the familiar U.S. Silver Dollars struck later. The Eight Reales remained legal tender until 1857. This meticulous reproduction is an exact replica of this famous coin.” NOTE: Did you ever wonder w the cheer “Two Bits, Four Bits, Six Bits, A Dollar” comes from? During the Colonial period these large 8 Reales coins were often cut into 8 separate pie shaped pieces for commerce, with each piece being worth 12.5 cents, thus 2 bits represents a quarter, 4 bits 50 cents etc. Not sure how they managed to cut these into 8 separate parts, but I have seen a few of these bits in the past that were for sale. HISTORY: The obverse shows the profile bust of Charles IV with the Latin legend: CARLOUS . I...
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