Certified by NGC as XF Details – Chopmarked, Cleaned, this impressive silver crown demonstrates its extensive circulation history through authenticated merchant chopmarks, evidence of its use in international trade networks throughout Asia and beyond. The Spanish 8 Reales became one of the most influential trade coins in history and laid the foundation for later world currencies.
Coin Highlights:
- Issuer: Spanish Colonial Mexico
- Date: 1736
- Denomination: 8 Reales
- Grade: NGC XF Details – Chopmarked, Cleaned
- Metal: Silver
- Mint: Mexico City (Mo)
- Assayer: MF
- Type: Pillar Dollar / Spanish Colonial Crown
- Obverse: Crowned Spanish arms with denomination “8” and surrounding royal legends.
- Reverse: Crowned Pillars of Hercules rising above waves with the iconic “PLVS VLTRA” design.
- Special Note: NGC authenticated chopmarks from historical circulation and notes cleaned surfaces.
Historical Significance:
The Spanish Colonial 8 Reales became the first truly global trade coin. Vast quantities of silver from New World mines flowed through Mexico City and circulated throughout Europe, the Americas, and Asia. Merchant chopmarks were frequently added in Asian markets as a means of verifying silver content and authenticity, creating a unique historical record of the coin’s journey through international commerce.
Philip V:
- King of Spain from 1700–1724 and 1724–1746
- First Bourbon ruler of Spain
- Oversaw reforms to Spanish administration and coinage
- Ruled during an era of expanding international trade
Collectibility:
Mexico City Pillar Dollars remain among the most popular Spanish Colonial issues due to their beautiful design and historical importance. Chopmarked examples carry an additional layer of history, reflecting their use in the Far East trade economy. Collectors often appreciate these pieces as tangible artifacts of global commerce and maritime trade routes.
Step back in time in the world of Spanish Colonial Reales coins from Mexico at CVC & Collectables. These historic and collectible coins bear witness to centuries of history and trade. Explore the intriguing collection of Spanish Colonial Reales (1500-1808) coins of Mexico: Spanish Colonial Reales
