1756 Mexico MM 8 Reales PCGS VF35 Calico-491

$1,000.00

The 1756 Mexico MM 8 Reales (Calicó-491), graded PCGS VF35, is a notable piece of Spanish colonial coinage from Mexico. This coin reflects the monetary and artistic practices of the mid-18th century under Spanish rule and is a significant addition to any collection of colonial coins. Below is an in-depth overview of its features, historical context, and collector appeal:

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Key Details

  • Date: 1756
  • Country: Mexico (Spanish Colonial Period)
  • Denomination: 8 Reales (commonly known as “pieces of eight”)
  • Catalog Reference: Calicó-491
  • Grading: PCGS VF35
    • VF35 indicates that the coin is in Very Fine condition, meaning it shows moderate wear on high points while retaining most major design elements, though finer details may be somewhat softened.

Historical Context

  • Spanish Colonial Coinage:
    • In 1756, Mexico was part of the Spanish Empire, and the 8 reales coin was a standard silver coin used widely in trade across the Spanish colonies and beyond.
    • These coins played a critical role in commerce both locally and internationally and helped to establish a monetary system that would influence later currencies, including the U.S. dollar.
  • Mint and Production:
    • The designation “MM” on some catalogs can refer to a particular variety or mintmark convention used by collectors and referenced in Calicó catalogs.
    • The Calicó-491 reference identifies a specific variety or die variety noted by numismatic experts, which helps determine its rarity and historical variations among 8 reales coins.

Design Features

  • Obverse:
    • Typically features the portrait of the reigning Spanish monarch or an allegorical representation of royal authority, along with inscriptions such as “REX” or “HISPANO,” signifying the authority of the Spanish Crown.
  • Reverse:
    • Usually displays an elaborate shield, scrollwork, and other decorative elements, sometimes accompanied by the Spanish coat of arms or inscriptions that denote the coin’s denomination and origin.
    • The design reflects the intricate engraving style characteristic of Spanish colonial coins from this era.

Collector Appeal & Market Value

  • Rarity & Historical Significance:
    • As an 8 reales coin from 1756, this piece is highly valued by collectors of Spanish colonial coinage.
    • Its age, coupled with its specific variety (Calicó-491), makes it an important example of mid-18th century minting in Mexico.
  • Estimated Market Value:
    • Coins of this type and grade generally have values that can range broadly, but a typical 1756 Mexico 8 Reales in VF35 condition might be valued in the range of $400 to $800.
    • Actual market prices will vary based on eye appeal, toning, and overall demand within the Spanish colonial coin market.

Preservation and Care

  • Storage:
    • It is essential to store this coin in an archival-quality holder or slab (preferably its PCGS encapsulation) to protect it from further wear and environmental damage.
  • Handling:
    • Handle the coin by its edges and ideally with gloves to avoid transferring oils or dirt, which can further affect its condition.
  • Display:
    • Consider using a UV-protected display case in a climate-controlled environment to prevent fading or corrosion.

Conclusion

The 1756 Mexico MM 8 Reales (Calicó-491) graded PCGS VF35 is a valuable and historically rich coin from the Spanish colonial period. Its moderate wear in VF35 condition is typical for a coin of its age, yet it retains the key design features that make it a prized collectible. This piece offers a tangible connection to the monetary history of colonial Mexico and remains a cornerstone for collectors of Spanish colonial coinage.

Year

1756

World Coin Issues

Mexico

Condition

Very Fine – 35

Denominations

8 Reales

Grade

PCGS

Year 1756

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