1879/7-GO|SM Mexico 8 Reales NGC Chopmarked

$199.99

The 8 Reales coin, known as the “Spanish Dollar” or “Piece of Eight,” was the world’s most recognized silver trade coin for centuries. By 1878, Mexican pesos were still being used in China, the Philippines, and Southeast Asia, where merchants preferred them over local currencies. The chopmarks on this coin indicate it was tested and approved by merchants or bankers in Asia, ensuring its authenticity before being accepted in transactions.

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SKU: 8192460-031 Category: Tag:

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CVC & Collectables proudly presents the 1879/7-GO|SM Mexico 8 Reales, struck at the Guanajuato Mint (Go) with the SM assayer initials, is a fascinating overdate variety of Mexico’s iconic silver trade coinage. Graded NGC Chopmarked, this coin bears merchant authentication marks, signifying its use in global commerce, particularly in Asia.

Coin Highlights:

  • Issuer: United Mexican States
  • Date: 1879/7 (Overdate Variety)
  • Mint: Guanajuato (Go mintmark)
  • Assayer: SM
  • Denomination: 8 Reales
  • Composition: Silver (.9027 fine, approx. 0.7859 oz actual silver weight)
  • Diameter: 38-40 mm
  • Edge: Reeded with an inscription
  • Grade: NGC Chopmarked — Circulated with merchant authentication marks.

Obverse:

  • Design: The radiant Liberty cap, symbolizing freedom and independence, a hallmark of Mexican 8 Reales coinage.
  • Inscription: LIBERTAD 8R. 1879/7. Go. SM.
    • “Liberty, 8 Reales, 1879 (over 7), Guanajuato Mint, Assayer SM.”

Reverse:

  • Design: The Mexican coat of arms, featuring an eagle perched on a cactus while devouring a snake, inspired by Aztec legend and symbolizing Mexican sovereignty.
  • Inscription: REPUBLICA MEXICANA

Collectibility:

The 1879/7-Go SM 8 Reales is a highly desirable piece for collectors. The chopmarks tell a story, linking this coin to bustling trade hubs such as Shanghai, Manila, and Hong Kong, where it likely circulated as a preferred form of currency. As a well-traveled artifact of world trade history, this coin is an excellent addition to any collection of Mexican, world, or trade coinage!

Explore a captivating collection of collectible coins from Mexico, spanning from 1500 to the present day, including intriguing revolutionary coins. CVC & Collectables offers a treasure trove of Mexican numismatic history, showcasing the evolution of currency over centuries. Discover these fascinating Mexican coins through this link: CVC & Collectables –  Coins of Mexico

World Coin Issues

Mexico

Condition

Chopmarked

Grade

NGC

Year

1879

Denominations

8 Reales

Metal Type Silver
Metal Weight 0.7859 oz
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