Jack's Mexican Charles III Portrait 8 Reales Hoard
1776MO FM


Obverse
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Reverse
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Coin Details

  

Set Details
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1776MO FM
Grade: NGC MS 63
Owner: jgenn
 
Winning Set: Jack's Mexican Charles III Portrait 8 Reales Hoard
Date Added: 10/10/2013
Research: See NGC's Census Report for this Coin

Owner's Description

Despite the vast amount of silver and gold coming from the New World, Spain struggled with its finances due to enormous debts from centuries of war and poor economic policy. To gain additional seigniorage, the margin realized by the mint, Spanish and colonial silver coins were redesigned and debased, starting in 1772. Highest NGC or PCGS graded example and shares the honor of the highest graded coin in my 8 reales collection with one other from Peru. Full luster and sharp strike on both sides with just a little weakness above the crown on the reverse. Purchased, freshly slabbed, from Mexican Coins and More in October of 2013. Any 1776 coin is popular with US collectors and typically sells at a hefty premium -- this one was no exception.

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