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Jack's Mexican 8 Reales Columnarios of Charles III


Category: Mexico
Set Type: Charles III, 8 Reales, Pillar Type (1760-1771), Circulation Issue
Owner: jgenn
Last Modified: 2/22/2019
Views: 949

Rank: 1
Score: 29405
Leading by: 12699
Points to Higher Rank: N/A
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Set Description:

These are the 8 Reales produced by the Mexico City mint during the reign of Charles III of Spain from 1760-1771. The coins are 91.7% silver with a nominal weight of 27 g and diameter of 40 mm. I follow the convention of identifying the obverse as that side depicting the symbols of the state, therefore the obverse displays the Spanish arms and the monarch's name "CAROLUS III". The reverse shows the date and design featuring two columns, representing the Pillars of Hercules, framing two globes surmounted by a crown and resting on water. The left column is topped by the Imperial crown of the Holy Roman Empire and the right has the Spanish Royal crown. This iconic image of the Spanish empire's dominion in the old and new worlds gives these coins their common nicknames of "Pillar Dollars" and "Columnarios".

The edge of these coins have a repeating floral motif, to deter clipping and make counterfeiting more difficult. This feature, coupled with the quality and consistency of the milling and minting by screw press, allowed these coins to be accepted across the world. The assayer pairs during this time were Manuel de la Pena and Manuel Assorin (MM) until 1762/63, then Manuel Assorin and Francisco de la Peña (MF) until 1770, followed by Francisco de la Peña and Manuel de Rivera (FM).

Trading reforms enacted by Charles III in the 1760's expanded the opportunities for commerce within the colonies and contributed to the greatly increased mining and minting of silver. At the quantities that were being produced, these coins became the de facto international currency of the time.

I didn't plan on building this set but by working on my Mexico City 8 Reales Type set, I won a few ungraded, problem-free, examples in Ebay auctions to get me started. I convinced myself that stretching my focus on Charles III portrait 8 reales to include the pillar dollars minted during his reign just might fit within my collecting budget. At the current stage in this collection, all but three of these coins were purchased in ungraded state (mostly from major US and Spanish auctions). The 1761/0 MM, 1768/7 MF and 1770/60 FM are the highest NGC or PCGS graded examples.

Update January 2016: I won four coins (three new overdates and one upgrade) from the Rudman Collection of Mexican Coins Part II. I was really hoping to acquire more of them but the truly rare and quality pieces got remarkable bids and even some of the details graded examples hammered at surprisingly high amounts.

Update October 2018: rudman coleccion Mexico City 8 reales sets have been emptied, although not completely removed so you can still view the set history. I think it's important to keep track of such notable achievements -- for this series rudman coleccion had 28 coins with a high score of 37,806.
 Slot DescriptionGradeServiceScore
View Coin 1760MO MM CHARLES III AU 55 NGC 1609
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View Coin 1760MO MM "CAROLUS III/FERDIN VI" VF 35 NGC 534
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View Coin 1761MO MM MS 62 NGC 2374
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View Coin 1761MO MM CROSS BETWEEN I & S VF 25 NGC 958
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View Coin 1761/0MO MM XF 40 NGC 865
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View Coin 1761/51MO MMM XF 40 NGC 865
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View Coin 1762MO MM XF 45 NGC 1008
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1762MO MF  
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View Coin 1762/1MO MM AU Details NGC 805
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View Coin 1763MO MM VF Details NGC 911
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1763/1MO MM  
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View Coin 1763/2MO MM XF 40 NGC 2009
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View Coin 1763MO MF XF 45 NGC 949
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1763/1MO MF  
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View Coin 1763/2MO MF XF 45 NGC 949
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View Coin 1764MO MF XF 40 NGC 725
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1764MO MF "CAR/CRA"  
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1764/1 MO MF  
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View Coin 1765MO MF XF 45 NGC 949
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View Coin 1766MO MF AU 50 NGC 1138
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View Coin 1766/5MO MF XF 45 NGC 1570
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View Coin 1767MO MF XF 45 NGC 949
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View Coin 1767/6MO MF XF Details NGC 363
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View Coin 1768/7MO MF XF 45 NGC 1609
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1768/66 MO MF  
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View Coin 1768MO MF XF 45 NGC 949
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View Coin 1769MO MF XF 40 NGC 725
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View Coin 1770MO MF XF 45 NGC 949
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1770/60MO MF  
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View Coin 1770MO FM AU 53 NGC 1333
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1770MO FM/MF  
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View Coin 1770/60MO FM AU 50 NGC 1969
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View Coin 1770/69MO FM XF Details NGC 667
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View Coin 1771MO FM XF 40 NGC 725
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View Coin 1771/0MO FM XF 45 NGC 949
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