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Amazing 8s -- Charles III Portrait 8 Reales 1772-1791

Category:  World Coins
Owner:  jgenn
Last Modified:  11/6/2021
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Slot: 1772 Seville
Origin/Country: SPAIN
Design Description:
Item Description: 8R 1772S CF
Grade: NGC AU 53
Research: View Coin
Owner Comments
My nicest example of the Charles III portrait design from Spain is the first in the series as 1772 was the beginning of the re-coinage that replaced the pillar dollars of the colonial mints and the coat-of-arms design of Spain. The issue of 8 reales from the two mints in Spain would be suspended during several years in the following decade with the likely reason being to prop up the royal coffers by only minting the debased 1 and 2 reales during this period. On the Spanish minted coins, the portrait is different from the colonial design in that the bust is fully draped and without laurel wreath. The obverse is the crowned Spanish arms but without the pillars of Hercules.

From the Heritage World and Ancient Coins Platinum Night Auction in May, 2021
Slot: 1772 Mexico City, inverted MF
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1772MO FM "MF" INVERTED ASSAYER
Grade: NGC AU 50
Research: View Coin
Owner Comments
First year of the portrait design on Spanish silver coins. This example is from the Mexico City mint. Both the mint mark and assayer initials are inverted and this coin is the rare variety where the initials have been transposed from "FM" to "MF" From the April/May 2012 Heritage auction, Chicago, lot #25106. KM106.1.
Slot: 1772 Lima
Origin/Country: PERU 1659-1826
Design Description:
Item Description: 8R 1772LIMA JM PORTRAIT TYPE
Grade: NGC AU 58
Research: View Coin
Owner Comments
First year of portrait coinage from the Lima mint. After neglecting my collection of Peru 8 reales for several years, I saw this attractive example in the Stack's Bowers January 2019 NYINC auction. From the catalog:

"Premium quality for the grade, with a nice strike, few marks and overlying olive brown tone on both sides that is attractive and entirely original."

NGC pop 2/3
Slot: 1773 Potosi
Origin/Country: BOLIVIA - COLONIAL
Design Description:
Item Description: 8R 1773PTS JR
Grade: NGC AU 50
Research: View Coin
Owner Comments
1773 is the first year of the Charles III portrait design minted in silver from Potosi, Bolivia. This was a raw coin acquired in my first experience with a Spanish auction, via internet, of course. From the June 2010 Cayón Subastas, Madrid, Spain. Cy12015. Golpecito en grafila del rev (small bagmarks on reverse design). MBC+
Slot: 1773 Antigua Guatemala
Origin/Country: GUATEMALA - COLONIAL
Design Description:
Item Description: 8R 1773G P Ex. Gaspar de Portola
Grade: NGC UNC Details
Research: View Coin
Owner Comments
Second year of the of the portrait design in the Captaincy General of Guatemala, the Spanish administrative region that included modern day Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and the Mexican State of Chiapas. This coin was minted at the earlier Guatemela City, also known as Santiago de los Caballeros (and later known as Antigua Guatemala), which was the capital city at the time. Both the capital and mint were moved to a different location, due to the damage from earthquakes in 1773. As this coin is an issue from the year of the earthquake is it more scarce than the 1772 issues. This coin has the G mint mark; after the move, coins would use the NG mint mark for Nueva Guatemala.

Encapsulated coin from the Heritage NYINC January 2019 auction and ex Aureo & Calico, Gaspar de Portola part II
Slot: 1774 Potosi, MS hoard
Origin/Country: BOLIVIA - COLONIAL
Design Description:
Item Description: 8R 1774PTS JR
Grade: NGC MS 62
Research: View Coin
Owner Comments
Although no pedigree was mentioned in the auction listing, given its date, mint and condition, this coin is likely from the small, buried hoard discovered near Potosi that is thought to have been hidden prior to the Great Aymara Rebellion of 1780. Due to this find, many mint state examples of this year/mint are available to collectors. Purchased from the Stack's Bowers/Ponterio & Associates, Inc. 2011 N.Y.I.N.C. Auction. KM-55; FC-6; El-12.
Slot: 1775 Mexico City, top pop
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1775MO FM
Grade: NGC MS 62
Research: View Coin
Owner Comments
Highest NGC or PCGS graded example. Full luster and sharp strike on both sides with slight gold toning along top rims. Purchased, freshly slabbed, from Mexican Coins and More in July of 2013.
Slot: 1776 Mexico City, top pop
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1776MO FM
Grade: NGC MS 63
Research: View Coin
Owner Comments
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.
Slot: 1777 Mexico City, scarce FF
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1777MO FF
Grade: NGC AU 53
Research: View Coin
Owner Comments
Quality 1777 8 reales from Mexico with the FF assayers are difficult to acquire. I was fortunate to notice right away when member TwoKopeiki put this example on the sales forum. This one has a full strike, and proof-like fields with some colorful toning near the rims.

ex 8 Reales Madness and ex Mike Dunigan from the CICF in 2011.
Slot: 1777 Potosi, top pop
Origin/Country: BOLIVIA - COLONIAL
Design Description:
Item Description: 8R 1777PTS PR
Grade: NGC MS 62
Research: View Coin
Owner Comments
This is the finest known NGC or PCGS graded example. Purchased from Dan Sedwick's Treasure Auction 12, Lot# 1269, October 2012. This specimen is quite lustrous and very lightly toned, no wear but a few minor surface marks from incidental contact.
Slot: 1778 Mexico City
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1778MO FF
Grade: NGC MS 61
Research: View Coin
Owner Comments
Pedigreed to the Q. David Bowers Collection and previously purchased privately from John Kraljevich who indicated that it came from a hoard found in Haiti, which contained nearly exclusively Mint State eight reales from the mid to late 1780s. They may have been hidden in response to the slave revolt in 1791 that evolved into the Haitian Revolution. Reflective lustre with a touch of iridescent toning. Light marks account for the modest Mint State grade.
Slot: 1779 Mexico City
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1779MO FF
Grade: NGC MS 61
Research: View Coin
Owner Comments
One of very few PCGS encapsulated coins in my collection that I have moved to NGC. When I started my 8 reales collecting in 2010, I chose NGC as my primary grading service in large part because the registry allowed sets to include PCGS coins. Unfortunately, this policy was changed for competitive world coin sets in 2012 so it could not appear in my competitive sets until I crossed it in 2017. From the Stack's Bowers August 2012 Philadelphia ANA World's Fair Of Money Auction, Lot# 40684. KM-106.2; FC-62a; El-89. Fully lustrous and choice. Former PCGS MS-61.
Slot: 1780 Lima, top pop
Origin/Country: PERU 1659-1826
Design Description:
Item Description: 8R 1780LIMA MI
Grade: NGC MS 63
Research: View Coin
Owner Comments
One of my finest 8 reales, by grade, is this example from Peru. Clearly, the graders appreciated the wonderful strike and lovely toning on the reverse. However, the obverse is a different story, struck with a later stage, and perhaps rusty, die.

From the Heritage Ancient & World Coin Signature Auction, January 5-6, 2013, New York. Lot #22386. KM78a, silvery gray patina with hints of deep red and magenta. Very attractive, strong strike on both sides
Slot: 1781 Mexico City
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1781MO FF
Grade: NGC AU 58
Research: View Coin
Owner Comments
This is the fourth coin I've purchased (three raw and one from another TPG) for this slot and only with this one did I get a full grade. Clearly I saved the best for last as this is a bright and mostly problem free example. From the February 2013 Soler y Llach Subastas, Barcelona, Lot #0637. Restos brillo original. (Pequeños golpecitos. Zona de plata algo agria en anverso). Cal-931. EBC-/EBC.
Slot: 1782 Mexico City
Origin/Country: MEXICO - TO 1823
Design Description:
Item Description: 8R 1782MO FF
Grade: NGC AU 55
Research: View Coin
Owner Comments
When I started collecting 8 reales I preferred to buy raw coins, but I'm always on the lookout for a nicer example. This one is a case where I was able to win a better slabbed coin and upgrade my slot. From the Heritage January 15-16 2013 NYINC Auction, Lot #28495. KM106.2, Impressive luster and very little wear.
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