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Columinarios de Carlos -- 8 Reales Types 1760-1772

Category:  World Coins
Owner:  jgenn
Last Modified:  10/11/2021
Set Description
1760-1772 8 reales type set, one per year, from a variety of mints, all from the reign of Charles III. The last issue of this type was minted in 1772 and only in Lima.

The early milled 8 reales of the Spanish American colonies are often called 'Columnarios', 'Dos Mundos' or 'Pillar Dollars' from the reverse design depicting the Pillars of Hercules, wrapped with the national motto of Spain 'PLUS ULTRA' (further beyond), framing two globes, representing the old and new worlds. 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'.

Date-wise, this set fits in front of my Amazing 8s set of Charles III Portrait 8 reales, although I collected the portrait series first.

Set Goals
A mixed-mint, one-per-year, pillar dollar type set from mostly raw examples. I was fortunate to find many gradable examples from eBay and Spanish auction houses. These became the bulk of my Charles III Mexico City 8 reales competitive set. I've added a few types from other mints for this collection as well as one uncirculated example.

Slot Name
Origin/Country
Item Description
Full Grade
Owner Comments
Pics
View Coin 1760 Mexico City MEXICO - TO 1823 8R 1760MO MM "CAROLUS III/FERDIN VI" NGC VF 35 The 1760 date from Mexico City has four varieties. Although Ferdinand VI died in August of 1759, the Mexico City mint had already started minting the 1760 issues in his name so there exist two varieties with the legends for FERDND VI and CAROLVS III. In addition, some of the dies with the FERDND VI legend were reused -- a common occurrence when a die was not too worn, although it is usually limited to overstamping a new date digit. My coin is from one of the FERDND VI 1760 dies with the monarch's legend polished off and re-punched with CAROLVS III -- a few marks from the underlying legend are still visible. Gilboy M-8-37a R3 (11-25 pieces known). The final, and super rare variety, if it actually exists, has both the CAROLVS III over FERDND VI and 60 over 59 (unlisted in Gilboy).

My acquisition of this coin is an example of the wonderful camaraderie that can develop between collectors, especially those that exchange comments on coin forums. Fellow member TwoKopeiki spotted this coin on eBay in a PCGS holder but without the variety attribution and kindly pointed it out to me. After two tries I got it crossed, albeit with one grade lower.

Slabbed Ebay purchase from January 2017
View Coin 1761 Mexico City, MS MEXICO - TO 1823 8R 1761MO MM NGC MS 62 This is the only mint state coin in my Charles III Pillar set. My collection has been built with the goal of showcasing a wide variety of the scarce examples, at whatever grade I can find, and I am grateful that it received NGC's recognition with a Best Classic Set award in 2019 despite the lack of high grade examples.

From the Heritage Ancient & World Coin Signature Auction, January 5-6, 2013, New York. Lot #22301. KM105, "Tip of the cross points between the H and I, a lovely original piece with aged gray and gold patina."
View Coin 1762 Madrid SPAIN 8R 1762M JP NGC XF 40 In the mid 1700's, the Spanish mints did not turn out many of the larger silver coins. Production of the 8 reales ended in 1736 and did not appear regularly until 1772, with the exception of the 1762 mintage. Charles III ascended to the throne near the end of 1759 and in 1761 made the first change to the Spanish coat of arms since 1700. Most notable is the addition of arms of the Italian houses of Farnese and Medici -- Charles had ruled the Kingdom of Naples and Sicily since 1734. The 8 reales and 8 escudos coins of 1762 feature the new coat of arms on their obverse. This design would not appear again on reales coins and only on the reverse of the escudos starting in 1771. The coat of arms that Charles III introduced in 1761 is a testament to the great breadth of Spanish influence in Europe at the time. Starting in the upper left and working clockwise we have the arms of Aragon, a former confederation of kingdoms in Eastern Spain and Italy; Aragon-Sicily, a blend of the Hohenstaufen eagle and the ruling Aragonese arms; Austria; Burgundy modern (framed fleurs-de-lis of the House of Valois-Burgundy); the balls of the House of Medici at 3 O'clock; the lion of the Duchy of Brabant (Netherlands); the eagle of Tyrol (Austria/Italy); the lion of Flanders (Belgium); Burgundy ancient (House of Burgundy); and at 9 O'clock, the six fleur-de-lis of the House of Farnese (Italy). In the center are the quartered arms of Castile (castle) and León (lion) with the pomegranate of Granada at the bottom and the three fleur-de-lis of Anjou (France) in the center. The reverse design presents just the arms of Castile and León. Purchased raw from the April 2013 Aureo & Calicó Subastas, Barcelona, Lot #1465. Well struck and toned, this coin was originally graded at VF35. Regrading got it up to XF40 but I believe the lack of wear from circulation and the luster under the dark toning should garner AU50. (KM# 399.1, Cal. 875). Buen ejemplar. Rara. MBC+/MBC
View Coin 1763/2 Mexico City MEXICO - TO 1823 8R 1763/2MO MF NGC XF 45 Raw coin from the Stack's Bowers March 2011 Baltimore Auction. Lot #8025. FC-41d (R3); El-56; Gil-M-8-42c. Single arc crown. My original submission was mistakenly marked as a 1763/2Mo MM, a much rarer variety, but I did the honest thing and had it corrected.
View Coin 1764 Lima PERU 1659-1826 8R 1764LM JM TWO DOTS PCGS AU Details Raw coin from the March 2013 Aureo & Calicó Subastas, Lot #1293. (Cal. 840). Columnario. Bella. EBC. This one has a number of scratches above the crown on the reverse. Otherwise, a well-struck, near AU, example.
View Coin 1765 Mexico City MEXICO - TO 1823 8R 1765MO MF NGC XF 45 Raw coin from an Ebay auction in August of 2011 -- another fine transaction with numismexico. Decent strike and a nicely toned example.
View Coin 1766/5 Mexico City MEXICO - TO 1823 8R 1766/5MO MF NGC XF 45 At the time I submitted this coin for certification, NGC had not graded any examples. Gilboy M-8-46a R3 (11-25 pieces known). Raw coin from the April 2013 Aureo & Calicó Subastas, Barcelona, Lot #1470. (Cal. 903). Columnario. Buen ejemplar. MBC+
View Coin 1767 Mexico City MEXICO - TO 1823 8R 1767MO MF NGC XF 45 Lustrous specimen. A few small stains and adjustment marks on the obverse, which is weakly struck in the center. Handsome reverse, with clearly distinguishable imperial and royal crowns. Raw coin from an Ebay auction in February of 2011. One of very few columnarios that I've been able to buy at or below FMV.
View Coin 1768 Antigua, Guatemala GUATEMALA - COLONIAL 8R 1768G P NGC XF 45 Minted in the old capital before the city was destroyed by earthquakes and the capital, and mint, was moved to Nueva Guatemala. From the November 2012 Cayón Subastas, Madrid, Spain, Lot# 47, Cy11954. Acuñación algo floja en el centro del flan, como es usual en la serie. EBC/EBC-. Graded below expectation, probably due to the strike on obverse, which lacks clarity in some of the design. Paid well over FMV but I've seen other Guatamala pilliars also auction well above FMV in 2012.
View Coin 1769 Mexico City MEXICO - TO 1823 8R 1769MO MF NGC XF 40 This coin made the journey from NGC to PCGS and back. It has a few bagmarks/circulation marks, as noted in the auction description, but in my opinion none qualify as scratches. So I cracked it out of the NGC details slab and sent it to PCGS where it straight graded at 40. A subsequent cross-over gets it back into my set. It features an nice complete strike and original toning.

Raw purchase from the May 2012 Cayón Subastas, Barcelona, Lot #1237. Cy11968. Marquitas en campo. MBC+. Tono.
View Coin 1770 Potosi BOLIVIA - COLONIAL 8R 1770PTS JR DOT AFTER "CAROLUS" NGC XF 40 The mint at Potosí was, for a variety of reasons, the last colonial mint to convert from cob production to milled coinage. Pillar issues started in 1767 and ran until 1770 so this example is the last of the pillar dollars, followed by a brief period where cobs were reintroduced.

I won this one as a raw coin in an auction on Ebay in October of 2012 from a seller that I didn't know so I was very happy to see it get a full grade. It has a patch of staining on the obverse and a spot on the reverse but a nice full strike overall. This is the variety with dot after "CAROLUS".
View Coin 1771 Lima PERU 1659-1826 8R 1771LM JM ONE DOT NGC AU 50 Slabbed purchase from the Heritage Auctions 2013 September-October World and Ancient Coins Signature Auction - Long Beach #3026, Lot #28193. KM 64.2, dot over left L, nicely toned with bold details.
View Coin 1772 Lima PERU 1659-1826 8R 1772LM JM PILLAR TYPE, ONE DOT NGC AU Details The mint in Lima was the last to produce the pillar dollar with final year of issue in 1772. Two varieties are known for this date with the more commonly seen variety having the dot above the left mintmark only and the rare variety having the dot above both left and right mintmark. My example is the one dot variety.

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