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Dalsuh
Penny Hoarding Member
USA
757 Posts |
 Posted - 04/28/2009 : 02:27:55
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How authentic is this coin and what is it's true value? Thanks
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 04/28/2009 : 09:35:52
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| Reales were pretty much the first coins used, They were recognizeable and accepted. Value, I can resaerch tonight. Nice coin though. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 04/28/2009 : 21:32:30
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It looks nice, that might indicate a fake.
I wouldn't put much stock in that "Certificate of Authenticity"!
It might just be a real Reale and that was the standard coinage of the day used in the American Colonies prior to and after our break with "The Empire".
If you're purchasing it from China, I'd vote for fake.
If you trust the Dealer, it's probably the not fake. |
There's profit if you melt things!!
8{> |
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Dalsuh
Penny Hoarding Member
USA
757 Posts |
Posted - 04/29/2009 : 11:01:56
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| I purchased it from a trustworthy person. All the old coins he has sold me so far were real. I saw some of the same coins on Ebay, some are selling at over $100 and others at $30. It's an ugly coin though. Yeah, and the certificate is probably bs. |
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n/a
deleted
478 Posts |
Posted - 04/29/2009 : 12:25:05
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I have one dated 1799 that my uncle gave me when I was a kid. They are very common. Hard to believe but they are. I saw them selling for around $80 in one of those full page magazine ads a few years back. Rare dates, condition etc are what make them worth big bucks, just like any other collectible coins.
These were known as the "pieces of 8" coins from pirate days. They were sometimes cut up into pieces to make change. These coins were used all over the world when Spain had a huge empire. Sometimes they come on the market in huge lots when a treasure shipwreck is found.
Yours looks pretty authentic to me but I'm by no means an expert. I'm just comparing it to what my 1799 looks like. Your coin appears to have possibly been cleaned. Notice how they use four IIII for the kings title instead of IV? That's the way they did it back then. The notation IV instead of IIII became the new standard in modern times. Many old clocks and watches use this notation (IIII) for the number 4 also.
There are hundreds of these coins listed on EBAY. Prices are all over the place. Use caution when purchasing as there are many fakes and reproductions. Probably one of the most faked coins on the planet.
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Edited by - n/a on 04/29/2009 12:54:39 |
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Dalsuh
Penny Hoarding Member
USA
757 Posts |
Posted - 04/29/2009 : 13:47:52
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quote:
Originally posted by CuproNickle
I have one dated 1799 that my uncle gave me when I was a kid. They are very common. Hard to believe but they are. I saw them selling for around $80 in one of those full page magazine ads a few years back. Rare dates, condition etc are what make them worth big bucks, just like any other collectible coins.
These were known as the "pieces of 8" coins from pirate days. They were sometimes cut up into pieces to make change. These coins were used all over the world when Spain had a huge empire. Sometimes they come on the market in huge lots when a treasure shipwreck is found.
Yours looks pretty authentic to me but I'm by no means an expert. I'm just comparing it to what my 1799 looks like. Your coin appears to have possibly been cleaned. Notice how they use four IIII for the kings title instead of IV? That's the way they did it back then. The notation IV instead of IIII became the new standard in modern times. Many old clocks and watches use this notation (IIII) for the number 4 also.
There are hundreds of these coins listed on EBAY. Prices are all over the place. Use caution when purchasing as there are many fakes and reproductions. Probably one of the most faked coins on the planet.
Thanks very much CuproNickle, that's some great info. I like how they use the IIII instead of IV . Hey btw, isn't nickle supposed to be nickel? Who knows, nvm  |
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n/a
deleted
478 Posts |
Posted - 04/29/2009 : 16:06:19
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<Hey btw, isn't nickle supposed to be nickel?>
Yeah, spelling error on my part. I might have had a few drinks in me when I signed up way back when.
By the way, here is some interesting info on how they were made.
You must be logged in to see this link.
These coins were very roughly made. They were made by the treatment of the silver ore with mercury to produce the metallic silver. This was melted and poured into molds that produced long flat bars of silver. The government assayer had the responsibility to insure that the silver bars had the correct purity, 92 - 95 % silver. These bars were hammered by hand, by Indian slaves, to make a crude, round, thinner bar. The tip of the bar was cut off to produce blank slugs, for making coins. One of these blanks, was placed between two dies, and the top die was struck with a hammer, imprinting the images onto the coin. The government assayer would then weigh the coin, and cut off all excess silver, making the coins of a consistent weight. Coins that did not weigh correctly, were thrown back into the pot, and re-melted. The thickness and circumference did not matter, the coins were based on the weight of silver they contained. That is why, no two Cobs were exactly the same.. "Cobs". The word Cob, comes from the Spanish words "cabo de barra", meaning, "end of bar". This crude appearance of these coins, allowed unscrupulous individuals to follow the practice of shaving pieces of the silver off the coin, making coins with less silver, than was legal. |
Edited by - n/a on 04/29/2009 16:16:44 |
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 04/29/2009 : 16:27:05
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| A nice piece of history IMO. I do not own one. The most that I personally would own is one. |
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Need help w/ another coin
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