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Question
What is a 1771 VTRAQUE VNUM coin worth? It is in excellent shape!
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Hi Joseph, It seems to be a silver dollar sized Spanish-Mexican 8 Reales. That design features King Charles III (1760-88). The F and M are the Mexico City mint's assayers' initials. The Mexico City mintmark is an M with a small o over it. It should weigh 27.0674 grams and would contain .7980 of an ounce of silver.
Collector value depends on date, number minted and condition of a coin, including amount of wear, any dents, scratches or cleaning. This one may be worth about $25 with heavy wear to maybe $125 with moderate wear (likely yours) to possibly $250 with light wear. You might also try a library for a copy of the Standard Catalog of World Coins for pictures, values and lots more interesting info.
The “Spanish Milled Dollar” and its fractions were the principal currency through the early 1800s in U.S. everyday circulation and were legal tender as late as 1857.
If a coin has been damaged by becoming part of the jewelry or cannot be separated from the jewelry without damage then its value lies in the piece of jewelry and not as a coin.
You might find similar pieces on Ebay.com for comparison. These sites are also a great info source:
http://carlclegg.com/pillars/design.html .
http://www.coinsite.com/content/faq/8RealesMilledPillar.asp .
Counterfeits and fantasy pieces mass produced in East Asia, the Middle East and Eastern Europe abound of Chinese and U.S. coins, and many other countries'.
Weighing it may be the best telltale of its genuineness.
Fakes: http://reviews.ebay.com/Fake-8-4-and-2-Reales-coins-from-ASIA-BEWARE_W0QQugidZ10...
Chinese counterfeit factory: http://coins.about.com/od/worldcoins/ig/Chinese-Counterfeiting-Ring/Chinese-Fake... .
Brad
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Coin and Paper Money Collecting
Answers by Expert:
Brad Swain
Expertise
I have been a World Coin and Paper Money collector since about 1965. I will be glad to answer any questions you may have on World coins or currency, tokens, unusual or unknown pieces and attempt to give you estimates of value and historical information about them in a polite and prompt manner.
Experience
45 years collecting coins and paper money.
Education/Credentials
BA History, BA Geography - Virginia Tech
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