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Coin and Paper Money Collecting/1802, Mexico, Colonial 8 Reales Coin of Charles IIII.

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Expert: - 1/14/2010


Question

1802, Mexico, Colonial
Dear Sir,

I have researched a coin, 1802, Mexico, Colonial 8 Reales Coin of Charles IIII, that I have. In searching, I don't see any other coins with marks all over the front and back such as symbols that look like an "H", "K," "E" etc. Do you have any idea why these marks are on mine and not on others. Thank You!

Answer
Hello Jeremy,
I am just guessing but are the marks stamped into the coin?
I have seen many coins with "counterstamps" that were done after the coins left the mint.  Sometimes it is just grafitti.  Other times, a merchant would do it to indicate that he checked the silver content and weight.
Usually, this detracts from the value as most collectors frown on this.
I hope this helped you, if you please give me a good rating!

Regards
Joe Hylas
www.AllCoins.US
    Questioner's Rating
    Rating(1-10)Knowledgeability = 10Clarity of Response = 10Politeness = 10
    CommentQuick response and good detailed info! Thank You!


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Joe Hylas

Expertise

Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.

Experience

Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US

Organizations
PCGS, NGC, Rotary

Publications
Physician's Money Digest

Education/Credentials
Bachelor's Degree in Business Administration

Awards and Honors
Paul Harris Fellow

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