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Coin and Paper Money Collecting/1803 8 reales coin carolus 1111 pillars
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Question
what can you tell me about this coin i have and the value if sold thanks rb 1803 spanish 8 reales coin pillars on one side face on the other .reads ( rex m 8r ft )pillars side (carolus 1111 dei gratia 1803) face side
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Hi Ron,
This is a Spanish colonial "pillar dollar" from the Mexico City mint. These were used as currency all over the world in that period, including in the US until 1859. The little chop marks on your coin are merchant's symbols from the Oriental trade, meaning your coin had been circulated throughout the Asian markets.
Based on the side in the picture it appears to be a mid-grade coin, right around VF (very fine) condition. As such, you can expect $60 to $80 for it at auction. A retail store or website may charge up to $125 for it though.
The Mexico City coins like this are the most common. Similar looking coins minted in Bolivia, Peru, Chile, Guatemala or Colombia command much higher prices due to being scarce.
Thanks for the question! =)
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| Rating(1-10) | Knowledgeability = 10 | Clarity of Response = 10 | Politeness = 10 |
| Comment | excellant info , fast response thanks r b | ||
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Answers by Expert:
Dmitry Livshits
Expertise
My specialty is world coins from the 18th to 20th centuries, primarily non-US foreign coins and related areas such as errors and exonumia (tokens, medals, etc.). I can answer questions relating to identification, grading, selling, preservation and evaluation of such items. In addition to catalog value, I can give you the practical market value and trends for specific types of coins. I will also take questions regarding counterfeits (both modern and antique) and on how to identify them. I am NOT knowledgeable in paper money/banknotes, ancient or "shipwreck" coins. Thank you.
Experience
Collector of world coins since early childhood. Access to a variety of auction records and reference material. You can also find me on Facebook.
Education/Credentials
A.S. in Psychology (2006), B.A. in Forensic Psychology (2008), M.A. in Forensic Psychology (2011).
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