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Coin and Paper Money Collecting/8 reale coin
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Question
Can you take a look at this and estimate its value? I have had it for a while. I really dont know much about it or if it is real or fake? I thought maybe you could tell by its markings. Thanks for your time..
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Michael
Hi Michael, that's a replica or fake of a silver Spanish-Mexican 8 Reales.
The design is cruder than genuine pieces. It should weigh 27.07 grams.
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 $150 to $1000+ depending on amount of wear and collector demand. 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.
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'.
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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