Silver 8 reales. New world Spanish Empire in Peru. Carlos III
New world Spanish Empire in Peru. Carlos III. RARE
Silver 8 reales. ‘ Pieces of eight’ of 27 grams.
1767 JR first year of issue, Potosi mint, now in Bolivia,
Minting of milled coins was discontinued at Potosi in 1770.
Obverse, crowned coat of arms (lions and castles)
Reverse, globe’s showing two hemispheres (first coins to do so).
Between the pillars of Hercules. 4 pedals type.
Many believe that the mints abbreviation resembling a sign is the
origin for the United States adopting a similar symbol. As the first
American silver dollars are Spanish crown sized 8 reales.
* VERY IMPORTANT NOTE, the pricing of this rare coin is based on
the rarity of the year in combination with the mint and condition.
Same design and denomination are far less expensive if struck in a
different year and mint, Mexico City, for example.