8 real coin

[jerome83]

Hello.
I write you from France.
I have the opportunity to buy this coin. Could you tell me more? Is it true or not ... How much can I pay for it? The weight is 26,28g
Thank you in advance for your answers.
Jerome

 

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[Diver_Down]

First, let me welcome you to TNet. A question on the weight - is the comma supposed to be a decimal (26.28 grams)? Just making sure that it isn't 28 grams. If it is 26.28 grams, then it wouldn't be suspect accounting for the wear on the piece.

Now for the nitty-gritty (assuming the typo on the weight is correct), it is real and a fantastic specimen. It is a 1653 8 Reale minted in Potosi during the reign of King Phillip IV under the assayer of Antonio de Erguetta. What makes this piece interesting is it is 1 year after the Transitionals. Consequently, there are some minor transitional variations that lingered in the immediate years following. Your piece has a vestige of the PH monogram above the denomination on the reverse which is one of the minor transitional varieties. Not sure of the currency conversion, but I would expect a $350-$400 US dollar value depending on the venue and provenance. (If it was selling with provenance at Sedwick's Treasure Auctions, it might realize $500-$600 for Transitional collectors).

 

[jerome83]

Think you very much for your answer.
Yes, this is the right weight around 26g.����

 

[Diver_Down]

Think you very much for your answer.
Yes, this is the right weight around 26g.����

Yes. With the wear, there should be no suspicion with the weight.

 

[Force_of_Iron]

Its great that you are wading into the waters of collecting. However, its a dangerous place to wade in unless you have already learned to swim.

If you have to ask this type of question it probably means you are new to collecting. However you are starting at the mid range of a typical collectors arc. This is great in some ways but bad in others

Its good because the better stuff is always easier to sell if you have to and holds value better. I spent a lot of money when I started on stuff that I latter found to be worthless.

It's bad in that you won't see the train when it comes down the tracks. It is wise to consult here. Many are willing to help.

Be careful !

 

[civil_war22]

Its great that you are wading into the waters of collecting. However, its a dangerous place to wade in unless you have already learned to swim.

If you have to ask this type of question it probably means you are new to collecting. However you are starting at the mid range of a typical collectors arc. This is great in some ways but bad in others

Its good because the better stuff is always easier to sell if you have to and holds value better. I spent a lot of money when I started on stuff that I latter found to be worthless.

It's bad in that you won't see the train when it comes down the tracks. It is wise to consult here. Many are willing to help.

Be careful !

I did this as well when silver was low, and you could get worn Morgan’s for next to nothing. I had close to 75-80 when I sold them all. I sold them to a coin guy who also does his own smelting. So I got the melt value which was nice. Because at the time of purchase I didn’t even spend half that on them

 

[A2coins]

Welcome to tnet great info to learn