1783 Spanish 1/2 Real coin

[Southern Brass]

I posted this coin yesterday on the "What is It" section. Some were was saying its suspisios looking . It was found in a plowed up sweet potato field near Smithfield , NC with my AT Pro. Just curious as to what the value may be or even if its authentic at all. 1783 Spanish 1/2 Real(e) thanks for any opinions . suggestions comments or price quotes

 

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[Charlie P. (NY)]

Ebay - ever the bastion of coin prices - has one for $59.99 with zero bids. Watch it and see where the bidding ends.

RARE 1783 MO Mexico Silver 1 2 Reale El Cazador Shipwreck ANACS Prime Select | eBay

Here's a guide to the Spanish Reales. Yours is Mexico City (the "M" with the little "o" over it)
Coin Value: Spain Spanish Colonial 1/2, 1, 2, 4, and 8 Reales (Carolus III and IIII) 1772 to 1808

The problem is the year. The El Cazador sank in 1784 with a hold full of 500,000 just minted/uncirculated 1783 Reales of various denominations. Glutted the market for 1783 Reales, making them more common than 1928 Philadelphia mint Peace Dollars.

 

[coinsareawesome]

NGC World Coin Price Guide gives a value of $90 in EF or XF condition.

 

[jerseyben]

What exactly is suspicious about this coin?

Common, worth about $30.