Coin help.

[Garabaldi]

Ijust dug this and am still shaking. I know its spanish and its 1737. Is it an 8 reales? Anyone know the name of this coin? I can't find it in the Red Book.
Thank you.

 

[PBK]

Looks like a Spanish 1737 PJ 2 reales. Lists for around $30-35 in Very Fine condition.

Seville Mint. "PJ" is the mark of mintmasters Pedro Remigio Gordillo and Jose Antonio Fabra.

 

[Garabaldi]

Thank you.

 

[ivan salis]

R II means reale 2 --p j are the mint assayers --s mint mark

with 8 reales being equal to the old silver "dollar" in value --- a 2 reale would be equal to a quarter of the day --note it size is very similar to modern "quarter" dollar coin

 

[CRUSADER]

http://forum.treasurenet.com/index.php/topic,279674.html

See similar BANNER coin Very nice find, I wish I could get one!

 

[Garabaldi]

Do you know where it was minted?

 

[PBK]

Do you know where it was minted?

Seville Mint. "PJ" is the mark of mintmasters Pedro Remigio Gordillo and Jose Antonio Fabra.

 

[Garabaldi]

http://forum.treasurenet.com/index.php/topic,279674.html

See similar BANNER coin Very nice find, I wish I could get one!

Thank you Crusader.

 

[Garabaldi]

Do you know where it was minted?

Seville Mint. "PJ" is the mark of mintmasters Pedro Remigio Gordillo and Jose Antonio Fabra.

Thank you PBK.

 

[ivan salis]

sorry not thinking properly --I should have said s mint mark --seville, spain-- as well as the assayers full names as well --thanks guys

 

[Don in SJ]

Here is an excellent article on Spanish Pistareens, which is what your coin is, they were lighter weight, thus less valuable than the Spanish Silver minted here in the New World..............

http://data.numismatics.org/cnl/Pistareens.pdf I recommend reading the entire article to further understand the Spanish Silver useage in early America .

Don

 

[Mackaydon]

28mm, 6.76 grams and .916 fine silver though weight may differ as per Don in SJ's comment
Great find!!

 

[Bigcypresshunter]

Here is an excellent article on Spanish Pistareens, which is what your coin is, they were lighter weight, thus less valuable than the Spanish Silver minted here in the New World..............

http://data.numismatics.org/cnl/Pistareens.pdf I recommend reading the entire article to further understand the Spanish Silver useage in early America .

Don

I didnt read it yet but it is a Pistareeen minted in Spain and I read somewhere that they were not originally intended for circulation in the New World.

 

[ivan salis]

the lighter weight coins were for spanish homeland use -- thus they were short changed --they were never mean for use outside the home country of spain --spain in effect was short changing the local people money wize with devalued money with less in silver value by weight than the money in their colonies. -- thus when colony taxes got "paid" spain got paid in full silver value coinage which spain later watered down % at home --in effect "making" more money with less silver. --spain did not want the colonist to pay their taxes with this "shorted" money or esle the govt was the one who got short changed value wize.

 

[Don in SJ]

Pistareens have a
lower silver content [833.3 fine] than the full-value,
internationally esteemed Spanish colonial reales
that dominated worldwide trade.

From the above Pistareen article.

Don

 

[Mackaydon]

To clarify, the figures I mentioned above were for New World (Mexico) stats of the same type coin.

 

[Garabaldi]

Here is an excellent article on Spanish Pistareens, which is what your coin is, they were lighter weight, thus less valuable than the Spanish Silver minted here in the New World..............

http://data.numismatics.org/cnl/Pistareens.pdf I recommend reading the entire article to further understand the Spanish Silver useage in early America .

Don

I am looking forward to the read. Digging this coin in Boston has a huge historicle value for me. This coin may have passed through some very important hands.
Thanks for all the comments.