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8 Reales coins at local pawn shop

logger7logger7 Posts: 7,962 ✭✭✭✭✭
edited April 20, 2023 1:54PM in World & Ancient Coins Forum

Comments

  • SimonWSimonW Posts: 572 ✭✭✭✭✭

    I’ll take the pillar dollar

    I'm BACK!!! Used to be Billet7 on the old forum.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,607 ✭✭✭✭✭
    edited April 20, 2023 8:34PM

    @SimonW said:
    I’ll take the pillar dollar

    Can't go wrong at 300$ even it grades authentic (any from 1732-1771 bring more than that). Try getting it at 250$-275$. My guess graded would bring 500$+ (depending on your luck using buy it now on Ebay) even just authentic. Of course if it pans out as numerical graded then more obviously.

    As for the chopmarked coins some are common and some are very rare maybe someone here can help you out with those. Could just be common dates. But even at 100$ that is cheap if they are real. I am no expert on the subject some people here would know better.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,607 ✭✭✭✭✭
    edited April 21, 2023 1:52PM

    Let us know what you end up buying if you do buy any of them. I would either send them in to PCGS or NGC.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,607 ✭✭✭✭✭

    Do any of you vets here fell like any of these coins are fake? I am not one who would know much about that.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • PillarDollarCollectorPillarDollarCollector Posts: 4,607 ✭✭✭✭✭
    edited April 21, 2023 2:01PM

    What is the coin for 80$? Looks like a coin from Lima Peru. That could be a good coin for that price maybe someone here can chip in on its value.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • ELuisELuis Posts: 772 ✭✭✭✭

    @PillarDollarCollector said:
    What is the coin for 80$? Looks like a coin from Lima Peru. That could be a good coin for that price maybe someone here can chip in on its value.

    That it is an 8 Soles from Bolivia (Potosi), about the price I have seen these in that range.

  • ELuisELuis Posts: 772 ✭✭✭✭

    @PillarDollarCollector said:

    @SimonW said:
    I’ll take the pillar dollar

    Can't go wrong at 300$ even it grades authentic (any from 1732-1771 bring more than that). Try getting it at 250$-275$. My guess graded would bring 500$+ (depending on your luck using buy it now on Ebay) even just authentic. Of course if it pans out as numerical graded then more obviously.

    As for the chopmarked coins some are common and some are very rare maybe someone here can help you out with those. Could just be common dates. But even at 100$ that is cheap if they are real. I am no expert on the subject some people here would know better.

    I have seen Mo 8R from 1742 & 1752 at 230 & 240 so it is possible that it is a good price.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,607 ✭✭✭✭✭

    @ELuis said:

    @PillarDollarCollector said:

    @SimonW said:
    I’ll take the pillar dollar

    Can't go wrong at 300$ even it grades authentic (any from 1732-1771 bring more than that). Try getting it at 250$-275$. My guess graded would bring 500$+ (depending on your luck using buy it now on Ebay) even just authentic. Of course if it pans out as numerical graded then more obviously.

    As for the chopmarked coins some are common and some are very rare maybe someone here can help you out with those. Could just be common dates. But even at 100$ that is cheap if they are real. I am no expert on the subject some people here would know better.

    I have seen Mo 8R from 1742 & 1752 at 230 & 240 so it is possible that it is a good price.

    Were I have never seen any on Ebay or Heritage auctions in 3 years at those price levels.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • ELuisELuis Posts: 772 ✭✭✭✭
    edited April 21, 2023 3:46PM

    @PillarDollarCollector said:

    @ELuis said:

    @PillarDollarCollector said:

    @SimonW said:
    I’ll take the pillar dollar

    Can't go wrong at 300$ even it grades authentic (any from 1732-1771 bring more than that). Try getting it at 250$-275$. My guess graded would bring 500$+ (depending on your luck using buy it now on Ebay) even just authentic. Of course if it pans out as numerical graded then more obviously.

    As for the chopmarked coins some are common and some are very rare maybe someone here can help you out with those. Could just be common dates. But even at 100$ that is cheap if they are real. I am no expert on the subject some people here would know better.

    I have seen Mo 8R from 1742 & 1752 at 230 & 240 so it is possible that it is a good price.

    Were I have never seen any on Ebay or Heritage auctions in 3 years at those price levels.

    I never had tried ebay or at any auction house.
    This one was sold for $240

  • SimonWSimonW Posts: 572 ✭✭✭✭✭

    I’ve bought two problem free VF at $265 and $300 and an XF+ for $400, so they do sell for that sometimes.

    Depends on your market, if it’s a public sale, they go for more, but most people in shops are pricing them with Krause, so that’s pretty predictable price. They’re usually worth more when they’re problem free and certified though, as you say.

    Authenticity is always a concern with this kind of situation, but it looks good as far as I can tell.

    I'm BACK!!! Used to be Billet7 on the old forum.

  • ELuisELuis Posts: 772 ✭✭✭✭
    edited April 22, 2023 6:59AM

    I have seen way nice Pillars 8R raw in maybe AU58 for $780, but since I am not in any way an expert and in the past many of the ones I bought end up being fakes (maybe 4), so not my niche, but one of these days will buy me one at least.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,607 ✭✭✭✭✭
    edited April 22, 2023 12:18PM

    Living in Canada my guess is there is not a single store with pillars for sale. I have no other choice but to buy online. Ah well at least I can pick up some coins I could not imagine collecting what I collect in the pre internet age. I also check the sales section here but have not seen any coins yet I wanted to buy.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • logger7logger7 Posts: 7,962 ✭✭✭✭✭

    A few more pictures:






















  • ChopmarkedTradesChopmarkedTrades Posts: 493 ✭✭✭✭✭

    Most of them are a bit ambitious on the pricing, but overall some nice pieces; relatively common for the most part but appealing original condition with color. The 1779-Mo 8R looks nice and appealing as an XF+ or an AU-, probably the nicest of the group. The Haiti Gourde, which isn't all that common in AU grades, but appears to have been wiped.

    The chopmarks are pretty decent, but they're looking for strong prices. The best of the chopped coins is likely the 1772-Mo 8R, which is a bit scarce with the Inverted Assayer variety and looks like a crusty original coin, but it's closer to a $150 coin than a $300 coin. The Yen is probably about right, lustrous but heavily chopped; the date looks more like an 1885 than the 1893 it's labeled as, and the earlier date is more appealing but only to a select audience.

  • logger7logger7 Posts: 7,962 ✭✭✭✭✭

    Thanks again for the feedback on these coins. I stopped back and talked to the main guy there who indicated he'd probably be willing to go $600 if I bought 3 of the $300 coins. Probably not a lot of risk on that if I get the 3 best. I'd probably run them through ICG just because they are doing foreigns now for $15/coin and turn them around quickly and they do have highly experienced graders. On foreigns I've found them conservative, certainly not the crazy loose grading some blame them for. Of course the market is less with Anacs or Icg.

    They do have an ebay account and probably would run them there if local buyers continue to be uninterested. Buying the Japanese yen looks like a good buy, they may go cheaper. The best chop coin, the 1772 would not straight grade clearly.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,607 ✭✭✭✭✭
    edited April 28, 2023 3:06PM

    As buyers we tend to go for PCGS or NGC or both I would send them there. You will get more money for them as well if they are graded by either company so it is worth it.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • logger7logger7 Posts: 7,962 ✭✭✭✭✭

    @PillarDollarCollector said:
    As buyers we tend to go for PCGS or NGC or both I would send them there. You will get more money for them as well if they are graded by either company so it is worth it.

    I'd definitely prefer those, and would use them on more expensive coins. But when you have to pay $30-$50 a coin and wait until summer, that is a pretty high hurdle to accept. I once sent some Englsh sovereigns and then was told they would be something like $35-$45 each, I declined.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,607 ✭✭✭✭✭

    Try selling them ungraded for a little while and see if you get any interest if not then send to get them graded.

    Collecting interests: Mexico & Peru early milled 1 reales + 1796-1891 US dimes

    Sports: NHL & NFL

    Thank you Lord for another beautiful day!!!

  • logger7logger7 Posts: 7,962 ✭✭✭✭✭

    Thanks again for the advice. I ended up buying several of them.

    This one had been marked "1793" not "1753", one of those curved balls....I kept looking up the former date and "pillar" without any luck.
    "

  • OmegaraptorOmegaraptor Posts: 524 ✭✭✭✭✭
    edited May 2, 2023 8:44AM

    The thing with pillars is that in the last few years, US collectors have suddenly decided that Spanish-American coinage is REALLY AWESOME and prices have skyrocketed. The trick is to find those dealers that are a couple years behind the curve on price or use Krause.

    Here is a Pillar Dollar I bought from my LCS for $175. Weighs right and matches a known die pair. Wiped obverse and chopped but otherwise XF. A few years ago this would have been about what a dealer would expect to charge… now it’s quite a bit more.


    "You can't get just one gun." "You can't get just one tattoo." "You can't get just one 1796 Draped Bust Large Cent."

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