Mexican 8 reale 1788 value?

Discharged

Hello,

I inherited a coin collection and I am going through a few of the ones that I didn't find any good results on google for to get an appreciation of the value. So there might be a few posts from me, and if I am not adhering to forum rules, please let me know asap!

Attaching images of what I believe is a Mexican 8 reale from 1788.

TwoKopeiki

Can you post close-ups and also weight and a picture of the edge. A couple of things on the reverse are raising some red flags, but could be just the angle of the photos.

Discharged

Here are a few more pictures

Discharged

Weight is 26,97 grams, 0,9515 oz

TwoKopeiki

I'd guess XF40/45. Around $350ish. Maybe more since the obverse toning is attractive.

TwoKopeiki

Do you see edge design overlaps? Should be 2 of them 180 degrees from each other. That almost vertical top left lily is bothering me, but it's probably nothing.

Namvet69

Agree with the above on the importance of understanding the edge design overlap significance. Good luck. Peace Roy

Discharged

Gone to bed now, but will take more pictures tomorrow. Is it the top left of the three lilies center of the crest?

realeswatcher

@TwoKopeiki said:
Can you post close-ups and also weight and a picture of the edge. A couple of things on the reverse are raising some red flags, but could be just the angle of the photos.

Roman, this could only be "Class 2" or original regal. It's decidedly NOT any kind of modern numismatic fake - the toning alone says that, never mind the rest. I assume that question is what you're getting at?

Y'know, mainly on CoinComm. I've always thought these one-off pieces from non-collectors (or at least non-collectors of Spanish Col.) just aren't the right time/audience for "Class 2" ponderings. Like, this guy just wants to know how much Dad's stuff can sell for. Someone like that does not care about involved discussions about organized crime relatives, clandestine operations at well-known New England metalsmiths, 20 points which sort of hint at Class 2, Chinese monetary preferences of the late 19th to early 20th century, or getting lab-grade XRF readouts to see if it contains a metal theorized but not yet discovered on Earth. In a case like this, I think all that matters for the OP is that, at this time, 101 out of 100 dealers/auctioneers accept this as kosher.

I'm all for spreading the gospel... I just think in this scenario, it needlessly confuses things for the question-asker.

And besides, this 1788 doesn't even have the goofy windows!!

Discharged

@realeswatcher said:

@TwoKopeiki said:
Can you post close-ups and also weight and a picture of the edge. A couple of things on the reverse are raising some red flags, but could be just the angle of the photos.

Roman, this could only be "Class 2" or original regal. It's decidedly NOT any kind of modern numismatic fake - the toning alone says that, never mind the rest. I assume that question is what you're getting at?

Y'know, mainly on CoinComm. I've always thought these one-off pieces from non-collectors (or at least non-collectors of Spanish Col.) just aren't the right time/audience for "Class 2" ponderings. Like, this guy just wants to know how much Dad's stuff can sell for. Someone like that does not care about involved discussions about organized crime relatives, clandestine operations at well-known New England metalsmiths, 20 points which sort of hint at Class 2, Chinese monetary preferences of the late 19th to early 20th century, or getting lab-grade XRF readouts to see if it contains a metal theorized but not yet discovered on Earth. In a case like this, I think all that matters for the OP is that, at this time, 101 out of 100 dealers/auctioneers accept this as kosher.

I'm all for spreading the gospel... I just think in this scenario, it needlessly confuses things for the question-asker.

And besides, this 1788 doesn't even have the goofy windows!!

Actually, I found the questions to be quite interesting, and it was actually my grandfather's collection.

When I was a small boy I was the only one that had the patience to sit with him and look through all of his collection. So he wanted me to inherit it. It was around 30 years ago that we sat together looking at these coins and medallions.

I inherited the collection around 25 years ago and although I am not a "numismaniac" myself, I feel the connection to my grandfather when sitting with these old coins.

Right now, I am not planning to sell anything. Nor do I think that I ever will.

So this is mainly for two purposes, to get deeper knowledge of the pieces in the collection that grandpa relished the most, and to get an approximation of the value for insurance purposes.

Discharged

Was this what you guys wanted to see?

TwoKopeiki

@realeswatcher you're right. It was, as you say, a "Class 2 pondering" on my end which probably only created unnecessary worry.

@Discharged thanks for providing additional images of the edge design overlap. It looks good. Congrats on a nice coin with some pleasant color. I would get it into a slab before selling to help maximize your profits.

Discharged

@TwoKopeiki I am not in this for selling, this is an injeritance from my grandfather and I am trying to get an approximation of value for insurance purposes.

realeswatcher

Obviously one certain overlap at T in GRATIA.

And looks to be one BARELY discernible, almost perfectly overlapping... overlap at the dot between CAROLUS and III - directly 180 across the coin as it should be.

And yes, nice deep original toning. Thought the reverse might have had a wipe from the first pics, but looks good in the addl. photos.

Around $350ish

@TwoKopeiki, I'm not sure if it's more stunning that this was a $125 coin 10 years ago... or that it's worth that now?!

You picked right at the right time. And can you imagine jfransch??!! He has some STUNNING pillars and portraits... bought when they were nothing. Good on him!

ELuis

Maybe you can end up finding some reference about the value on past auctions for this date on PCGS:
Maybe the AU53 or another a little better...
https://www.pcgs.com/valueview/8-reales-1732-1821/1788-mo-fm-8-r-calico-1132/5284?sn=670167&g=53&h=

https://www.pcgs.com/auctionprices/item/1788-mo-fm-8-r-calico-1132/670167/7017774620299854921

https://www.pcgs.com/auctionprices/details/1788-mo-fm-calico-1132-ms/670167

hth.-

Crazy8s

That is a great coin and the connection to your grandfather just makes it that much more wonderful. Hang on to it and cherish the memories. Your Grandfather was blessed to have you to share his passion for coins with. Did the collection have any other Spanish Colonial pieces? If so, please share some more.
As for value, no guess from me. I have trouble wrapping my 69 year old head around todays pricing. Just glad I was in the right place and had a good job back in the late 70's when the pickings were easy and the prices were very low due to limited demand. So glad I have the coins I have and so glad I have a son who shares the numismatic gene.

Discharged

@Crazy8s said:
That is a great coin and the connection to your grandfather just makes it that much more wonderful. Hang on to it and cherish the memories. Your Grandfather was blessed to have you to share his passion for coins with. Did the collection have any other Spanish Colonial pieces? If so, please share some more.
As for value, no guess from me. I have trouble wrapping my 69 year old head around todays pricing. Just glad I was in the right place and had a good job back in the late 70's when the pickings were easy and the prices were very low due to limited demand. So glad I have the coins I have and so glad I have a son who shares the numismatic gene.

My grandparents traveled a lot, (really a lot to be born in the early 20th century) and he bought one or a few pieces from each trip, so his collection is also a travel journal so to speak, where each piece represented a location or a memory. So for an putsider it does not really have any common denominator.

Sergey74

Discharged, it's interesting to look at another coins your grandfather's collection.