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Toying with the idea of buying a spanish milled dollar....

ambro51ambro51 Posts: 13,949 ✭✭✭✭✭
in U.S. Coin Forum
For some reason Id like to get a spanish milled dollar. Can anybody give me a light and breezy overview on them? Prices, average grades, problems with fakes etc etc.

Comments

  • tjkilliantjkillian Posts: 5,578 ✭✭✭
    I'd also like to get one. Those are one of the few coins you can get dated 1776 and know it might have circulated in the colonies during the first American revolution.


    How much can one expect to pay for an average-circulated example? Is counterfeiting a problem with these?
    Tom

  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    Here's a winner and a good starter selection:

    image
    image

    It was in my personal collection until I upgraded.

    Here's a crusty one from the internet:

    image


    Most are cleaned and ugly. Look for one that has some originality.

    The CRO guys usually have these in their EB list, so if this one does not suit you, ask CCU if he has any others.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • ambro51ambro51 Posts: 13,949 ✭✭✭✭✭
    So whats the cheap way out RYK? Im not grade hungry just want a typical specimen, ugly is fine.
  • SonorandesertratSonorandesertrat Posts: 5,695 ✭✭✭✭✭
    If you are really interested in foreign coins that circulated in the colonies and early federal period, get a copy of Will Nipper's book, "In Yankee Doodle's Pocket: The Myth, Magic and Politics in Early America.
    Member: EAC, NBS, C4, CWTS, ANA

    RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'

    CJ: 'No one!' [Ain't no angels in the coin biz]
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>So whats the cheap way out RYK? Im not grade hungry just want a typical specimen, ugly is fine. >>



    I saw one for $85 at the Mount Vernon gift shop two years ago. It was worn and cleaned. Call before you go to make sure it is still there. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭


    << <i>So whats the cheap way out RYK? Im not grade hungry just want a typical specimen, ugly is fine. >>


    Now there's a recipe for future regret.

    I agree with RYK's recommendation of CRO / CCU.
  • bidaskbidask Posts: 14,028 ✭✭✭✭✭


    << <i>So whats the cheap way out RYK? Im not grade hungry just want a typical specimen, ugly is fine. >>

    contact daniel frank sedgewick and ask for a shipped wreck sea salvaged piece.

    will come with an authenticity certificate of the shipwreck too.....
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • rld14rld14 Posts: 2,390 ✭✭✭


    << <i>

    << <i>So whats the cheap way out RYK? Im not grade hungry just want a typical specimen, ugly is fine. >>

    contact daniel frank sedgewick and ask for a shipped wreck sea salvaged piece.

    will come with an authenticity certificate of the shipwreck too..... >>



    I just bought one of those for $15 image
    Bear's "Growl of Approval" award 10/09 & 3/10 | "YOU SUCK" - PonyExpress8|"F the doctors!" - homerunhall | I hate my car
  • bidaskbidask Posts: 14,028 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>So whats the cheap way out RYK? Im not grade hungry just want a typical specimen, ugly is fine. >>

    contact daniel frank sedgewick and ask for a shipped wreck sea salvaged piece.

    will come with an authenticity certificate of the shipwreck too..... >>



    I just bought one of those for $15 image >>

    thats cheap....image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭
    A very nice portrait 8 Reales can be had for $50 to $100.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • ambro51ambro51 Posts: 13,949 ✭✭✭✭✭
    What about the pillar type?
  • DaveGDaveG Posts: 3,535 ✭
    Don't forget the Mexican coins from the 1820 - 1840 period - they're very historic and likely circulated here, too.

    You should ask over on the Darkside - you'll probably get some really good answers

    Check out the Southern Gold Society

  • bidaskbidask Posts: 14,028 ✭✭✭✭✭
    image
    image

    not cheap......
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • bidaskbidask Posts: 14,028 ✭✭✭✭✭
    image
    image
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • notwilightnotwilight Posts: 12,864 ✭✭✭
    I keep expecting to see a milled dollar to be a fine powder....
  • AOEDADAOEDAD Posts: 107 ✭
    watch out for the 1741 and 1776 dollars ..
    many are modern reproductions but not all of them are marked "copy" as they should be.
    Below is link to a 1760 replica:

    Link 1760
    "Authority on Exonumia" - DAD

    "many contacts among the Lumberjacks "

    NGC Registry AOEDAD sets:

    Set #1 Major Expositions
    Set #2 So-called Dollar Collections
    So-called $50 Slug Facsimiles
    Bashlow re-strikes


  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    Here's what I upgraded to:

    image
    image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • numobrinumobri Posts: 1,473 ✭✭✭


    I quit buying these( thay are cool coins) and started buying early dollars, twenty years ago.

    Cool road to go down. Good luck.


    Brian
    NUMO
  • ProofArtworkonCircsProofArtworkonCircs Posts: 4,223 ✭
    ambro51 - this is a surprise. I figured you would be a half escudo type.
    By the way were any ever minted in the Western Hemisphere. Seems like all I have seen or heard of were from the Madrid mint.
  • mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭✭


    << <i>By the way were any ever minted in the Western Hemisphere. Seems like all I have seen or heard of were from the Madrid mint. >>

    Take a look at the coins pictured in this thread- they were all made in Mexico.

    edited to add... well, all of them posted *before* I wrote this, anyway. image
  • PlacidPlacid Posts: 11,299 ✭✭✭
    Cheap way is to buy a 2 or 4 reales instead of a 8.
    This one was minted in Peru.

    image
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>A very nice portrait 8 Reales can be had for $50 to $100. >>



    Live large and get one of these, as a bonus you get a little head...

    imageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • PerryHallPerryHall Posts: 46,839 ✭✭✭✭✭


    << <i>

    << <i>A very nice portrait 8 Reales can be had for $50 to $100. >>



    Live large and get one of these, as a bonus you get a little head...

    imageimage >>



    Britain stamped the head of King George III on captured Spanish 8 Real coins so they could circulate in Britain resulting in the popular saying:

    To make the dollar of Spain
    for 5 Shillings pass,
    stamp the head of a fool
    on the neck of an ass.


    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>ambro51 - this is a surprise. I figured you would be a half escudo type.
    By the way were any ever minted in the Western Hemisphere. Seems like all I have seen or heard of were from the Madrid mint. >>


    Did someone mention 1/2 E? image

    imageimage

    Cheap way is to buy a 2 or 4 reales instead of a 8.

    My minimal experience in this area suggests that, for some reason, the pillar 4R is the most expensive denomination.

    Given his penchant for small coins, the 1/2 R might be ambro's best bet, and they seem to be the least expensive.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • crypto79crypto79 Posts: 8,623 ✭
    My 1804 8R chop Marked
  • mbogomanmbogoman Posts: 5,238 ✭✭✭✭✭
    There were about 20 examples from Mexico and 5 or 6 Peruvian ones in the recently closed Heritage World Coins auction. All condition ranges were available - both slabbed and raw. I picked up what looks like (we'll see when I get it in hand) a nice, lightly toned 1754 Peru in solid XF to add to my dollar type collection. Everything went for more than I expected (based on my research). I got outbid on about 5 slabbed ones and finally ended up with the Peruvian one. Anyway, the auction results should give you a good idea of what's out there and what they are currently going for.

    And as someone mentioned earlier, Sedgwick Coins has a nice selection of old Spanish coins of the colonial era. There are quite a few nice cobs of all denominations available for reasonable prices.

    mbogoman

    Asesabi Lutho

    https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345
  • pmacpmac Posts: 3,189 ✭✭✭


    << <i>

    << <i>So whats the cheap way out RYK? Im not grade hungry just want a typical specimen, ugly is fine. >>

    contact daniel frank sedgewick and ask for a shipped wreck sea salvaged piece.

    will come with an authenticity certificate of the shipwreck too..... >>


    There is a great story that goes with this concerning the politics of the Louisana Purchase. Bottom line of the story is that if the ship hadn't sunk, people west of the Mississippi would be speaking Spanish now (not that they don't now).
    Paul
  • TomBTomB Posts: 22,079 ✭✭✭✭✭
    My experience agrees with RYK in that the 4R appears to be the toughest to obtain and is the most expensive when found.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • FairlanemanFairlaneman Posts: 10,426 ✭✭✭✭✭
    Here is one that I have had laying around forever. On the reverse up on the crown is a very deep stamp. Very different than the other chops.

    image

    Ken
  • pmacpmac Posts: 3,189 ✭✭✭
    Crypto79 and Fairlaneman have original 1804s that were minted in that year. Where they circulated in the US, maybe this is the reason that Jefferson stopped production of US dollars.
    Paul
  • jmski52jmski52 Posts: 23,254 ✭✭✭✭✭
    I enjoy the Pillar Dollar I bought. I'd post a pic except the pic is on my other laptop and I haven't transferred all my old files yet.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • messydeskmessydesk Posts: 20,299 ✭✭✭✭✭


    << <i>ambro51 - this is a surprise. I figured you would be a half escudo type. >>


    Gonna have to agree here. Wasn't the 1/2 escudo equivalent to a gold dollar?

    Edit: And I guess I'll throw my 1804 in for good measure:

    image
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • ambro51ambro51 Posts: 13,949 ✭✭✭✭✭
    The pillar dollar of the 18th century is very interesting to me, and I just want a nice specimen, a raw one with a good amount of wear. I found a good candidate on ebay, and it has a tenative RYK 'seal of approval' even with an old cleaning. Providing the price dosent shoot up like a rocket, its coming here.

    The little gold spanish gold coins in this thread, they are neat and all...but not what Im focused on at the moment.

  • ProofArtworkonCircsProofArtworkonCircs Posts: 4,223 ✭
    << By the way were any ever minted in the Western Hemisphere. Seems like all I have seen or heard of were from the Madrid mint. >>

    I meant this to refer to the gold half escudo only which is gold dollar size.
    There is one pictured (enlarged) elsewhere in this thread and it too is the Madrid mint (crown over M).
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Britain stamped the head of King George III on captured Spanish 8 Real coins so they could circulate in Britain resulting in the popular saying:

    To make the dollar of Spain
    for 5 Shillings pass,
    stamp the head of a fool
    on the neck of an ass. >>



    PerryHall, Thanks as I never heard that saying! image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!

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