Peru: silver 'cob' type 8 reales ('Piece of Eight'), 1699-R

Peru: silver "cob" type 8 reales ("Piece of Eight"), 1699-R
Obverse: Cross of Jerusalem, lions and castles in quarters.
Reverse: PLV/ SVL/ TRA between pillars of Hercules.
KM24, .931 silver/.8102 oz. NGC VF30, cert. #2063600-003. Ex- "topstuf", Collectors Universe, 9/21/2015.
This is not my first piece of eight, but my first cob of any denomination, unless you count the coblike 1658 4-maravedis* piece I dug while detecting at a Spanish mission site on St. Simons Island, Georgia. But that is copper. I like the beveled look of the flan on this coin. These primitive coins are as individual as snowflakes, and each has a character of its own.
According to some (probably apocryphal) sources, the term "cob" comes from the Spanish cabo de barra, or "end of the bar", but this may be a misnomer, since these coins were not probably struck from silver sawed off the end of a bar. They were, however, with the exception of rare "royal strikes", crudely struck and irregular in shape. Another popular nickname these have is "piece of eight", and that is correct enough, for the denomination was eight reales in this case. Cobs were also struck in smaller silver denominations of 1/2, 1, 2, and 4 reales, and also in gold denominations of 1/2, 1, 2, 4, and 8 escudos. Because the value doubles with each larger denomination, the gold coins were often referred to as "doubloons". The gold doubloons and silver pieces of eight struck in the Spanish colonial mints have a long, romantic history and are popularly associated with shipwrecks and pirates, since they were the mainstay of commerce in the New World and later the 8-reales coins inspired the U.S. dollar.


NGC cert verification page (no images, but does have a link to the NGC/Krause catalog valuation page)
Wikipedia links:
Spanish dollar
Pillars of Hercules
Spanish Empire (the New World)
Peru (Conquest and Colonial period)
When posted here, this coin was part of my "Eclectic Box of 20" collection.
Obverse: Cross of Jerusalem, lions and castles in quarters.
Reverse: PLV/ SVL/ TRA between pillars of Hercules.
KM24, .931 silver/.8102 oz. NGC VF30, cert. #2063600-003. Ex- "topstuf", Collectors Universe, 9/21/2015.
This is not my first piece of eight, but my first cob of any denomination, unless you count the coblike 1658 4-maravedis* piece I dug while detecting at a Spanish mission site on St. Simons Island, Georgia. But that is copper. I like the beveled look of the flan on this coin. These primitive coins are as individual as snowflakes, and each has a character of its own.
According to some (probably apocryphal) sources, the term "cob" comes from the Spanish cabo de barra, or "end of the bar", but this may be a misnomer, since these coins were not probably struck from silver sawed off the end of a bar. They were, however, with the exception of rare "royal strikes", crudely struck and irregular in shape. Another popular nickname these have is "piece of eight", and that is correct enough, for the denomination was eight reales in this case. Cobs were also struck in smaller silver denominations of 1/2, 1, 2, and 4 reales, and also in gold denominations of 1/2, 1, 2, 4, and 8 escudos. Because the value doubles with each larger denomination, the gold coins were often referred to as "doubloons". The gold doubloons and silver pieces of eight struck in the Spanish colonial mints have a long, romantic history and are popularly associated with shipwrecks and pirates, since they were the mainstay of commerce in the New World and later the 8-reales coins inspired the U.S. dollar.


NGC cert verification page (no images, but does have a link to the NGC/Krause catalog valuation page)
Wikipedia links:
Spanish dollar
Pillars of Hercules
Spanish Empire (the New World)
Peru (Conquest and Colonial period)
When posted here, this coin was part of my "Eclectic Box of 20" collection.
0
Comments
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
World Collection
British Collection
German States Collection
Best, Brandon
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My sets: [280+ horse coins] :: [France Sowers] :: [Colorful world copper] :: [Beautiful world coins]
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In this condition.
And slabbed.
<< <i>Man, that is sweet LM. I can't tell anyone in my family this because they will think I am totally crazy, but every time I go to the ocean, I secretly hope one of these will be lying at the surf line as I walk down the beach.
In this condition.
And slabbed. >>
I totally know what you mean, except for maybe the slab part.
Until I do here is Walt Disney's Cob:
Spanish silver 8 reales "piece of eight" 1685 given to Walt Disney in 1950 to celebrate the completion of the
feature film "Treasure Island", which was filmed in Great Britain in cooperation with a British film company.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
<< <i>I would like to own a Cob. >>
Well, I would like to own an aureus, and I know you have one. So... wanna swap?
Minted under King Carlos II of Spain (the bewitched) in Lima Peru by mintmaster Miguel de Rojas Jr .(capital R left of 99)
Andres
8 Reales Madness Collection
My YouTube Channel
Walt Disney had one and now I have one:
Spanish America silver eight reales "cob" type 1685 Potosí (Charles II)
Silver, 39mm x 40mm, 25.11gm
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
I think cobs are underarated.
I give away money. I collect money.
I don’t love money . I do love the Lord God.