1759 Guatemala Ferdind VI, 8 reales,Spanish Colonial Silver DOS MUNDOS COINAGE

What's it worth?​

1759 Guatemala Ferdind VI, 8 reales, Spanish Colonial​

Silver DOS MUNDOS or PILLAR COINAGE ​

THE COIN THAT YOU SEE IS THE ACTUAL COIN.​

This is a highly collectible eight reales of 1759, Guatemala mint, pillar type with similar crown; rare, very fine "DOS MUNDOS or PILLAR Spanish Colonial COINAGE".

Overview:

"G"(Guatemala)- the origin or mint where the coin was struck'1759' - the year of mintage'P' ( Pedro Sanchez de Guzman) - assayer's initial'8' reales- denomination of the coins'Ferdind VI' - the ruling monarch Design

OBVERSE:the crowned Pillars of Hercules and the crowned hemispheres of the Old and New World floating on the sealegend PLUS ULTRA, which means "further beyond", on the scroll the twines on the pillarsdepicted the Spanish colonial domination of both Old and New World with the latin inscription -- "VTRAQUE VNUM", meaning the union of two worlds.REVERSE:the crowned Coat of Arms of Spain, along with the Latin legend "FERDIND-VI-D-G-HISPAN-ET- IND-REX" (Ferdinand VI - By the grace of God; King of Spain and the Indies.)

For additional history on these types of coin, you may check out my blog on this : Coins and History: The famous "pieces of eight"- ...

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I'll happily buy it for silver value!

 

Thanks a lot for your response. Can you please educate this newbie why this is a problem coin? Short of sending you the coin, what other picture views do you need to verify if damage has been repaired for this one?
Thanks.

 

I hope it worth more than that...:smile. Thanks for the offer..

 

I see the same thing as GDJMSP only because my father has one just like this and his doesnt have damage so I looked at his and It looks different than this one. Im new to this but I do agree on the damage part. How would they have repaired it tho??

 

Wow! I did not see that.... Thanks Zander08 and GDJMSP for pointing it out. Anyway, considering everything, what is this coin's worth now?

Thanks.

 

Amazing coin

 

Thanks K2Coins... Glad to see your so "relaxed" today..:smile

 

To me it looks like PVC damage, with the fields being smoothed afterwards to remove the pitting, but I may be wrong. Probably worth 40-60% of the undamaged price.

 

Thanks Jerome..Can you please educate a newbie like me..what's PVC damage and how can you confirm if this was done? If so,would you know what's it worth now with PVC damage? Thanks.

 

The chemical compound polyvinylchloride, a common constituent of old plastic coin flips (and some cheap modern ones), will react with silver and base metal, corroding the surface of the coin. To my (fairly untrained) eyes, it looks like that's what caused the yellow residue on both sides of the coin, and some of the damage has been "corrected" on the obverse. Worth about $200 if not less. It's a scarce issue.

 

Thanks a lot Jerome...much appreciated...:hail:

edited - you ARE NOT allowed to post comments like that ! That makes twice that you have done so. DO NOT do it again.