1776 8-Reales Mexico City Mint

Discussion in 'What's it Worth' started by iPen, Dec 22, 2015.

  1. iPen

    iPen Well-Known Member

    It's got decent details.

    Scratches throughout, esp. noticeable in the fields. Most are not too deep though.

    Probably cleaned at one point over its 200+ year history, assuming that it's authentic.


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  3. Seattlite86

    Seattlite86 Outspoken Member

    Someday, I hope to own one of these historic coins, great year too! :)
     
  4. iPen

    iPen Well-Known Member

    Yeah, I made it an effort to buy this at the specific year, it took a while...

    I'm probably going to send it off to NGC.

    There's a slabbed 1776 on sale now and it has a really nice counterstamp on it.

    But it's going for some big kahunas.
     
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  5. Seattlite86

    Seattlite86 Outspoken Member

    Please follow up with a post if you send it off for grading. Great choice!
     
  6. iPen

    iPen Well-Known Member

    Definitely :)
     
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  7. iPen

    iPen Well-Known Member

    By the way, here's the 1776 8 Reales Mexico City coin graded XF40 that I can't get out of my mind. It's got "acceptable damage" (British countermark), which IMHO gives the coin more character and history. The location of the countermark is also well placed at the more-or-less "plain" center of the coin.

    It'll be a challenge, and I can't get over the asking price as it seems really high... but if it comes down in price to acceptable levels, I think I'll sell my current one to subsidize the one below. I'd probably take this over a problem-free XF-45 or AU-50 grade, and be done with upgrading this coin.

    Figuring out what this should be worth would be nice to know, as the countermark makes it tricky to find comparable data:

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    Last edited: Dec 24, 2015
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  8. Seattlite86

    Seattlite86 Outspoken Member

    I couldn't agree more. Gorgeous coin; I would love to own that, even over an XF/AU of the same.
     
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  9. iPen

    iPen Well-Known Member

    What would be a "fair" price (or what would you "reasonably" pay) for this 1776 8-Reales Mexico City mint coin in XF-40 with a different Euro-government's official counter-stamp?

    Thanks in advance!

    [​IMG]
     
  10. iPen

    iPen Well-Known Member

    In other words, I want to know the lowest I should offer without lowballing. Thanks!
     
  11. mark240590

    mark240590 Rule Britannia !

    These are really expensive pieces Bank of England issues. They're technically an emergency issue to the lack of silver in the Napoleonic wars and were valued 4s9d that's why there were sayings of 2 kings and not worth a crown. These are the 2013 values the most up to date I have :(

    ImageUploadedByTapatalk1452767072.595462.jpg

    I don't have a Counterstamp type yet but I do have x2 completely Overstruck dollars both showing 8 reale undertype one identified as an 1808 Peru mint :)
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    Last edited: Jan 14, 2016
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  12. iPen

    iPen Well-Known Member

    Should I send this one in for conservation? Usually I like tarnish, but it's not consistent tarnish and the color falls apart unnaturally. I think if it improves by even one grade, despite it still probably getting a Details grade, it would be worth it to me. Even if it's the same grade but has a marked improvement in eye appeal, then at least I can sell it more easily to subsidize my upgraded, future purchase of that counter-stamped 1776 example above.

    Thanks for this :)

    I see that the counter-stamped prices are in pounds, so that's about 1.5x USD. Add to that the desirability of the 1776 Mexico City year/Mint, and I think it should hit pretty close to or higher than the $2K mark for XF grade.
     
    Last edited: Feb 4, 2016
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