I bought this is 2017 for a low modest price. It’s in nice shape and it’s dated 1783. It’s a 1 Silver Real from Mexico. A small piece of the coin is broken off but I’m fine with that. Graded and slabbed by NGC and certified as Genuine.
Yes that's the first thing I noticed That coin was minted a few years before my detected find Half Reale
I should have kept the few 8 reals that I picked years ago but they were bringing good money and people were Snapping them up...3x the money was hard to pass on.
Pulled the completed eBay sales on this wreck so there are real numbers sitting next to the nostalgia. 30 dated closings, last 90 days. What jumped out is that the price does not track the silver at all: 8 reales, n=19, $163.50 to $1000, median $269.00 4 reales, n=2, $599.00 and $998.00, both 13 Sep 2 reales, n=5, $175.00 to $289.95, median $199.00 1 real, n=1, $72.00 on 10 Sep, NGC, auction 1/2 real, n=3, $40.00 to $72.55 The 4 reales is outselling the 8 by two to three times while carrying half the metal. My read is survival mix rather than demand, everybody who bought off the salvage wanted the big piece of eight so that is what sits in every case today, but the read is mine and the numbers are the numbers. Collecting Nut, for yours. One dated 1 real in 90 days is not a market, so treat that $72 as a single data point and not a price. It is bracketed on both sides though, half reales closed $40.00 to $72.55 and 2 reales started at $175.00, so a 1 real lands somewhere near $70 to $120 rather than the $200 to $400 the 8 reales photos in this thread would suggest. NGC slabs this whole hoard Genuine with no grade either way, so the missing piece does not move you out of the lane, it moves you inside the band. The thing worth checking is whether the break is on the edge or through the design. Edge breaks are ordinary on salvaged silver and buyers barely blink at them. rte, the 3x you remember is still partly there, but today it is a format number and not a market number. Same 8 reales, same 90 days: auctions n=4 median $173.25, buy it now n=15 median $299.00. That is 1.73x for doing nothing except waiting instead of taking the first bid. Sharpest pair is $163.50 at auction on 13 Sep against $299.95 buy it now on 17 Sep, four days apart. If they were getting snapped up at 3x, you were almost certainly on the retail side of that spread. One row I left out of the averages, a 1737 pillar 8 reales attributed to the wreck closed at $1000 on 10 Sep. Different type and date, priced as a pillar dollar first and a shipwreck coin second.
