1754 Mexico Ferdnd VI, 8 reales, Spanish Colonial Silver DOS MUNDOS COINAGE

What's it worth?

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1754 Mexico Ferdnd VI, 8 reales, Spanish Colonial​

Silver DOS MUNDOS or PILLAR COINAGE ​

ABOVE IS THE ACTUAL COIN IN MY COLLECTION.​

This is a highly collectible eight reales of 1754, mint, pillar type, ("different crowns") royal crown and imperial crown (1754. México. MM. 8 reales. Columnario. real - corona imperial.) This date marks the transition between "crowns alike" and "different crowns" (this coin specimen)-"DOS MUNDOS or PILLAR Spanish Colonial COINAGE".

OVERVIEW:

M 'o' on top' (Mexico) - the origin or mint where the coin was struck
'1754' - the year of mintage
'MM' - assayer's initial
'8' - denomination of the coins
'Ferdnd VI' - the ruling monarch

DesignOBVERSE: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 "FERDND-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"- DOS MUNDOS or PILLAR COINAGE 1732 - 1772

 

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Thanks GDJMSP.

edited

 

Does anybody know much about these Pillar Dollars? I am thinking of acquiring one tomorrow that a guy claims he dug here locally. Its in very nice condition, but worn for its age, looks nice and has a nice feel to it. He wants $250 and I would say the condition is closer to this one:

Would that be a fair price especially considering it was a local find (hes found 3 over the years, and I have little reason to doubt his story as he has tons of civil war stuff hes found over the years for sale as well, so he appears to be legit about his digging/detecting finds)

 

That price seems to be the average price for that grade, so it's no bargain. Compare to other offers on eBay and see if it's worth it for you. No rush.

 

I just wanted to make sure I was in range. All of eBays 1752s are between $300-$500 except for one at $250. But also none of eBays coins were found in my home town, plus I also get the chance to possibly trade this guy some old bottles for this coin so I'm pretty sure it's a sweet deal either way for me. I was really just looking around for advice and any problems to look for

I appreciate the reply tho.

Oh and I really like this coin, I live the scalloped edge around it, feels really cool when you're holding it