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<p>[QUOTE=&quot;reales, post: 62191, member: 3724&quot;]<b>your 1786 Santiago 8 Reales</b></p><p><br /></p><p>You appear to have a very interesting coin.&nbsp; The 1991 edition of Monedas Españolas by Cayón &amp; Castán give a value of 300,000 Ptas., which at that time would have been more than $2000.&nbsp; While the value would be expected to differ noticably now, 14 years later.&nbsp; The most helpful feature is that the coin at that time was valued many time higher than those of other Spanish colonial mints of the same year.&nbsp; Bottom line--the coin may well be valuable if it can be determined to be authentic.&nbsp; The obverse seems to show significant indication of perhaps corrosion such as that due to land burial and subsequently cleaned.&nbsp; Yet the coin shows significant patina that would rule out this theory.&nbsp; Careful evaluation by an authority in such coinage would be well worth the effort.[/QUOTE]</p><p><br /></p>

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