1789 Spanish Coin - 2 Reales? Authentic? Worth?

Discussion in 'What's it Worth' started by Rhino89, Oct 8, 2010.

  1. Rhino89

    Rhino89 "Roubles"

    Hey, guys, I haven't received this coin yet but I won it in a recent lot (When I was bidding I ignored the potential value of it since I did not know anything about it). Anyways, I won the lot and now this one is on the way to me:

    I know it's Spanish, and I see the 1789. My guess is 2 Spanish Reales? Is it authentic? I'm not sure if you guys can tell from the pictures or not. And what is it worth in this condition?

    [​IMG]

    [​IMG]
     
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  3. Mat

    Mat Ancient Coincoholic

    Be nice to see the edge but it looks authentic to me and in that condition....maybe $25/$30 or so.
     
  4. Rhino89

    Rhino89 "Roubles"

    As soon as I get it in the mail, I'll post pictures of the edge... what kind of edge should these have? This is my first coin from pre-1800, and all my references start at 1800-modern, so I can't even check anything about it. I appreciate it!
     
  5. Rhino89

    Rhino89 "Roubles"

    I got a copy of the Krause 1701-1800 coin catalog, but was surprised to find that my coin's mintmarks were not in there... in the book it was almost all "FM" while my coin has what looks like " I I " or " I J " after the "2R" denomination...

    anyone know what mint used II or IJ? I tried looking for a list of the mintmarks online and found nothing :(
     
  6. DCH

    DCH Member

    It's from Lima, Peru KM#85.1. "IJ' are the mint assayers initials.
     
  7. Rhino89

    Rhino89 "Roubles"

    Got it today!

    Received the coin today, here are the scans:


    [​IMG]


    [​IMG]


    The edge is SMOOTH. I saw photos online of edges that these coins should have, but could it be that mine is just so worn down that the edge has gotten smooth over 200 years due to wear? I mean the coin is like a F at best... still looks authentic? Any features that imply a couterfeit?
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    The edge being smooth bothers me some as it should not be, even with that wear. But I see nothing that makes me think it's fake.
     
  9. swish513

    swish513 Penny & Cent Collector

    could the edges have been shaved?
     
  10. rick2

    rick2 New Member

    the coin is autentic
    Lima 1789 IJ
    its the variety with the bust of Carlos III so its worth slightly more
    in that grade its a 5-10$ coin

    regards
     
  11. GDJMSP

    GDJMSP Numismatist Moderator

    Extremely unlikely. The edge design on these coins was added after the coin was struck. It's unusual, because of the way it was done, for that edge design to be weak, but it's possible. And it's possible that it was merely worn off. But I've never seen one that was, and I used to collect them.

    But if it was a fake there would be other tell tale signs besides the edge - and there isn't. At least not that I can make out in the pics.
     
  12. Rhino89

    Rhino89 "Roubles"

    Hmm... I thought it would be wear because of the fact that the outer rim and denticles are practically gone. Would the edge still retain its design after such rough handling? You would know more about these than me - do you know if the edge design is engraved deep into the coin to remain there even after heavy heavy wear?
     
  13. stealer

    stealer Roller of Coins

    Doug is a firm believer that rims don't get ground down even with heavy wear. I would say it's possible, but in this grade I would think that at least some of the rim should be discernible.
     
  14. Rhino89

    Rhino89 "Roubles"

    Any other ways I can authenticate it? Even if the edge is wrong, it seems no other features suggest a counterfeit :( ? Sorry, It's just unusual to find a coin where I can't clearly label it as a real specimen, and so I'm not sure what to do with it.
     
  15. rick2

    rick2 New Member

    look

    the coin is genuine , you dont need to worry
     
  16. GDJMSP

    GDJMSP Numismatist Moderator

    I agree with Rick. But you can weigh the coin, that also adds credence to its being genuine.
     
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