8 escudo purchase - some info needed

Discussion in 'World Coins' started by Swervo513, Mar 15, 2023.

  1. Swervo513

    Swervo513 Well-Known Member

    Hello all,

    I recently found this sweet 8 escudo from the local coin shop. I paid $1900 and thought it was a steal. I can’t ID the mint mark and assayer. It seems to be in VF condition. What would you guys value this at? Hopefully I didn’t get fleeced.

    thanks
    Larry

    00D01DD9-623E-4AA0-974B-0AB84E063E32.jpeg FC2BE9E8-BC73-4764-A98E-E0339F4F8D61.jpeg
     
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  3. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

    Mintmark is Santiago, Chile (the one mint that actually kept good mintage figures). Mintage is 40k.
     
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  4. expat

    expat Remember you are unique, just like everyone else Supporter

  5. Swervo513

    Swervo513 Well-Known Member

    Looks like I may have overpaid a bit.
     
  6. expat

    expat Remember you are unique, just like everyone else Supporter

    The value you see on the link is an average of realised sales. None listed for 1794, you can search e--bay sold items for your coin and see what comes up.
     
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  7. Swervo513

    Swervo513 Well-Known Member

    It’s been hard to find any info online about this specific year mint and grade. What would you guys value this at? And grade it at?
     
  8. Kentucky

    Kentucky Supporter! Supporter

    upload_2023-3-15_13-47-44.png

    Not exactly yours, but just for reference.
     
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  9. Evan Saltis

    Evan Saltis OWNER - EBS Numis LLC Supporter

    Santiago, Chile as noted above. The mintmark is an S with a halo, still the same one used today.
     
  10. lordmarcovan

    lordmarcovan Eclectic & Eccentric Moderator

    Looks good to me, generally speaking.
     
  11. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

  12. Swervo513

    Swervo513 Well-Known Member

  13. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

    Luckily NGC pricing typically isn't accurate. Judging by other Santiago 8Es that have sold, you did fine.
     
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  14. Swervo513

    Swervo513 Well-Known Member

    Thanks that makes me feel better!!
     
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  15. Chris B

    Chris B Supporter! Supporter

    You did fine, in my opinion. You hardly ever see one of these for sale for less than $2K, regardless of the date and mint.
     
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  16. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

  17. Swervo513

    Swervo513 Well-Known Member

    Thanks all. Looking like a VF 30 to me. What do you all think?
     
  18. Chris B

    Chris B Supporter! Supporter

    It could even be a few points higher. The bust is the high spot and most noticeable. Add to that, most were not that well struck. The mints were going for quantity over quality. I tend to grade these by the legends.
     
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  19. rte

    rte Well-Known Member

    Well you paid up for the 200+ year cool factor.
    If you were looking for melt, those aren't the ones to buy.
    History in your hand...$1900 I'd say you did good.
    Is there a bit of Biogeochemical Growth on the reverse?
    Attributed to which shipwreck and how long it's been under water add to the story.
    Screenshot_20230317-090110~2.png
     
    Last edited: Mar 17, 2023
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  20. Swervo513

    Swervo513 Well-Known Member

    I’m going to have to take a closer look. Good eye!
     
  21. rte

    rte Well-Known Member

    Maybe ask the lcs if they have a back Story on the coin.
     
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