Discussion in 'World Coins' started by Browns Fan, May 21, 2018.
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Where is the graffiti?
Reverse is the 3rd picture under the others. With a stronger glass, I can see some hairline type scratches at about 8 o'clock.
Sorry I missed the thumbnail. Unless this is on the slab, I see scratches here, in the box.
Graffiti are writing or drawings that have been scribbled, scratched, or painted, typically illicitly, on a wall or other surface, often within public view.
I guess scratched is the usage.
I considered it a good price at $125, although I couldn't find anything to support that. Previous sale was listed on the PCGS website and showed $69. So he flipped it and made money and I'm happy too.
TrueView really shows off the obverse toning. @GDJMSP has answered about the mintage, but why do you care? Examples from this year are no more scarce than any other for this type. Yours was minted during the conflict for independence -- even so, the Potosí mint continued to churn out large quantities of 8 reales. Independence armies from Buenos Aires took over the mint in 1813 and 1815 to produce their own coins but as they were forced to retreat the Royalist issues started right back up. The last issues of this type were minted in 1825.
I have one 1822 PTS PJ 8 reales in my collection. It's an NGC certified AU-55 and I paid $169 in 2012.
One interesting connection with your coin is that this type definitely circulated in the U.S. even through the Civil War. I've just acquired this obsolete bank note from the Corporation of Richmond Virginia issued on April 19th, 1861 and it has a very similar coin's reverse pictured as the example of one dollar.
Thanks for your response. I hadn't been aware of TrueView. Mintage is just a piece of information I like to have. If I think the mintage is significantly low, I list it in my database. I didn't think I had a rarity with this one, just a nice example. That's an interesting note!
edited to fix quote tags
The price you mention is a fair price.
Potosi continued to mint coins for the Spanish king Fernando VII until 1825. Alto Peru (present day Bolivia) with is mint at Potosi was the last major hold-out of the Spanish crown in the Americas. You coin was minted very close to the end of a very long period, almost 300 years, of Spanish dominion in Latin America.
This coin in my collection dated 1824 was the last major issue struck by the Spanish crown in the neighbouring Viceroyalty of Peru at the capital, Lima.
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