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<p>[QUOTE="rick, post: 105124, member: 1235"]There is technically nothing wrong with this auction that I can see. I agree with GD that it looks funny, but it's possible to look that funny after being obliterated by more than two dozen chinese chopmarks.</p><p> </p><p>These is no real difference between an 8 reale and an american dollar, as the seller is using it... it's more a matter of jargon, but it has STRONG roots in the development of the American Dollar. 2 bits was 25 cents and based off of 2 reales, so 8 bits was equal to the dollar - and accepted in common trade AS a dollar.</p><p> </p><p>Of course his coin is worth significantly less than the opening bid, but that ain't illegal, just unreasonable...</p><p> </p><p>The only problem that I see is that the coin discriptions seems to imply that it circulated in the US, and while the 8 reales did circulate in the early US, this particular coin obviously was used in Asia and probably never saw US soil until it was obsolete for circulation.[/QUOTE]</p><p><br /></p>
[QUOTE="rick, post: 105124, member: 1235"]There is technically nothing wrong with this auction that I can see. I agree with GD that it looks funny, but it's possible to look that funny after being obliterated by more than two dozen chinese chopmarks. These is no real difference between an 8 reale and an american dollar, as the seller is using it... it's more a matter of jargon, but it has STRONG roots in the development of the American Dollar. 2 bits was 25 cents and based off of 2 reales, so 8 bits was equal to the dollar - and accepted in common trade AS a dollar. Of course his coin is worth significantly less than the opening bid, but that ain't illegal, just unreasonable... The only problem that I see is that the coin discriptions seems to imply that it circulated in the US, and while the 8 reales did circulate in the early US, this particular coin obviously was used in Asia and probably never saw US soil until it was obsolete for circulation.[/QUOTE]
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