8 Real Spanish Mexico / Kingdom of New Spain (1519 - 1821) Silve ...

Mexico, Charles III. Colonial Silver 8 Reales Coin. Spanish Pillar Dollar!

Denomination: 8 Reales
Mint Mark: Mo (Mexico)
Reference: 1769-MoMF, KM-105.
Diameter: 39.5mm
Weight: 26.84gm
Material: Silver

Obverse: Crowned Spanish coat-of-arms, assayers’ initials and value on either side.
Latin Legend: * CAROLVS . III . D . G . HISPAN . ET IND . REX * / .MF* / 8
Expanded: CHARLES III DEI GRATIA HISPANIARUM ET INDIARUM REX
Translation: "Charles III by the Grace of God, King of the Spains and the Indies"

Reverse: Crowned hemispheres (two different crowns!), set on Gibralter, between crowned and banner-entwined pillars of Hercules. All set on ocean, mintmark in legend, date in exergue.
Comment: Here we have the scarce variety with imperial crown with two arches on left pillar!
Latin Legend: VTRAQUE VNUM * Mo * I769 * Mo *
Translation: "On both sides / Unity"

The Spanish dollar (also known as the piece of eight, the real de a ocho, or the eight real coin) is a silver coin, worth eight reales, that was minted in the Spanish Empire after a Spanish currency reform of 1497. It was legal tender in the United States until an Act of the United States Congress discontinued the practice in 1857. Through widespread use in Europe, the Americas and the Far East, it became the first world currency by the late 18th century. Many existing currencies, such as the Canadian dollar, United States dollar and the Chinese yuan, as well as currencies in Latin America and the Philippines peso were initially based on the Spanish dollar and other 8 reales coins.

Charles III (January 20, 1716 – December 14, 1788) was King of Spain 1759–88 (as Carlos III), King of Naples and Sicily 1735–59 (as Carlo VII and Carlo V), and Duke of Parma 1732–35 (as Carlo I). He was a proponent of enlightened absolutism.

On August 10, 1759, his half-brother Ferdinand VI of Spain died, and Charles III left the Neapolitan/Sicilian dominions to go to Madrid. His second son would eventually rule in Spain as Charles IV. His third son would unify the Kingdom of Naples and Kingdom of Sicily to form the Kingdom of the Two Sicilies and ruled as Ferdinand.

As king of Spain, his foreign policy was marked by the alliance with France (the Family Compacts) and the conflict with Britain over the control of the American possessions. His support for France in the close of the Seven Years' War led to the loss of Florida to the British, although this was partly compensated by the acquisition of the French Louisiana. The rivalry with Britain also led him to support the American revolutionaries in their War of Independence despite his misgivings about the example it would set for the Spanish Colonies. During the war, Spain recovered Minorca and Florida, but failed to capture Gibraltar.

His internal government was, on the whole, beneficial to the country. He began by compelling the people of Madrid to give up emptying their slops out of the windows, and when they objected he said they were like children who cried when their faces were washed. In 1766, his attempt to force the madrileños to adopt the French dress for public security reasons was the excuse for a riot (Motín de Esquilache) during which he did not display much personal courage. For a long time after, he remained at Aranjuez, leaving the government in the hands of his minister Pedro Pablo Abarca de Bolea, Count of Aranda. Not all his reforms were of this formal kind.

Charles was a thorough despot of the benevolent order, and had been deeply offended by the real or suspected share of the Jesuits in the riot of 1766. He therefore consented to the expulsion of the order, and was then the main advocate for its suppression. His quarrel with the Jesuits, and the recollection of some disputes with the Pope he had had when King of Naples turned him towards a general policy of restriction of what he saw as the overgrown power of the Church. The number of reputedly idle clergy, and more particularly of the monastic orders, was reduced, and the Spanish Inquisition, though not abolished, was rendered torpid.In the meantime, much antiquated legislation which tended to restrict trade and industry was abolished; roads, canals and drainage works were established. Many of his paternal ventures led to little more than waste of money, or the creation of hotbeds of jobbery; yet on the whole the country prospered. The result was largely due to the king, who even when he was ill-advised did at least work steadily at his task of government. He created the Spanish Lottery and introduced Christmas cribs following Neapolitan models. During his reign, the movement to found "Economic Societies" (a rough prototype Chamber of Commerce) was born.

His example was not without effect on some of the nobles. In his domestic life King Charles was regular, and was a considerate master, though he had a somewhat caustic tongue and took a rather cynical view of humanity. He was passionately fond of hunting. During his later years he had some trouble with his eldest son and daughter-in-law. If Charles had lived to see the beginning of the French Revolution he would probably have been frightened into reaction. As he died on the 14th of December 1788 he left the reputation of a philanthropic and philosophic king, still nicknamed "el rey alcalde" ("the king mayor") because of the public works in Madrid. In spite of his hostility to the Jesuits, his dislike of friars in general, and his jealousy of the Spanish Inquisition, he was a very sincere Roman Catholic. Charles was responsible for granting the title "Royal University" to the University of Santo Tomas in Manila which is the oldest in Asia.

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Posted by: anonymous  2015-05-01
1766,MEXICO. 8 Reales, 1766/5-MoMF. Charles III (1759-88). NGC EF Details--Surface Hairlines.KM-105; Cal-type-101#903; Gil-M-8-46a; FC-45b. Scarce overdate.Pedigree: From the David Gray Collection. Ex: Stack's Bowers & Ponterio Sale #172 Lot #11078 November 15, 2012.

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Posted by: anonymous  2015-05-01
1765,MEXICO. 8 Reales, 1765-MoMF. Charles III (1759-88). NGC AU-53.KM-105; Cal-type-101#901; Gil-M-8-45; FC-44a. Single arc crown. Dark attractive toning.PCGS#: 106226Pedigree: From the David Gray Collection. Purchased Private Treaty from Frank Sedwick January 30, 1992.

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Posted by: anonymous  2015-05-01
1763,MEXICO. 8 Reales, 1763-MoMF. Charles III (1759-88). NGC AU-58.KM-105; Cal-type-101#897; Gil-M-8-42; FC-41b. Lustrous and appealing with mild peripheral toning.PCGS#: 149876Pedigree: From the David Gray Collection. Ex: Early American Numismatics Lot #382 September 16, 1995.

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Posted by: anonymous  2015-05-01
1763,MEXICO. 8 Reales, 1763/2-MoMM. Charles III (1759-88). NGC VF Details--Chopmarked.KM-105; Cal-type-101; Gil-M-8-43c; FC-42c. RARE. Lower arc in central crown on pillars side. Infrequent and unobtrusive chopmarks. Toned.Pedigree: From the David Gray Collection. Ex: Ponterio & Associates ...

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Posted by: anonymous  2015-05-01
1763,MEXICO. 8 Reales, 1763/2-MoMM. Charles III (1759-88). NGC VF-20.KM-105; Cal-type-101 (overdate not listed); Gil-M-8-43b; FC-42a. VERY RARE assayer for this date. NGC slab tag erroniously lists the assayer's letters as MF. Single arc crown. Nice attractive old toning.Pedigree: From the Davi ...

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Posted by: anonymous  2015-05-01
1763,MEXICO. 8 Reales, 1763/2-MoMF. Charles III (1759-88). NGC VF Details--Scratches.KM-105; Cal-type-101#895; Gil-M-8-42c; FC-41d. Scarce overdate. Single arch crown. Several light unobtrusive scratches on both the obverse and reverse. Lightly toned.Pedigree: From the David Gray Collection. Pu ...
Articles
The Pillar Dollar   The "Pillar Dollar" is a term commonly used to refer to the Spanish silver coin known as the Spanish Milled Dollar or Spanish 8 Reales coin, which was minted during the colonial period in various Spanish territories, including Mexico. It was the most widely circulated coin in the Americas during the 16th to 19th centuries and was a crucial par ...

Collections: Add to Basket Sold for: $570.0
Info: http://www.noble.com.au/auctions/lot/?id=245563 Estimate $500 S ...
SPAIN, Charles III, half escudo, 1788 Seville (KM 425.2), 1788M Madrid (KM.425.1); Ferdinand VII half escudo, 1817 GJ Madrid (KM.492); Isabella, twenty reales, 1861 (KM.610); ...

Collections: Add to Basket Sold for: $72.0
Info: https://www.ebay.com/itm/404628142064 2023-11-27
1803 Mexico 8 Reales Coin America's First Silver Dollar Spanish PCS Folder

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Info: https://www.ebay.com/itm/186183071178 2023-12-14
1765 MO MEXICO PILLAR 8 REALES SILVER DOLLAR HIGH GRADE CHOPMARKS ORIGINAL COIN
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