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Mexico 1/2, 1, 2, 4, and 8 Reales  1732 to 1771
Mexico 1/2, 1, 2, 4, and 8 Reales 1732 to 1771

These old coins from Spanish Mexio are great collectibles. Lots of people lump these coins together under a generic term 'pillar dollar,' but there are other designs with pillars also, so be careful you are looking at the right coin. The denominations are 1/2, 1, 2, 4, and 8 reales, which are predecessors of America's 5, 10, 25, 50 cents, and one dollar.

The coins have different Spanish kings during different periods of time. For coins with this pattern, the kings of Spain were Philip (Phs), Ferdinand (Ferd, Ferdnd, Frdnd, Frd), and Charles (Carlos, Carolus, Carolvs, Carol, Car). Look for the name on the side with the shield and crown. The coin in our picture has King Charles (Carolvs) III name on it.

The capital M with small o (oM or Mo) is the mint mark for Mexico City. Pillar dollars from other countries can be worth more than those from Mexico, but not always. You will find coins like these issued in Spanish colonies Columbia, Guatemala, and Peru. To identify which is which, subtle differences must be sought out.

For many more details on these and related Spanish Colonial collectibles, including pictures and values, click to this CoinQuest link.

Be sure you understand what 'catalog' means. Use the Important Terminology link at the upper left.

The first 1732 8 reales was issued in Mexico City and is very rare. Modern reproductions of it are common and worth a few US dollars, depending on silver content. Please view our appraisal page for the modern replicas at this CoinQuest link.

Beware also of coins dated 1752. There is a well-known counterfeit of this date, shown here.

Here are typical catalog values for coins like our picture between 1732 and 1771 in US dollars. These values apply (approximately) to all dates (an assayers initials) except as noted below the listings. Be sure to check the Important Terminology page (link at upper left) to interpret these values properly.

1/2 REAL, 16 mm diameter 0.050 troy ounces silver
worn: $30
average circulated (like our picture): $120
well preserved: $180

1 REAL, 21 mm diameter 0.100 troy ounces silver
worn: $35
average circulated (like our picture): $100
well preserved: $160

2 REALES, 26 mm diameter 0.200 troy ounces silver
worn: $45
average circulated (like our picture): $140
well preserved: $200

4 REALES, 33 mm diameter 0.399 troy ounces silver
worn: $120
average circulated (like our picture): $280
well preserved: $600

8 REALES, 39 mm diameter 0.798 troy ounces silver
worn: $100
average circulated (like our picture): $200
well preserved: $300

There are *better dates* in these series. We have cited the important examples below with catalog values for coins in worn condition. Coins in better condition are worth more:

1/2 REAL
1732: $400
1733: $300

1 REAL
1732: $500
1733: $150

2 REALES
1732: $800
1733: $450
1750 PHS V D G HISP ET IND R: $500 (must have Philip)

4 REALES
1732: $2000
1733: $1500
1764: $400
1765: $350
1766: $350

8 REALES
1732: extremely rare, beware of counterfeits
1733 MF: $700
1754 MM: $250
1762 MF: $500
1763 MM: $400

Be sure to use our Important Terminology link to interpret these values.

Coin: 1197 , Genre: Colonizers and Colonies
Requested by: Brian, Fri, 04-Sep-2009 02:00:13 GMT
Answered by: Paul, Sat, 18-May-2013 19:02:32 GMT
Reviewed and updated by CoinQuest, appraisal ok., Wed, 27-Aug-2014 13:50:50 GMT
Requester description: 1757 Silver piece of eight Two faces if the globe between the Pillars of Hercules at the Straits of Gibraltar with 'plus vltra'(more beyond) was spanish bragging they owned the world. Two Globes. Coin used around the world. U.S. legal tender until 1857. VTRAQUE VNUM FERDND HISPAN ET IND REX VTRA QUE
Tags: mexico 1 2 4 8 real reales reale car automobile carol globe globes crown shield philip vtraque vnum ferd karolus charles karol carolu charlie carolvsvidg carolus carolvs ferdinand frd furdinand ferdinandvs ferdnd frdnd ferdinan ferdinandus furdinan ferdin phs silver piece peice pieces eight two pillar piller pillars hercules straits gibraltar plus ultra vltra spain espana spainish hispan espanas hispanirvm spanich hispana espania espa spanish hisp espanola world worlds legal tender et ind rex vtra utraque que coat arms coats crests insignia crest creast wave waving wavy wavey waves column columns upright crowned tiara crwon crpwn crowns tiarra crowning tiera earth ball ribbon

  

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Thu, 28-Aug-2014 11:03:39 GMT, unknown: 1660311