Mexico Silver 8 Reales Portrait & Pillars Average Circulated

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This coin is Spanish and its colonies, but of the entire world! These classics are widely known as "Pillar Dollars" from the pillars that appear on the reverse of these hard workers.

The coin is a Mexico (colonial) Portrait 8 Reales, Assayer TH. The coin features a bust of King Charles IV of Spain. The abbreviated Latin legends are CAROLUS IIII DEI.GRATIA and continuing on the reverse HISPAN. ET IND. REX or in English, Charles IV by the Grace of G-d, King of Spain and the Indies.

The reverse shows a crowned shield with alternating castles and lions (representing Castile and Leon in Spain). The Pillars of Hercules are on either side.

This long running series was minted all over Latin American and in Spain and was, at the time, the world standard for money. Actually, the “Milled Dollar” or as it was known later the “Pillar Dollar” precedes the Portrait issues by a good number of years. It is true that the United States monetary system was modeled on the Pillar and Portrait 8 reales and in fact these coins were sanctioned as legal tender by the U.S. Congress until 1858.

Contains .7850 oz actual Silver weight.

Obverse: Various Laurel Busts of the King of Spain facing right.

Reverse: Crowned arms shield surrounded by legend.

Struck at the Mexico City mint.

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