1777-MJ CAROLUS III Peru Spanish Colonial Silver 2 Reales Coin

CAROLUS III (King Charles the 3rd) Spanish Colonial Silver 2 Reales Coin. Please see images for further details regarding the coin.

The silver real was the currency of the Spanish colonies in America and the Philippines. The coins circulated throughout Spain's colonies and beyond, with the eight-real piece, known in English as the Spanish dollar, becoming an international standard and spawning, among other currencies, the United States dollar.

From 1572 to 1773 Spanish colonial silver coins were cobs. Initially cut from a silver bar and hammer struck on a coin die, they were accurate in weight, though sometimes debased in precious metal content. However unlike machined coins, they were often irregular in shape, especially if a too-thick coin was clipped by the mint to reach the proper weight. After 1732 similar, but better shaped cobs were produced on screw presses. Cob denominations were 1/2, 1, 2, 4, and 8 reales. When circulating in New England the larger coins might be cut to give intermediate values; since a real was nicknamed a "bit", the expression "two bits" came to mean a quarter dollar.

Due to the uniqueness of each item, please refer to the photos provided in this auction. We offer high resolution images of each item rather than a written description of condition.

This item is being shipped from the Pristine Auction warehouse.