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| Spanish Colonial Cob Coin 1570 to 1780 |
DESIGN: You can use the guide below to properly review the coin:
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| OBVERSE |
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| REVERSE |
"A" - the origin or mint where the coin was struck
"B" - the year of mintage
"C" - assayer's initial
"D" - denomination of the coins, in this case "8" for 8-Reales
"E" - the ruling monarch
These old coins from Spanish Mexio are great collectibles. 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 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 Colombia, Guatemala, and Peru. To identify which is which, subtle differences must be sought out.
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 III name on it.
OBVERSE:
The design represents the
crowned Pillars of Hercules and the crowned hemispheres of the Old and New
World floating on the sea. On the scrolls that twines around the pillars is the legend PLUS ULTRA (further
beyond) . You can also see the Latin inscription "VTRAQUE VNUM" (the union of two worlds) which depicted the
Spanish colonial domination of both Old and New World
with .
Fast
fact
When
Charles I (1516-1556), the first Hapsburg monarch, sailed for Spain from Netherlands Pillars of Hercules with scrolls that twines around the
pillars. The scroll bore the young monarch's motto - Plus Ultra.
The
origin of the pillars and "PLUS ULTRA" are traced to the legendary
Greek hero Hercules. On his journey to capture a 3-bodied monster on the
island of Erythia ,
he erected two pillars on the sides of the Straights of Gibraltar between
Europe and Africa . During those time, it was
thought to mark the edge of the world- in Latin -- "Ne Plus
Ultra" (Nothing lies further). Charles
I removed the word "Ne" and carried "Plus Ultra" as his
motto in his ambition to expand the Spanish Empire beyond its European
possessions during that period. Note that Magellan discovered the Americas
It
was ironic though that it was in the period of this coinage that Spain
REVERSE:
The crowned Coat of
Arms of Spain with the Latin legend "PHILIP (or FERDND/FERDIND VI)
-V-D-G-HISPAN-ET- IND-REX" (Philip V/Ferdinand VI - By the grace of God;
King of Spain and the Indies.
HISTORY:
The Royal Cedula (Decree) of 9 June 1728 by Philip V
(1701-1746) brought a new age into Spanish colonial coinage. Minting of milled-type coinage with a screw press replaced the hammered-type macuquinas. Also a new design for the silver Real, showing the majesty and domination of Spain during
the period, was also introduced.
The new design used a screw press that worked by rotating a
weighted lever. It pressed an upper and lower die together on a blank planchet
and with the intense and even pressure of the press, the planchet would be
evenly and fully struck and would be of the same thickness.
Quality was supervised by two assayers, with both adding their initial to each
coin. The (macuquina) cobs were used to be supervised by only one assayer. For
the eight reales coin, an additional special collar was used to produce an edge
design, giving a protective corded edge consisting of a design resembling a
tulip. Any clipping or filing would be immediately evident. Because of their
uniform size, weight without cracks or uneven edges and their deep full strike
with all information clearly visible, they were difficult to clip or
counterfeit. Testament to this is being popular with merchants in the Orient.
Although these designs were actually struck from Spanish
American mints, they circulated not only in the American colonies, but also in
the Orient, including the Philippines .
It was actually the chief currency during the forty period (1732 - 1772) of its
luster. Not only was striking beauty contributed to the popularity of the
series, but also it was highly regarded for its silver content and weight.
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Tags: DOS MUNDOS COINAGE , PILLAR COINAGE , PILLAR dollar COINAGE , pieces of eight, Spanish, Old World of Europe, Europe, Old World , New World of the Americas and the East, New World , Americas , East, cobs, assayer, Columbia, Colombia, Guatemala, Peru, kings of Spain , Phillip, Fderdinand, Ferdinand, Charles, Pillars of Hercules , Charles I (1516-1556), Ferdinand the Catholic, Magellan, Hercules, Royal Cedula (Decree) of 9 June 1728 , Royal Cedula (Decree) , Philippines, Minting of milled-type coinage, Minting , milled-type coinage, hammered-type macuquinas, macuquinas
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