We are offering a 1754 MM silver 8 reales from Mexico. There is heavy wear and numerous chop marks on this coin. The scratches on the obverse are test marks that functioned similarly to the chop marks to determine that the coin was really silver during the time it circulated. There are crop marks that cut into the coin, as well as a stamp on the front that acts as another chop mark. This coin more than likely circulated extensively in Asia, and many other places across the world. In our opinion, we believe this coin to be in fine condition.

The Spanish dollar was the coin upon which the original United States dollar was based, and it remained legal tender in the United States until the Coinage Act of 1857. Because it was widely used in Europe, the Americas, and the Far East, it became the first world currency by the late 18th century. Aside from the U.S. dollar, several other currencies, such as the Canadian dollar, the Japanese yen, the Chinese yuan, the Philippine peso, and several currencies in the rest of the Americas, were initially based on the Spanish dollar and other 8-real coins. Diverse theories link the origin of the "$" symbol to the columns and stripes that appear on one side of the Spanish dollar.

T-2 - XZFSM - 4/12 - BC
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DISCLAIMER: Please examine the photos carefully and purchase based on the condition you see and believe the item is. We do not offer any of our currency or coins that are raw with grades, we offer them only with photos and our asking price. We will state our opinion, but, you be the judge of the quality of our raw currency and coins. We will not specify or guarantee a grade unless the coin or currency has been professionally graded by PCGS, NGC, or PMG.

Please note on older coins such as the one offered here that it is not uncommon for them to have noticeable environmental damage, cleaning, or other defects. This is normal for coins of this age. We do our best to provide good pictures you can enlarge and make your own judgment from and in most cases, we will offer our opinion. Grading is not a science but rather an opinion!