How much is an 8 reales coin worth?

How much is an 8 reales coin worth?

Total Silver content in the coin is 90% and the Silver value of this coin is USD 11.574 ,Silver value is claculated with a spot price of USD 14.88/ounce….1772-1832 First United States Silver Dollar Spanish 8 Reales.

What does Vtraque VNUM mean?

The reverse also has the letters “VTRAQUE VNUM”, referring to the Old and New Worlds, “Both are One”, and the date at the bottom, with mint marks on both sides. Specimens from other mints fetch much higher values due to their rarity.

What are Spanish reales worth?

These reales were supplemented by the gold escudo, minted 68 to a mark of 11⁄12 fine gold (3.101 g fine gold), and valued at 15–16 silver reales or approximately two dollars.

What is a pillar dollar?

To U.S. collectors, the Pillar dollar, the 8-real coin struck between 1732 and 1772, is possibly the most iconic foreign coin of the 18th century. Handsome, common examples from the Mexico City Mint in Very Fine condition can sell in online auctions at the $150 to $200 level.

What is a piece of eight coin?

The Spanish dollar, also known as the piece of eight (Spanish: Real de a ocho, Dólar, Peso duro, Peso fuerte or Peso), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497.

What is a silver Reale?

The silver real (Spanish: real de plata) was the currency of the Spanish colonies in America and the Philippines. This coin, called the real de plata fuerte, became the new standard, issued as coins until the early 19th century.

What does 2 bits 4 bits 6 bits a dollar mean?

2 bits, 4 bits, 6 bits, a dollar. In sequence that means they are describing 25 cents, 50 cents, 75 cents, a dollar. Thus a bit is half of 25 cents. Spanish dollars were deemed equivalent in value to a U.S. dollar. Thus, twenty-five cents was dubbed “two bits,” as it was a quarter of a Spanish dollar.

How much is a doubloon worth today?

The gold doubloon contains 26.66 grams of gold – slightly less than an ounce – and was worth $16 at the time, around $400 today.