939 | Spanish Monarchy

Automatically generated translation

PHILIP V (1700-1746). 8 Reales. (Ar. 26.58g/38mm). 1733. Mexico MF. (Cal-2019-1439). Normal crown. Very Fine. Very rare specimen.

“The column pieces from Mexico from 1732 and 1733 have always had a great attraction for collectors from the New and Old World. On the one hand, they are the first string coins produced in America, and therefore, they are a very direct antecedent of the issuance of silver dollars by the United States and 8 Reales and Pesos produced with the same metric by the countries Hispanic Americans after Emancipation. And on the other hand, the specimens produced in these years necessarily had to be minted in a very small number (...). Furthermore, it seems evident that these coins from 1732 and 1733 had a quasi-evidence nature, since their purpose was not to produce circulation (which was still carried out with the issuance of macuquina coins in these two years), but to verify the operation of the machinery imported from Spain and verify the definitive way in which it should be installed in the new Mint.”
Ernesto G. Guinea.