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Potosi full date 1678 cob

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Valued Member

United States
75 Posts
 Posted 03/08/2012  08:52 am Show Profile Bookmark this topic Add mikelley to your friends list Get a Link to this Message

Picked this up in Madrid. A full date 1678 cob from Potosi. Rather beat up but date is visible.

Mike





Valued Member
United States
85 Posts
 Posted 03/10/2012  7:51 pm  Show Profile Bookmark this reply Add hammerrob to your friends list Get a Link to this Reply
Nice! ... an 8 Reales cob is pretty high on the never-ending list of coins I want to acquire!
Pillar of the Community
France
1303 Posts
 Posted 03/11/2012  04:30 am  Show Profile Check MathieuMa's eBay Listings Bookmark this reply Add MathieuMa to your friends list Get a Link to this Reply
You have here a very nice spanish colonial 8 reales silver cob, struck by the famous assayer Thomas de Ergueta at the Royal Mint in Potosi Bolivia during the reign of Spain's King Felipe IV (1621-1665).

Ergueta was appointed assayer in Potosi in 1651, in order to deal with the debasement scandal of the late 1640's that produced one of the world's first global financial crises.
Due to the sub-standard silver fineness and low weight of the cobs being produced in Potosi, merchants around the world began refusing these cobs as payment.
Ergueta assumed his new role in 1651 and that year produced the last of the cobs bearing the shield design.

In 1652 the first transitional cobs appeared bearing the new "pillars and waves" design (and with the PH monogram above the pillars), which was adopted in its final form by 1656.
Ergueta was active as assayer from 1651-1679, making him one of the longest reigning assayers during the 199 years of cob production at Potosi.

And I actually have a similar one with the same date :p (hence this long description from my database)
You have two dates on your coin, which makes it very nice (3 is the top - you are missing the bottom one in the grid)
Pillar of the Community
United States
755 Posts
 Posted 03/11/2012  09:51 am  Show Profile Bookmark this reply Add realeswatcher to your friends list Get a Link to this Reply
Quick glance without comparing style elements, pretty sure that's actually 1658 with the Spanish "5"... assayer E, as mentioned, was there through that whole period. Philip IIII vs. Charles II in the legend would confirm, though none of that is visible.
Valued Member
United States
75 Posts
 Posted 03/11/2012  11:46 am  Show Profile Bookmark this reply Add mikelley to your friends list Get a Link to this Reply
Thanks for the correction guys. I mistook the 5 for a 7. Good catch.

Mike
Pillar of the Community
France
1303 Posts
 Posted 03/11/2012  12:03 pm  Show Profile Check MathieuMa's eBay Listings Bookmark this reply Add MathieuMa to your friends list Get a Link to this Reply
I didn't watched the wrong title, that's actually 1658 :)
Here is mine : http://www.numismaticageneral.com/t...-essayador-e
Valued Member
United States
275 Posts
 Posted 03/11/2012  1:00 pm  Show Profile Bookmark this reply Add Larryh86GT to your friends list Get a Link to this Reply
That's a nice looking and very detailed cob Mike. These are very cool coins to treasure. This is my 1678 8 Reale Potosi sea salvaged from the Santa Maria De La Consolacion:





Valued Member
Australia
262 Posts
 Posted 03/11/2012  11:13 pm  Show Profile Bookmark this reply Add nicwinner to your friends list Get a Link to this Reply
nice coin, hard to find in these days :)
Valued Member
Australia
262 Posts
 Posted 03/11/2012  11:14 pm  Show Profile Bookmark this reply Add nicwinner to your friends list Get a Link to this Reply
especially it's in a nice condition :)
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