First 8 Reales Coin

I am hoping it is ok with the original member for this post, to add some pics of coins I am interested in buying.

So far this thread looks like it has some very good information on 8R Spanish coins.

I hope my pictures are good enough to get some good opinions. I see 8r coins every once in a while and would like to get enough knowledge to know what I am buying.

1787







1825

Both of those are genuine - the 1787 may have been cleaned but both are OK.

The edge picture of the 1787 shows one of two edge die laps (very short) out of line - if that same feature or a matching length feature appears exactly opposite that edge picture that you have NO WORRIES.

$25 wold be a great bargain I'd think. The two recent coin shows I have been to in NC had 8 reales over $100.
Take a look at the Ma shop prices as well,
http://www.ma-shops.com/shops/searc...by=preis_eur

I would offer $65 on the 1787 and $45 on the 1825 and if they were on ebay I would also figure I would loose at those prices but they are fair.

I pay $35 up for counterfeit portraits run of the mill. So $25 may be an insulting offer to the dealer unless he is buying at melt and is basically taking advantage of the people he buys from.

A fair price is fair for BOTH parties.

"What do you think a fair price would be to offer on buying these coins? I am thinking $25.00."

Melt for an 8R (and for the 1787?!) is fair? Frankly, either you have zero concept of pricing on these (and thus, logically, you can't legitimately have a notion of what "fair" is)... OR, you DO have some concept of prices and you know better...

The 1825 is in less-than-average grade wear-wise, and has a small attempted piercing (12 o'clock both sides)... Your average 1825-JL is VF30ish with maybe a few ticks or some light hairlines can be had in the $60 range. This piece should be commensurately less - probably a $40-45 piece.

Now, the 1787... Unless the dealer is a complete rube (is there an acknowledged spelling for "rube"?), he would be well within his rights to tell you to go ____ yourself if you offered $25 on that piece (of course, whatever he paid is not a concern to us, save for moral judgment). Strong XF detail. Definitely wiping hairlines there, but hard to tell how bad from the overexposed pic. Also, some remaining peripheral luster present. If not hideously hairlined/brushed in hand, you're easily in the $125-150 range on ebay or from any halfway-knowledgeable dealer. Even for the local yokel seller, this is about as common and popular a "foreign" coin series as you can get, not some obscure series from Whocaresistan where they might see two in their life.

Bob, you're obviously very much an active participant in the 8R market (though perhaps looking at a different end of it than most people). What are you basing that $65 price on? .... and "If they were on ebay I would also figure I would (lose) at those prices"? I misread that at first... but you mean if you bid $65 for that piece on ebay, you would lose the auction (by a LOT), yes?

PS - Plonker, on the other end of the spectrum... Keep in mind, MA-Shops is generally reflecting strong "dealer-retail" pricing... Those are all professionals and they are fully aware of what can be squeezed out of a piece.

So you're then mainly referring to your own pricing strategy in regards to the CCs...

"Originals that are cleaned", though... "Cleaned original" could mean a polished-to-death chopped-up VG-F Washington Mint piece... OR can be a piece like this with XF+ detail but some wipemarks. HUGE difference! The amount of detail left on the 1787 pictured brings a premium.

Regarding just throwing up a just-in-case lowballs on the Bay... rarely these days do (genuine not CC!) Charles III Mex 8R (or even Charles IIII), properly titled and categorized, ending in prime time, fail to fetch the expected price level.

I did not mean to start anything negative.

I would like to say, if I did know what these (8r's) sold for I would not have asked. I have never purchased a spanish coin, so I thought I would asked opinions.

I am in different coin shops at least 5 days a week. I have seen coins like this in the past, and know I have seen some sell in the $35 to $40 dollar range. I too am in a small town area, if a coin like this was on display in a local shop in this area, and trying to get $100 range .. it would sit for years.

I did do a short search on ebay, to me the ones with bids were ship wreck coins in slabs. If a seller is sending his coins in to be slabbed .. that takes away a lot of profit on a $100 coin. But .. again I was not looking at these coins to sell .. just to add something different to my collection. And I am curious, how coins like these may have circulated in the united states ..pre 1858.

In my opinion to call a dealer a "rube" if he does not pay what you think he should pay is sort of insulting. A good dealer has to pay a fair price on a coin based on what he can sell it for at his shop. Any seller has the right to not sell if he does not like the price. Not all dealers sell online, so that is not always a fair guide for everyone or every area.

I buy a lot of coins ...every week. I am fully aware of price guides being retail and greysheet (CDN) being wholesale. Most all coins I buy at greysheet or back of greysheet, or even melt sometimes below melt.

I know coins like these are not in greysheet .. and how I buy using Kruase is another story.