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Silver Cob Help With Identification

 
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Author Previous TopicReplies: 3 / Views: 196Next Topic  
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United States
112 Posts
 Posted 02/20/2021  11:18 am Show Profile   Bookmark this topic Add dar76124 to your friends list Get a Link to this Message
I found this in a lot of foreign coins. Can anyone tell me exactly what it is? 6.6 grams, about 20mm.

Thanks



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United States
299 Posts
 Posted 02/20/2021  3:04 pm  Show Profile   Bookmark this reply Add Pistareen to your friends list Get a Link to this Reply
You have a two reales from King Ferdinand VI of Spain minted in 1750 at the Spanish Colonial Mint at Potosi. A mountain of silver was discovered there and Potosi became a mining boom town starting about 1565. By 1750 little wood for burning was left and had to be carried in long distance so they made coins using crude methods that used little fuel. Other Spanish Colonial mints had better minting equipment by 1750 with Potosi the last to receive minting technology upgrades.
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3501 Posts
 Posted 02/20/2021  8:33 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
In the early days, it wasn't about making coins for circulation, they were just easier to count and manipulate in chests and casks.

The coins were sent to Spain in yearly treasure fleets (Flotas) and then melted down and recoined into proper Spanish coins to pay the King's debts. Those coins were then melted down and turned into proper coins of various European countries.
-----Burton
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United States
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 Posted 02/23/2021  10:19 pm  Show Profile   Bookmark this reply Add Colmoultrie to your friends list Get a Link to this Reply
Just to add a little bit to Pistareen's answer, there was so much silver in Potosi that for a time it became the largest city in the Spanish Empire!

By the way, beautiful coin! I don't know what "lots" you're getting, but if that coin is any indication, they're nice indeed!
Edited by Colmoultrie
02/23/2021 10:20 pm
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