1822 8 Reales? Need Help W/Identification

It is a Spanish Colonial 8 Reales from Potosi in what is now Bolivia. It is a common date, value in that grade around $35-$40 would be my guess, the value will fluctuate quickly if silver starts to climb again. Popular type of coin.

I agree - the coin is real - very common but price is a shade low.

The prices are being held down by the garbage that is on the market right now. Too many cheap fakes. The numbers of Class 3 numismatic forgeries is up to nearly 6% overall on ebay based on my study since July 1.

Every time silver is on the upswing the fakes come out in an attempt to draw bidders who know no better.

But here a true price near $50 is about correct in my opinion.

Hi Henry - Book takes most of my time. It seems never ending - trying to get terminology uniform and precise while at the same time eliminating little picky errors.

To answer quickly - there is NO universal agreement on categories of forgeries yet. So each book needs to define its terms. We are doing that for this SPECIFIC CASE.

Universal anythings are difficult when each coin is used differently. What is "counterfeit" is different if you are comparing Maria Theresa Thalers with say Athenian Tetradrachmas or with a Susan B. Anthony dollar - so some tailoring is needed.

We are using a 5 category classification - everything fits in those 5 groups. Some coins need more categories - others fewer. All I can say is to wit for a bit.

My threads should be able to be located by the search feature.