960 Silver Coin 1813

The coin is an over strike of a Spanish-American Portrait 8 reales that was used in Brazil. Brazil had a silver shortage and re-coined 8Rs raising their value to 960 reis so they would not be hoarded or melted for the silver.

This type is from the Bahaia mint not Rio. It is my personal favorite mint. It was smaller than Rio with more die variation. There are also guide boos to individual die rarity for Bahaia.

You need to look for the under type and date if possible. If the recoining was eccentric like your coin you have a better shot at recognizing the coin underneath. Coins with the under type are worth more than if it is uncertain. Based on the surviving text the coin is colonial Spanish in origin. The mint mark should be directly above the S in SIGN. The rarest are over strikes over US heraldic dollars. I even know of one that is struck over a US dollar that has a counter stamp of the Bank of England under it.

The 1813 B version is a common date with numerous die pairs.

The counterfeit versions are worth a bit more than originals and an original stamp on a counterfeit host is likely worth 50% more. An original in this grade should be worth $75 to $100. A counterfeit about $100.

There are some counterfeits where the 8R details are also forged that is a better type (my opinion) but worth about the same amount.

Nice coin let us know what it was struck over.

Why are the counterfeits worth more than the originals?