Ecuador 8 Reales 1862

The date is 1862 not 1864

There is a 1862 2 reales and a 1862 4 reales, but no 1862 8 reales.

thank you for the info. it is not km# pn8 for sure. the km# pn9 (with no picture) has the reeded edge if you click on select. I was in tool and die for 40 years, the expense to make one poor quality coin would be expensive. why would they (who ever they are) do it?

The coin is a counterfeit - actually a numismatic forgery because it was not made to circulate as money. It was created recently to fool collectors. The coin was created from an image that was transferred using either a computer engraving or electro-deposition method. In any event this die (or mold) was NOT made before the first half of the 20th century.

The reason a forger will make a poor looking product like this is that he can make a small profit selling to a new collector who accepts coins for what they appear to be. He does not need to spend a lot of money making better dies. A classic case of the same kind of terrible forgery selling readily is the 1882 Zs 8 Reales from Mexico. The coins are produced in huge numbers in China where they can be purchased for as little as ten cents US. That coin too is a hideous copy that no one but a novice would believe. Yet they are constantly appearing on ebay posted by people who have gotten scammed or by people who are crooks. Right now there are two types on ebay:

http://www.ebay.com/itm/Republics-M...201373661730

http://www.ebay.com/itm/REPUBLICA-M...161715961473

The first type is newer and not as commonly seen, but the second type has 5 being sold right now. The number of fakes on ebay exceeds the number of genuine 1882 8Rs posted at this time.