Rare birds, those Colonial PILLAR & WAVES maravedis are!
The design is that of a Lima mint 1740 8 Escudos (the Lima and Potosi mint did use the Pillar style for silver cob reales also, but with somewhat different placements - date, etc.). While very crude, the piece is correct on the basic Lima gold design arrangement.
The 8 Esc. was a ~27 gram gold coin... While this piece has some age to it (and more character than the usual "1736" 8E copy that's been sold in tourist shops and salted onto beaches to mess w/metal detectorists for 50 years), it's certainly a modern tribute or imitation rather than any contemporary counterfeit of that period.
2nd time I've seen one... I didn't realize it was quite so undersized.

The design is that of a Lima mint 1740 8 Escudos (the Lima and Potosi mint did use the Pillar style for silver cob reales also, but with somewhat different placements - date, etc.). While very crude, the piece is correct on the basic Lima gold design arrangement.
The 8 Esc. was a ~27 gram gold coin... While this piece has some age to it (and more character than the usual "1736" 8E copy that's been sold in tourist shops and salted onto beaches to mess w/metal detectorists for 50 years), it's certainly a modern tribute or imitation rather than any contemporary counterfeit of that period.
2nd time I've seen one... I didn't realize it was quite so undersized.




















