8 Real Coin For $49.00

http://www.govmint.com/item/8-Reale...8REALEWEB/79 Does this look like it?

I really don't know much about them or value. I wonder what the grade would be since it's obviously a stock photo.

The coins are from the shpwreck "El Cazador" and IMHO are not worth the price unless you really want a shipwreck coin from that wreck. Cazador coins tend to be very corroded and have a strange color to them. Once again in my opinion, they were not properly conserved after being found. If you want a nice 8 reale coin, you can buy a problem free VF grade coin for the same you would pay for this coin considering shipping costs. Find a reputable dealer (or go to a coin show)and try and look at various different examples so you can see what the different coins look like and get a feel for grade/price. Collecting "8s" can become an addiction but you will need to educate yourself, the field is full of both contemporary counterfeits and cheap Chinese fakes. There are great resources here on the forum always happy to share knowledge and information.

When you see ads where they want you to use a code when you order, it doesn't mean you get a better price, what it does is tell the seller which ads are getting people to call so they can track their marketing dollars. When I used to advertise for my business I used a different phone number for each publication so I could keep a record of which ads were generating calls.

I have seen one of these first hand, all dated 1783, and must agree that the $49.00 version is deeply corroded and would grade P -AG. They also have had a $79.00 option in slightly better shape. The hook on these coins are the "shipwreck" factor which really doesn't add value on poor quality. Once you have seen any of the Pillar or Bust 8 Reales in XF or better condition, you'll get hooked as I did a couple of years back. The history behind these gems goes far beyond the pirate treasure stories.

GovMint.com = stay away.