Scarce Bolivian 8 Reales Cob~1730-P M~ngc XF45

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Author	Replies: 4 / Views: 3,699
clembo Valued Member United States 442 Posts	Posted 09/24/2009 7:36 pm For those of you that remember the Bolivian coinage we had roll into work several weeks ago, this is part of it. There were a total of eight 8 Reales cobs in the set. NOT stuff we really deal with. We sent four to NGC. All are legit and now I have a bit more information to help me look them up further. Three are KM10 as is noted on the holders and struck under the reign of Phillip III from 1596-1621. All came back as XF40 with one being noted for an obverse scratch. So I did a bit of digging and figured they should sell for $300-400. So my boss decided to put a few on ebay with a $200 reserve. One of the two he wanted to put up was the 1730 and he did this before I could do any research. Luckily I caught it in time. If I'm not mistaken this is KM# R31a. The 1730P M as listed on the holder. Book price in XF40 is $9000! Now I am NOT strong on this stuff at all. Anyone that is and wants to verify it or even tell me why I might be wrong it would be appreciated. Just hope I'm right! clembo Report this Post to the Staff

Archraz Pillar of the Community United States 3499 Posts	Posted 09/24/2009 8:00 pm Wow, that is a beautiful cob. I really can't tell the difference between KM R31a and KM#31a. I believe that the former is a normal cob strike and the latter are Royal Strikes. Often royal strikes appear fairly well struck and flat, unlike normal cobs, which were literally just slices of silver off the end of a bar which were then hand-struck. Report this Post to the Staff
jfransch Pillar of the Community United States 1801 Posts	Posted 09/24/2009 10:59 pm That is a beautiful cob but I doubt it would be considered a royal. I believe it is a KM31a , not a KMR31a. It just doesn't have the look of a royal. Royals look different than your regular cobs, they were struck as presentation pieces and rarely have planchet cracks like the reverse side at 4:00. Still a beautiful coin and one that should bring a nice price from a cob collector Report this Post to the Staff
clembo Valued Member United States 442 Posts	Posted 09/25/2009 12:55 am Quote: That is a beautiful cob but I doubt it would be considered a royal. I believe it is a KM31a , not a KMR31a. It just doesn't have the look of a royal. Royals look different than your regular cobs, they were struck as presentation pieces and rarely have planchet cracks like the reverse side at 4:00. Still a beautiful coin and one that should bring a nice price from a cob collector Thanks for the feedback on this. I really am clueless on these coins other than the Krause books and that sure doesn't make me an expert. Report this Post to the Staff
swamperbob Pillar of the Community United States 5362 Posts	Posted 09/25/2009 7:15 pm I concur that the coin does not appear to be a Royal Strike. It is missing the entire lower date and the flan was not prepared. The Royal Strikes were struck on prepared planchets not on rough cob cuts. They were essentially proofs for the dies (showing the entire design) but they are referred to as Royal because I believe they were presented to the King. I can not find a citation for that fact but I believe it is correct or at least sounds good. They are exceptionally rare. In the days of hand hammered cobs - they didn't care too much about getting the entire design to show. They were far more interested in coining the tons of silver coming out of the mines. Your cob is a great example of a normal cob with NEARLY full detail. I am sure NGC would have called it a Royal Strike if it was one. But that said I for one would appreciate knowing when these hit ebay. Report this Post to the Staff
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