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1855 Mexican ?

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aladinslamp's Avatar
United States
3076 Posts
 Posted 01/28/2010  10:20 pm Show Profile   Bookmark this topic Add aladinslamp to your friends list Get a Link to this Message Number of Subscribers
I've had this in a drawer for some time, I thought this was the place to figure it out.....Its an 1855 mexican ?any Idea's, worth anything?....I don't mean big money....$.10 or a buck? thanks
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Archraz's Avatar
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 Posted 01/28/2010  11:29 pm  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
aladinslamp- I am very curious as to what you have, but without pics there really is very little that I can tell you. So please post some.
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aladinslamp's Avatar
United States
3076 Posts
 Posted 01/29/2010  12:46 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
dang'it(nicer words) I thought I had posted them.....let me try again....and thanks for your interest....here some pics.....

1855-Mexican-???

1855-Mexican-??? thanks or your help,,,,,,,..........G
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ElleKitty's Avatar
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819 Posts
 Posted 01/29/2010  05:27 am  Show Profile   Bookmark this reply Add ElleKitty to your friends list Get a Link to this Reply
It is fairly worn, but the legend tells me that it is a Half Real piece from the Zacatecas mint in Mexico. I'm sorry but I have no clue on value, but it is worth more than a dollar.


I found a rather interesting page giving the history of the PESO. You might take a peek at it. :)


http://www.chicagocoinclub.org/proj...PiN/ccp.html
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aladinslamp's Avatar
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 Posted 01/29/2010  12:15 pm  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
the article was fascinating. really ties a lot of things together,
also the coin at the very bottom with the eagle is this coin, what does the "10D20G mean?is it likened to 20 cents/centavos?
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ElleKitty's Avatar
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819 Posts
 Posted 01/29/2010  11:07 pm  Show Profile   Bookmark this reply Add ElleKitty to your friends list Get a Link to this Reply
10D20G stands for 10 dineros and 20 grains of silver in the coin. It guarantees the fineness of the silver in the coin- just like the .999 does.
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swamperbob's Avatar
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5362 Posts
 Posted 02/17/2010  1:09 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
The half Reale in question appears to be real - grades VG to Fine and is about average for an 1855 from Zacatecas. They are worth somewhere in the $5 to $10 range.

The coin would have been legal tender in the US until 1857 and was worth 6 1/4 cents US. The 8 Reale system developed in Spain was the basis of the US dollar but in the states they used decimals of the dollar and not 1/8ths. The stock market still uses the 1/8ths system a holdover from 2 centuries ago.

The 1/2 reale is a 1/16th of a dollar. If you have ever hear the expression "Two bits" it is a reference to a 2 Reale coin. There are 8 bits to the dollar (each bit is 1 reale). This goes back to colonial times when you could make change by cutting an 8 Reale coin into "bits" - half a coin 4 bits - a quarter was 2bits, etc.

According to J.L. Riddell who was the melter and refiner for the US mint in New Orleans before the Civil War - Spanish American coins (primarily Mexican) constituted 90% of the silver coins in circulation in Louisiana in 1845. So this little Mexican coin has a great claim to actually being an early US Republican coin.

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aladinslamp's Avatar
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 Posted 02/18/2010  12:30 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
Thanks Kitty and Bob, the history from before and the mintages from all mints and the 2 bit was really cool, thanks alot for sharing!
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