1807 Ocho Reales - But Is It Real?

pls The coin is in my opinion a "Bullion Forgery". A coin produced unofficially in the 1870-1930 time frame that was made for export to China. The coins were produced in many locations possibly including Mexico to meet the desires of the Chinese merchants who preferred HIGH GRADE Bustman coins. To facilitate trade and to get a 5% or higher premium being paid by the Chinese - many groups made these coins. The US government entered negotiations to build a mint in California to make Bustman coins. The coins are typically FULL WEIGHT, FULL ALLOY SILVER and they conform to the originals in most ways. They are difficult to detect. Most remain undetected.

In this grade that is actually good news for you because an original and a bullion forgery are treated identically by the vast majority of collectors. There are very few dealers who draw the distinction. The lower grades especially are essentially the same value because Collectors of Bullion Forgeries would normally be looking for a higher grade trying to detect surface anomalies. So at this grade there will be reduced interest from both groups of collectors.

So it is sort of up to you how you classify the coin. It is real silver, approximately 100 years old minimum, it did see actual circulation and it passed as real. It may actually be a Mexican restrike (but I doubt it based on the edge). If you want to be technical it was not what it represented itself to be.

The weight translation is about 26.5 grams which is good for the observed wear. The coin did circulate extensively and I would believe it was silver and will test near 10.3. The die work is typical of the original issues.

The clue to status is the edge. Notice the square sided circles. Also I think I can see the start of diagonal grip marks on the right side. Hard to see the diagonals for sure.