Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Shop for APMEX Bullion on eBay!Specializing in Modern Numismatics Coin, Banknote and Medal Collectors's Online Mall 300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer Join Thousands of Coin, Bullion, & Money Collectors








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

8 Reales Coin

To participate in the forum you must log in or register.
Author Previous TopicReplies: 26 / Views: 4,225Next Topic
Page: of 2
New Member
Mohur's Avatar
United Kingdom
29 Posts
 Posted 07/08/2011  7:07 pm Show Profile   Bookmark this topic Add Mohur to your friends list Get a Link to this Message Number of Subscribers
I really like these coins and although harder to obtain in the UK, I am currently looking to purchase my first 8 reales coin. Any tips and recommendations on years and mints to look out for would be most appreciated.
Pillar of the Community
Czech Republic
803 Posts
 Posted 07/08/2011  11:25 pm  Show Profile   Bookmark this reply Add TwoKopeiki to your friends list Get a Link to this Reply
Is there a particular 8 Reales design that interests you? There are cobs, pillars, portraits, hook necks, cap and rays, central american republic designs, peruvian designs, just to name a few.
Pillar of the Community
fcrazo's Avatar
United States
651 Posts
 Posted 07/08/2011  11:40 pm  Show Profile   Bookmark this reply Add fcrazo to your friends list Get a Link to this Reply
Since there are so many "8 Reales", figure out what your goal should be. Get some books on the subject. Best general book is one called the The Standard Catalog of Spain, Portugal, and the New World.

I enjoy the ones from Mexico, from the colonial up to the Republic.
Pillar of the Community
Czech Republic
803 Posts
 Posted 07/08/2011  11:43 pm  Show Profile   Bookmark this reply Add TwoKopeiki to your friends list Get a Link to this Reply
Great idea about the catalog, Fcrazo. You can also go to a site like coinarchives.com and search their world section for "8 reales" to see some of the recent auction house sales.

Or you can check out my small set @ http://coins.www.collectors-society...y.aspx?s=800 and see if anything strikes your fancy.
Valued Member
Australia
193 Posts
 Posted 07/08/2011  11:51 pm  Show Profile   Bookmark this reply Add agandau to your friends list Get a Link to this Reply
Mohur, a bit off topic, slightly but I was reading you have bought a Mohur coin in the past. Could you explain why are they so expensive?
Their gold content is about one third of an ounce, so that takes care of $500 but why the huge premium on top of that I can't understand.
Were they very low mintages? Are they hoarded and so very few come onto the market?

Any insight would be appreciated.

Edit: an example, currently on ebay is
British Colonial India Victoria 1879 Mohur Gold Coin
bidding is at $1700+
Edited by agandau
07/09/2011 12:57 am
New Member
Mohur's Avatar
United Kingdom
29 Posts
 Posted 07/09/2011  8:23 pm  Show Profile   Bookmark this reply Add Mohur to your friends list Get a Link to this Reply
Thanks for the advice... I like Mexico, from the colonial up to the Republic too. I was thinking of a cap and rays first... there is a lot of mints and different years though. Will look out for that book too.

agandau - Small mintages, only 19k for 1879 and many were hoarded with older dates melted down, growing indian collectors market. I love the design and feel of these coins too, my absolute fave but the premiums are high. I have an 1862 mohur with the floral reverse and will also obtain an 1841 lion reverse one day. :-)
Edited by Mohur
07/09/2011 8:49 pm
Valued Member
Australia
193 Posts
 Posted 07/10/2011  04:45 am  Show Profile   Bookmark this reply Add agandau to your friends list Get a Link to this Reply
Thank you Mohur, I have a better understanding now.
Pillar of the Community
Czech Republic
803 Posts
 Posted 07/11/2011  09:57 am  Show Profile   Bookmark this reply Add TwoKopeiki to your friends list Get a Link to this Reply
Mohur, if you want to focus on Cap and Rays, pick up "Resplandores" by Mike Dunigan and J. B. Parker. It's THE reference for Republican 8 Reales.
Pillar of the Community
swamperbob's Avatar
United States
5362 Posts
 Posted 07/11/2011  1:46 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
Mohur I agree with TwoKopeiki that Resplandores is THE book - however it is costly $100 or more and it is for more advanced collectors and collectors of the earlier dates. So it's value to you will depend on how far and how fast you want to go.

You can be fairly safe when buying coins from the second Republic (dated after 1867) and even more safe when dealing with the dates made from Standardized dies made in Mexico City (about 1887 onward). These coins were not extensively counterfeited and so far the Chinese have not targeted the group for extensive forgery. Dates to watch for bad fakes are 1882, 1884, 1893 and 1895.

It really depends on what you want to collect. Take some time and look at your options. In the UK, these coins were not used to a great extent. The Portrait colonials were but not Cap and Ray types. I suspect they were imported into the UK but to serve as raw bullion.

There are many ways to collect this series.

Some people want one of each mint - 14 coins not too hard to assemble (couple tougher mints are in there).

Some collectors want one of the First or Last dates (or both from each mint - harder especially when it comes to first dates.

I know of a couple collectors who are doing the eagle varieties. There are quite a few different eagles used. The Sonora eagle is arguably the hardest type - BUT very pretty.

Then there is the one of every date approach which is very easily done as long as you do not worry about the mints involved.

The one of each date and mint is far harder - next to impossible because of the couple unique issues known.

The one of each date, mint and assayer combination is a collection of well over 1400 coins and to my knowledge has never been successfully completed even by Col. Parker (he never owned an 1835 Ho).

You could always shoot for the moon any try to assemble the entire set shown in Resplandores with all of the die varieties listed - also never accomplished - provided you have a few million dollars to spend.

I know of quite a few people trying to assemble every assayer combination ever used including the well known errors. Hard to do but basically not impossible.

Then there are the guys who focus more narrowly on one specific type, like Durango from 1825-1830.

Or even more narrowly all of the dies used in one year like 1835 Zacatecas - which has several hundred die pairs.

I know of many collectors who spend time on one small area and then change focus when they tire of that area. I have done for example wear studies trying to assemble a complete weight set of low grade 8Rs to see how the design wears off.

So I think you get the point - there are as many ways as collectors to assemble a set. Make it fun however.

Personally, my long term goal has been to assemble as complete as possible a set of the Contemporary Counterfeit copies of the Cap and Ray 8R group. I started with the 292 varieties listed in J.L.Riddell's 1845 book "Monograph of the Silver Dollar, Good and Bad" and in 50 years of collecting I am almost half done. Perhaps in another 60 or 70 years I can complete the set. But after a few years, I realized Riddell did not catch all of them. He missed many types - so now I have a very open set to collect since I never know when the next UNIQUE forgery will pop-up.
New Member
Mohur's Avatar
United Kingdom
29 Posts
 Posted 07/11/2011  6:01 pm  Show Profile   Bookmark this reply Add Mohur to your friends list Get a Link to this Reply
TwoKopeiki, thanks for reference
swamperbob - wow a wealth of information you have provided, thank you!

swamperbob, any mints and years should I look out for in particular?
New Member
Mohur's Avatar
United Kingdom
29 Posts
 Posted 07/11/2011  6:03 pm  Show Profile   Bookmark this reply Add Mohur to your friends list Get a Link to this Reply
btw that is some real dedication there swamperbob, you should write a book!
Pillar of the Community
swamperbob's Avatar
United States
5362 Posts
 Posted 07/11/2011  7:42 pm  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
Mohur Regarding the book - I am. Actually two of them. The first is well underway in a collaborative mode with several other serious collectors. It should come out in 1012. The second on the Cap and Rays will take a bit longer. I hope I live long enough to see that one in print - it is my life's work.

Regarding the mints. That is a very open issue. I have many "favorites". Not all are rarities and most are actually counterfeits.

Among the real coins the early Chihuahua's from 1831 to 1838 have always been interesting because of variation and the VERY odd looking bird that was used.

You get the same kind of variation in the Durango early years as well but it is very competitive.

The Zacatecas coins have a distinctive STRONG eagle I have always loved and the varieties are endless but almost all are of the same value.

The earliest Hermosillo dated 1835 with assayer initials PP is a super rarity. It was only known from pictures in Riddell's 1845 book until one copy surfaced in the past 10 years. It was authenticated and recently sold for about $20,000. It is a superb coin that I really thought about bidding for even with a buyer's estimate of $35,000. I only regret I didn't just bid $25,000 as I originally planned - I might have won but then again that would have put a serious crimp in the budget.

The 1861 Hermosillo FM is one of my favorite coins because the eagle is spectacular. It is the Sonorra eagle design that was too beautiful to be struck successfully. It is a VERY rare to Extremely rare coin most available date is 1862. It is even spectacular on the counterfeit version and far less costly.

As far as real rarities - they are still out there. As are many undiscovered varieties in the series that sell as commons because they are unknown.

But I personally think it is the discovery not the value that motivates me.

Good luck with the series and before you spend too much money get Resplandores.
Pillar of the Community
Czech Republic
803 Posts
 Posted 07/12/2011  3:52 pm  Show Profile   Bookmark this reply Add TwoKopeiki to your friends list Get a Link to this Reply
Looking forward to the book, Bob!
New Member
Mohur's Avatar
United Kingdom
29 Posts
 Posted 07/16/2011  5:17 pm  Show Profile   Bookmark this reply Add Mohur to your friends list Get a Link to this Reply
Thanks for the tips Bob, I shall look forward to the book!
New Member
bobstam's Avatar
United States
47 Posts
 Posted 07/18/2011  10:20 pm  Show Profile   Bookmark this reply Add bobstam to your friends list Get a Link to this Reply
Looking forward for the books!
New Member
Mohur's Avatar
United Kingdom
29 Posts
 Posted 07/24/2011  10:42 am  Show Profile   Bookmark this reply Add Mohur to your friends list Get a Link to this Reply
Hi there,
I've seen a good example of a coin... can anyone confirm from pictures whether it is real or fake?

8-Reales-Coin

8-Reales-Coin

thanks
  Previous TopicReplies: 26 / Views: 4,225Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.43 seconds to rattle this change. Forums