sippingsauce1979
3h ago
COINS
Antique Coin
Key Facts & Value
Key Fact
Description
This is a Spanish colonial silver cob, commonly known as a piece of eight. It features the Spanish royal arms on the obverse and a prominent cross on the reverse. The irregular shape and hammered strike are characteristic of cob coinage. The visible 'S' mint mark on the left side of the shield indicates it was likely struck at the Potosi mint in Upper Peru (modern-day Bolivia).
History
Spanish cob coinage was produced across the vast Spanish Empire from the 16th to the 18th centuries. These coins served as the backbone of global trade for centuries. The 'S' mint mark, when present on Spanish colonial coins, typically refers to the mint at Santiago, Chile, or Potosi, Upper Peru. The Potosi mint was one of the most prolific mints in the Americas.
Facts
Cob coins, due to their crude minting process, often have unique shapes and appearances, making each one distinct. They were a primary medium for pirate treasure, contributing to their mystique and appeal. The silver for these coins often came from rich mines like those in Potosi, fueling European economies. Their historical significance makes them highly sought after by collectors.
Value Fact
The value of this Spanish cob coin depends heavily on its condition, specific mint, and the presence of any verifiable assay marks or specific historical associations. Coins from Potosi, especially those with clear mint marks and desirable dates, tend to command strong prices in the collector market. Demand is driven by the rich history and the romantic allure of shipwreck treasure.
Item Details
Official Details
Variation Details
sippingsauce1979 Details
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