1753P Bolivia 8 Reales Spanish Cob Excavation Recovery NGC XF Cerro Rico Hoard
1753P Bolivia 8 Reales Colonial Spanish Cob Excavation Recovery NGC XF Cerro Rico Hoard. Bolivia Cob Cerro Rico Hoard. The largest quantity of coinage consisted of English crowns, shillings, pence, and Spanish/Spanish-American pieces of eight.
The popular Spanish-American silver eight reales, Pillar dollar, or piece of eight became a model for the American silver dollar. One of the greatest discoveries of precious metal in the New World was the Spanish "cob" eight reales, also known as piece of eight.
It represents the very first coinage that circulated in America back in the 1600 and 1700's. Minted over a period of 217 years, the silver was extracted from the Cerro Rico Mine in Petosi, Bolivia, known as the largest silver mine to ever be discovered. The Cerro Rico Mine was the main source of silver for the international economy, making Spain a world super power in which their entire empire was built on. Because of this, both the "cob" 8 Reales and the Pillar 8 Reales became internationally recognized trade units.
Struck under King Philip V and Ferdinand VI in. 917 fine silver, each Bolivia Cob weighed about 27 grams. The obverse displays the famous Pillars of Hercules as well as the inscriptions "8" at the top center representing the denomination 8 reales, and "PLVS VLTRA" meaning "more beyond". The reverse of the Cob shows the Cross of Jerusalem, with lions and a castle. The P mint mark represents Petosi, Bolivia. The assayer is also represented by a single letter and the year is shown at the bottom of the cross. During an excavation in Bolivia, a quantity of these Spanish Cobs were rediscovered and immediately sent to America for conservation and then to NGC for authentication.Up to this point there has only ever been 234 certified coins combined between PCGS and NGC of this type found in circulation. Available is this historic 1753P Bolivia 8 Reales Colonial Spanish Cob.
It has been certified and graded as XF by NGC. In addition, NGC has created a special label for this historic discovery called the Cerro Rico Hoard. Have a piece of American history in your hands with this rare 1753P Bolivia 8 Reales Colonial Spanish Cob! In the event the wrong item is delivered Coin Advisor will pay for the return. We believe in developing lasting client relationships based on trust, hard work and follow-through. Theexperienced numismatic advisors in our exclusive Preferred Collector Division focus on education, value and opportunity in the modern, world and ancient coin markets. We offer only premium certified coins graded by NGC and PCGS, the world's two leading authorities.Our team of experts take the time to understand our collectors' objectives and can help you acquire the right pieces for your collection at the very best possible prices anywhere. Add our store to your favorite stores and receive our exclusive emails about new items and special promotions.