Bolivia COB 1762P V Y 8 Reales NGC CLlPPED CABINET TONING
A wonderful and beautifully toned example of this scarce "Cob Coinage" from the Potosi mint in Bolivia. The date is completely visible which a determining factor in how these coins are valued. Great opportunity for the collector of these coin from the Spanish Imperial Era. Silver cob 8 Reales coins from Bolivia in the 18th century were a form of currency used during the time when Bolivia was part of the Spanish colonial empire. These coins, commonly referred to as "cobs, " were irregularly shaped pieces of silver produced through a simple minting process.
They were characterized by their crude appearance and lack of uniformity. Key features of Bolivian silver cob 8 Reales coins from the 18th century. Cobs typically had a cross design on one side, often with a shield containing the arms of Spain and the Spanish colonies. The irregular shape of cobs resulted from the crude minting process.
They were hand-cut and stamped with designs using simple equipment. Bolivian cobs often bore mint marks to indicate the specific mint where they were produced. PotosÃ, located in present-day Bolivia, was one of the most famous mints during the colonial period. The 8 Reales coin was the largest denomination and was commonly used in international trade. It was often referred to as the Spanish dollar.
The 8 Reales coins were widely used in international trade and became the precursor to the U. They were accepted in many parts of the world due to the Spanish Empire's global influence. The 18th century corresponds to the latter part of the colonial era when Spanish control over Bolivia and other parts of South America was still in place.