Mexico 8 Reales 1803 FT Charles IV. VF+

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1803, Mexico, Charles IV. Colonial Silver 8 Reales Coin.
This currency was legal tender in the USA until 1857!

Mint Year: 1803
Denomination: 8 Reales
Reference: 1803-MoFT, KM-109.
Mint Mark: Mo (Mexico in Monogram).
Condition: Some bag-marks and scratches, otherwise a nicely toned VF+
Material: Silver (.896)
Weight: 26.95gm
Diameter: 39mm


Obverse: Laureate, draped, and cuirassed profile bust of Charles IV with roman armor right.
Latin Legend: CAROLUS . IIII . DEI . GRATIA . 1803
Translation: "Charles IIII by the Grace of God, 1803"

Reverse: Crowned Spanish* arms between the Pillars of Hercules adorned with PLVS VLTRA motto.
Legend: .HISPAN[IARUM].ET IND[IARUM].REX.Mo[Mexico Monogram].8R [EALES] F.T.[Assayer Name]
Translation: "King of the Spains and the Indies, Mexico [Mint], 8 reales".

*Details on the Spanish Arms: arms of Castile and Leon, with Granada in base and an inescutcheon of Anjou.

The Spanish dollar (also known as the piece of eight, the real de a ocho, or the eight real coin) is a silver coin, worth eight reales, that was minted in the Spanish Empire after a Spanish currency reform of 1497. It was legal tender in the United States until an Act of the United States Congress discontinued the practice in 1857. Through widespread use in Europe, the Americas and the Far East, it became the first world currency by the late 18th century. Many existing currencies, such as the Canadian dollar, United States dollar and the Chinese yuan, as well as currencies in Latin America and the Philippines peso were initially based on the Spanish dollar and other 8 reales coins.

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