Milled Bust Spanish Colonial Silver Reales

Posted by on September 13, 2012
1800 Colonial Mexico Silver 1/2 Real

1800 Colonial Mexico Silver 1/2 Real

The Fifth style is the “Milled Bust” has the monarch on the obverse and the two pillars are on the reverse on either side of the Spanish coat of arms.  These were struck from 1771 to 1825 from the mints at Mexico City (1771-1821), Lima (1772-1824), Bogota (1772-1820 all of which are rare), Potosi (1773-1825), Guatemala (1773-1817), and Santiago (1771-1821).  The mint of Popayan in Colombia usually struck gold coins however in 1810 to 1822 they did strike the Milled Bust silver reales with a “P” mintmark.  Cuzco, Peru’s mint struck these only in 1824 and used the mint mark “CUZ”, as a matter of fact this was the only year silver coins were minted in Cuzco.

1776 Charles III
1776 Charles III "Mexico City Mint" Spanish Silver 1 Reales sku #RV11
$54.95
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1783 CHARLES III SPANISH SILVER (MEXICO) 2 REALES! sku #MC3
1783 CHARLES III SPANISH SILVER (MEXICO) 2 REALES! sku #MC3
$29.95
Time Remaining: 9h 18m
1723/2 Philip V Spanish Silver
1723/2 Philip V Spanish Silver "CROSS 2 REALES" Pistareen! sku #FG6
$79.95
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CAROLUS III SILVER SPANISH COIN 8 REALES 1788 UNUSUAL STRIKE MARKS
CAROLUS III SILVER SPANISH COIN 8 REALES 1788 UNUSUAL STRIKE MARKS
$37.93 (4 Bids)
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1793 PERU Silver 2 reales Spanish Colonial  Coin .. Good Condition
1793 PERU Silver 2 reales Spanish Colonial Coin .. Good Condition
$17.95
Time Remaining: 1d 7h 25m
ANTIQUE SPANISH SILVER PIECE OF 8 EIGHT REALES PIRATE TREASURE POTOSI 1681 N/RES
ANTIQUE SPANISH SILVER PIECE OF 8 EIGHT REALES PIRATE TREASURE POTOSI 1681 N/RES
$325.00
Time Remaining: 1d 12h 12m
1725 Philip V Spanish Silver
1725 Philip V Spanish Silver "CROSS 2 REALES" Pistareen! sku #FG8
$79.95
Time Remaining: 1d 16h 18m
1766 Charles III Spanish Silver
1766 Charles III Spanish Silver "CROSS 2 REALES" Pistareen! sku #FG7
$79.95
Time Remaining: 2d 3h 18m
1778 Charles III MEXICO CITY, MINT SPANISH Silver 1/2 Reales sku #A30
1778 Charles III MEXICO CITY, MINT SPANISH Silver 1/2 Reales sku #A30
$27.95
Time Remaining: 2d 6h 18m

In 1772 King Charles III secretly started having the precious metal content reduced in all of the coins minted by Spain, including those in the Spanish colonies in the New World.  By 1786 the silver coins had been reduced to a fineness of 89.58% and this contented until 1821.

1799 Spanish Colonial Bogota Silver 1/4 Real - reverse

1799 Spanish Colonial Bogota Silver 1/4 Real - reverse

When Charles IV came to the throne in 1788 Spain was unable to supply its American colonies with new dies and they were given permission to use Charles III’s dies but were instructed to add a “I” after Charles III.  The mint at Potosi was able to alter their 8 reales dies for 1789 and 1790 to strike “IV”.  Charles IV’s new dies arrived in Spain’s American colonies in 1791.  In 1794 Mexico City struck the first 1/4 real which was called a “cuarto”.

1781 El Cazador 8 Reales - obverse

1781 El Cazador 8 Reales - obverse

The French Revolution and the Rise of Napoleon to power cut Spain’s ties to the Americas.  Charles IV abdicated in 1808 and Ferdinand VII was unable to take his rightful possession of the throne of Spain in 1808 because of Napoleon’s occupation however he was able to co-rule with Napoleon’s brother Joseph.  In Spain royalist started in earnest to battle Napoleon’s forces however it was not until 1814 that Ferdinand VII was fully restored to the throne.  During this period of time the royalists in the New World minted coins with Ferdinand VI however one by one the Royal appointed viceroys were driven out and by 1821 republican forces had run the Spanish royalist out of power.  There were a few hold outs.  The Cuzco mint in Peru Spanish designs were struck in 1824 and in Potosi Bolivia, even thou it was taken and struck coins for use in the providences that would become Argentina in 1814, the mint struck royalist coins into 1825.

The obverses of the silver Milled Bust Reales coins have a bust portrait of the King in the center and under this along the rim is the date.  Rising from the date on the left side along the rim is the king’s name and along the right side along the rim is “DEI.GRATIA.”.

1781 El Cazador 8 Reales - reverse

1781 El Cazador 8 Reales - reverse

The reverse has Spain’s coat of arms with castles, lions, and the fleurs-de-lis as before and Spain’s royal crown above this.  Starting on the right side along the rim begins the legend with “HISPAN.ETIND.EX.” and then the mint mark, the denomination, and the assayer’s mark.  On either side of the coat of arms is one of two pillars, this time without crowns, and wrapped with a banner; the left with “PLUS” and “VLTRA” and the right side pillar.

From Silver to Cocaine: Latin American Commodity Chains and the Building of the World Economy, 1500–2000 (American Encounters/Global Interactions)
From Silver to Cocaine: Latin American Commodity Chains and the Building of the World Economy, 1500–2000 (American Encounters/Global Interactions)
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Método y Estilo BPMN, Segunda Edición, con la Guía de Implementación BPMN (Spanish Edition)
Método y Estilo BPMN, Segunda Edición, con la Guía de Implementación BPMN (Spanish Edition)
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DK Eyewitness Books: American Revolution
DK Eyewitness Books: American Revolution
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