PHILIP IV 8 REAL COB MEXICO ASSAYER P 1600s SILVER DOLLAR COLONIAL ERA COB

Description: Mint; oM, Mexico CityDate; nv., c. 1634-1665Reign; PHILIP IV (1621-1665)ASSAYER; nv., most likely "P" (1634-1665)Grade- ICrowned ArmsMexico style cross pommee, quartered with arms of Castille and Leon all within octilobeKM45The coin has a dark patina from being buried.Weight; 17.23gNote; The coin was recovered from a shipwreck or excavated from the ground or a river. Unfortunately the provenance is unknown. Heavy Saltwater effect, possibly from the Concepcion ShipwreckTTI-547221Additional Notes: These coins were the most desirable currency of the world for over 300 years from the 1500's - 19th century and were legal tender in the United States until the Act of 1857.Chinese "chop" marks:Long tied to the lore of piracy, "pieces of eight" were manufactured in the Spanish Americas and transported in bulk back to Spain, making them a very tempting target for seagoing pirates. In the Far East, it also arrived in the form of the Philippine peso in the Philippines as part of the Spanish East Indies of the Spanish colonial empire through the Manila galleons that transported Mexican silver peso to Manila in the Manila-Acapulco Galleon Trade, where it would be exchanged for Philippine and Chinese goods, since silver was the only foreign commodity China would accept. In Oriental trade, Spanish dollars were often stamped with Chinese characters known as "chop marks" which indicated that particular coin had been assayed by a well-known merchant and determined to be genuine. The specifications of the Spanish dollar became a standard for trade in the Far East, with later Western powers issuing trade dollars, and colonial currencies such as the Hong Kong dollar, to the same specifications.The first Chinese yuan coins had the same specification as a Spanish dollar, leading to a continuing equivalence in some respects between the names "yuan" and "dollar" in the Chinese language. Other currencies also derived from the dollar include the Japanese yen, Korean won, Philippine peso, Malaysian ringgit, French Indochinese piastre, and etc since it was widely traded across the Far East in the East Indies and the East Asia.Contemporary names used for Spanish dollars in Qing Dynasty China include benyang (本洋), shuangzhu (双柱), zhuyang (柱洋), foyang (佛洋), fotou (佛頭), foyin (佛銀), and fotouyin (佛頭銀). The "fo" element in those Chinese names referred to the King of Spain in those coins, as his face resembled that of images of the Buddha; and the "zhu" part of those names referred to the two pillars in the Spanish coat of arms.

Price: 549.95 USD

Location: Heber City, Utah

End Time: 2024-08-23T19:20:49.000Z

Shipping Cost: 0 USD