NEWP Mexico 8 Reales...Guess the grade and give opinion...

[jmj3esq]

Just got this off ebay for a pretty good price. You rarely see these with a little nice color.

 

Guess the grade. Its in a PCGS holder. Opinions welcome.

 

 

[brg5658]

I'd go AU50 or 53 on that. I like the color, but a little too much wear IMO (particularly on the bust side) for higher than that. Nice looking coin -- the reverse is particularly attractive! (thumbs u

[CaptHenway]

Looks like a very nice AU. Add in the "Pre-1800 Bonus Points" the TPG's tend to give out like Halloween candy and it probably slabbed as an MS-63.

[KMAG100]

First of all very nice color....My first impression is XF 45 or AU 50

[jmj3esq]

Did these circulate here in America like the earlier Pillar Dollars with the shield?

[CaptHenway]

Did these circulate here in America like the earlier Pillar Dollars with the shield?

 

Yes.

[johnny9434]

im in the au 50 area.

[physics-fan3.14]

These are always tricky to grade, because the strike is usually terrible on them. I'd be inclined to knock it down to EF-45 - but the amount of luster indicates it may be higher than that. Tough to tell in photographs.

 

The eye appeal on that one is stunning, however.

[brg5658]

Looks like a very nice AU. Add in the "Pre-1800 Bonus Points" the TPG's tend to give out like Halloween candy and it probably slabbed as an MS-63.

 

To receive Pre-1800 Bonus Points, it would have to be dated pre-1800.

[jmj3esq]

Its a PCGS AU55. Thanks for the coments.

[TwoKopeiki]

Nice example. A bit of strike weakness, as often seen in this series. I'd grade it in the 53-55 range, as well, considering the strike characteristics and luster. PCGS has not been terribly consistent with these, which has been pretty frustrating.

 

You rarely see these with a little nice color.

 

Agreed! I like them with a bit of color myself: http://www.pcgs.com/setregistry/Showcase.aspx?sc=2486

 

 

[coinman1794]

I don't see much wear and it seems to have good luster. It has substantial strike weakness in the centers, but the evidence of handling and friction is commensurate with an AU55 grade.

[WoodenJefferson]

Its a PCGS AU55. Thanks for the coments.

 

I think the AU-55 was generous, but in-hand it probably is all of that.

[TwoKopeiki]

By the way, if someone is looking to add 8 Reales as a type coin to their collection as an example of what was circulating in early America - now is a pretty good time to do this. Prices have softened quite a bit over the last year for the mid-grade examples and you can find an attractive, slabbed AU portrait 8 Reales for around $300.