best spanish coins to buy now

Expert Reviews: Which Spanish Coins Are the Best to Buy Now?

“The past whispers to us through the treasures it leaves behind, and few whispers are as rich as those of Spanish coins.”

Imagine standing on the deck of a sunken galleon, the cold, dark waters of the Atlantic pressing around you. As you dive into the depths, your flashlight catches a glint of gold. You reach out and grasp a handful of centuries-old Spanish coins, their intricate designs still gleaming after all this time. This moment of discovery is just one of the many reasons why Spanish coins hold such a special place in the hearts of collectors.

Spanish coins are more than just currency; they are relics of a bygone era, tokens of history that tell tales of exploration, conquest, and trade. Their significance extends far beyond their monetary value, capturing the imaginations of collectors and history enthusiasts alike. In this article, we will explore the allure of Spanish coins, delve into their various categories, and provide expert reviews on which Spanish coins are the best to buy now.

The Allure of Spanish Coins

Historical Significance

Spanish coins played a pivotal role in global trade during the Age of Exploration. As Spain embarked on its voyages to the New World, its coins became a universal currency, facilitating trade and conquest across continents. The famous Spanish galleons transported vast quantities of these coins, many of which were lost to the sea in shipwrecks, making their recovery a thrilling treasure hunt for modern-day explorers.

These coins witnessed key historical events, from the exploits of conquistadors like Hernán Cortés and Francisco Pizarro to the bustling trade in the Spanish Main. Each coin carries the weight of these historical narratives, making them a tangible link to the past.

Narrative of Adventure

One cannot discuss Spanish coins without touching on the tales of adventure associated with their discovery. Take the story of the Atocha, a Spanish galleon laden with treasures from the New World, which sank off the coast of Florida in 1622. After decades of searching, treasure hunter Mel Fisher finally discovered the wreck in 1985, unearthing a fortune in gold and silver coins. This tale of perseverance and discovery adds an element of romance to owning a piece of that treasure.

Owning a Spanish coin is like holding a piece of adventure in your hands. Each coin has its own story, from the moment it was minted to its journey across the seas and its eventual recovery. This sense of adventure is a significant part of their appeal to collectors.

Categories of Spanish Coins

Colonial Reales

The Spanish real was the standard currency in Spain and its colonies for centuries. These coins come in various denominations, with the most famous being the silver eight-real coin, also known as the “piece of eight.” Conquistadors and explorers used reales during their expeditions, and these coins became a symbol of Spanish colonial power.

The real’s historical context adds to its charm. For instance, eight-real coins minted in Potosí, Bolivia, were known for their high silver content and played a crucial role in global trade. Collectors treasure these coins for their historical significance and the stories they tell about the Spanish Empire’s far-reaching influence.

Cob Coins

Cob coins, with their irregular shapes and hand-struck designs, are a testament to the resourcefulness of Spanish mints. These coins were produced quickly to meet the demands of colonial economies, resulting in their unique, rough appearance. Despite—or perhaps because of—their crude craftsmanship, cob coins are highly sought after by collectors.

The allure of cob coins lies in their connection to the Age of Exploration. Imagine holding a coin that might have passed through the hands of a pirate like Blackbeard or a conquistador like Pizarro. Their discovery in shipwrecks and old treasure chests only adds to their mystique.

Milled Coins

Milled coins represent a significant advancement in coinage, offering uniformity and precision in their design. Introduced in the late 16th century, these coins marked a shift from the irregular cob coins to more modern minting techniques. They were minted in colonial mints across the Americas, each with its own distinctive design.

The transition from cob to milled coins reflects the evolution of Spanish coinage. Collectors value milled coins for their historical context and their improved craftsmanship. These coins often feature elaborate designs, including the iconic Pillars of Hercules, symbolizing Spain’s reach across the globe.

Evaluating Spanish Coins for Purchase

Condition and Grading

The condition of a coin significantly affects its value. When evaluating Spanish coins, collectors should consider factors such as wear, damage, and overall appearance. Coins are graded on a scale from “Good” to “Mint State,” with higher grades indicating better preservation and higher value.

For example, a well-preserved eight-real coin with clear details and minimal wear can fetch a high price at auction. On the other hand, a heavily worn cob coin might be valued more for its historical context than its condition. Understanding coin grading is crucial for making informed purchasing decisions.


Ensuring the authenticity of Spanish coins is paramount. With the market for these coins booming, counterfeits have become a significant concern. Collectors should work with reputable dealers who can provide provenance and certification for their coins. Verifying the authenticity of a coin is like deciphering an ancient map, ensuring that you are indeed holding a genuine piece of history.

Investment Potential

Spanish coins are not only fascinating historical artifacts but also valuable investments. The market for these coins has been appreciating, with certain types seeing significant increases in value. For instance, high-grade cob coins and well-preserved milled coins are currently in demand.

When considering Spanish coins as an investment, look for coins with strong historical narratives, high grades, and verified authenticity. These factors contribute to their long-term value, making them a wise addition to any investment portfolio.

Top Spanish Coins to Buy Now

Top Picks

  1. Eight-Real Cob Coins: These coins are highly sought after for their historical significance and unique appearance. Coins from famous shipwrecks, like the Atocha and 1715 Fleet are particularly valuable.
  2. Potosí Mint Eight-Real Cob Coins: Known for their high silver content, these coins played a crucial role in global trade during the Spanish colonial period.
  3. Pillar Dollar (Milled Coins): Featuring the iconic Pillars of Hercules, these coins are a symbol of Spain’s influence and are prized by collectors for their detailed designs.
  4. Gold Escudos (Shields of Gold or Doubloons): These gold coins, minted in various denominations, are highly valued for their rarity and historical significance. They often feature intricate designs and are associated with Spanish colonial wealth.

Expert Reviews

Experts agree that these coins are excellent investments due to their historical significance and increasing market value. The unique stories and characteristics of each coin, from their minting to their discovery, make them stand out as exceptional pieces in any collection.

Tips for New Collectors

Starting your Spanish Coin Collection

Starting a Spanish coin collection can be a rewarding adventure. Begin by researching the different types of Spanish coins and their historical contexts. Resources like books, online forums, and coin shows can provide valuable insights and connect you with experienced collectors.

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Building a Collection

When building a collection, focus on acquiring a diverse range of coins that tell a comprehensive story of Spanish history. Look for coins from different mints and periods, and consider the condition and authenticity of each piece. The joy of collecting lies in the discovery of each coin’s unique story and its place in history.

Spanish coins are more than just monetary artifacts; they are pieces of history that capture the imagination and offer a glimpse into the past. Their historical significance, unique designs, and investment potential make them a valuable addition to any collection.

Embrace the adventure of collecting Spanish coins. Each coin holds a story, a piece of history waiting to be discovered. Whether you’re a seasoned collector or just starting, the world of Spanish coins offers endless opportunities for exploration and discovery.

Discover the fascinating world of Spanish coins at Commodore Coins, Inc. Our curated selection includes some of the finest Spanish coins available, from rare eight-real cob coins to beautifully preserved milled coins. Visit our website today to explore our collection and start your own adventure in coin collecting.


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