1616-1617 Potosi 8 Reales NGC VF Details – Concepcion Shipwreck
Item #CC-0270 | 1616-1617 Potosi 8 Reales NGC VF Details – Concepcion Shipwreck
Mint: Potosi, Bolivia
Assayer: M
Ruler/Period: King Philip III
Grade: VF Details
For details and population on this coin from NGC, click on the serial number here: 434870-001
Description: A fantastic early example of an 8 reales from the Potosi mint recovered from the wreck of the Concepcion. Most examples we have handled are from the 1630s, so finding an earlier example from 1616-1617 is quite unique. The coin is full weight as well, likely due to it being amidst a large clump on the wreck that preserved much of the surfaces. The planchet is large and boasts much of the legend, shield, crown and cross. A wonderful example to highlight any shipwreck collection!
Beginning in the early 16th century, the Spanish Empire emerged as the world’s dominant global power, fueled by vast silver and gold resources from the Americas. To manage this wealth, Spain established major colonial mints, starting with the Mexico City Mint in 1535, followed by others such as Lima and Potosí. Early Spanish coins were hand-struck silver cobs, including the famous 8 reales, which became the first truly global currency, circulating throughout Europe, the Americas, Africa, and Asia. By the late 17th and 18th centuries, Spain transitioned to milled coinage with more precise designs to combat fraud and debasement. Spanish imperial coinage not only financed wars and trade but also shaped the foundations of the modern global monetary system.
In stock
$1,450.00
