MEXICO 8 REALES 1759 PILLAR DOLLAR,
Material: Silver
Spain, 8 Reales 1759 Pillar Dollar
Mexico mint
38 mm in diameter, 27 grams.
These old Spanish Colonial coins are great collectibles. Lots of people lump these coins together under a generic term ‘pillar dollar,’ but there are other designs with pillars also, so be careful you are looking at the right coin. The denominations are 1/2, 1, 2, 4, and 8 reales, which are predecessors of America’s 5, 10, 25, 50 cents, and one dollar.
The coins have different Spanish kings during different periods of time. For coins with this pattern, the kings of Spain were Philip (Phs), Ferdinand (Ferd, Ferdnd, Frdnd, Frd), and Charles (Carlos, Carolus, Carolvs, Carol, Car). Look for the name on the side with the shield and crown. The coin in our picture has King Charles (Carolvs) III name on it.
If thereโs one classic Mexican coin that makes its way into U.S. coin collections, itโs the Pillar dollar or โpiece of eightโ struck at the Mexico City Mint in the 18th century.
The design features two globes, representing the Old and New worlds, between pillars, under a crown. The Spanish arms and denomination are found on the reverse.
Pillar dollars were struck across South America under Spanish colonial rule and circulated widely in early America, and across the globe. Although the Pillar dollar was of foreign origin, it was legal tender in the United States until the Coinage Act of 1857 was passed. 8 REALES
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