Authentic Spanish Cob - 1 Reales Coin Ring -
$2,200
Denomination: 1 Reales
Mint: Potosi
Assayer: “Q” Augustin de la Quadra (1612-1616)
Reign: Philip III
Weight: 2.90 gm
Date: Not Visible
Mount: Sterling silver ring with 18K bezel
Grade: Choice Fine
Description: Obverse: Nicely struck Greek cross with Lions and Castles visible in all four quadrants. Coin was double struck or struck with a cracked die. Partially visible Mint mark and Assayer initial.
History: This coin is a certified member of the “Private Collection Series” by Shipwreck Treasures of the Keys. It has been numismatically certified as authentic to its time period. Spanish colonial coinage, known as cobs (from the Spanish Cabo de Barra, meaning end of the bar") were the primary currency of the Spanish empire east territories in the America's from the earl 16th to the mid 18th century.
They were produced in colonial mints, such as those in Mexico City, Potosi (modern day Bolivia) and Lima, to quickly convert massive amounts of silver and gold into spendable currency for trade and shipments back to Spain. The silver cob, famously known as pieces of eight became the first widely accepted global currency., circulating across Europe, the Americas, and Asia. Due to issues with counterfeiting and clipping, cobs were gradually phased out in the 18th century in favor of more uniform, machine struck (milled) pins with a protective edge design. Our private collection database helps to further our understanding of shipwrecks and their contents, both locally and globally, providing an additional benefit for collectors and researchers alike."
Cob-3063
