(sold for $160.0)
MEXICO, Philip IV (1621-1665), cob eight reales, not dated c.1650, Mexico City mint, assayer P, (23.66 grams), (KM.45). Fine - very fine.
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As additional silver deposits were discovered in the colonial territories there was a pressing demand to export it to Spain as quickly as possible. To do this, starting in the reign of Philip II, the mints produced irregular coinage called cob ...
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