Moneta Gallery Coin Museum



Users 22,465
Photos 3,381
Comments 351
Views 16,300,296
Disk Space 346.4mb

SunMon TueWed ThuFri Sat
     12
3456789
10111213141516
17181920212223
24252627282930

Moneta 2452
Zantetsuken 293
Chinacash 170
stretrader99z 133
numismatist6 100

Guerrero_Aguila.jpg
Guerrero Aguila
Moneta

[ Pre-Columbian Series ]
Brasero_Efigie.jpg
Brasero Efigie
Moneta

[ Pre-Columbian Series ]
Cabeza_Olmeca.jpg
Cabeza Olmeca
Moneta

[ Pre-Columbian Series ]
Sacerdote.jpg
Sacerdote
Moneta

[ Pre-Columbian Series ]
MexDelNorte.jpg
Pancho Villa - Army
Moneta

[ Mexico ]
Mex20gld_1959.jpg
Mexico - Aztec Calen
Moneta

[ Mexico ]
· more ·

 

« Previous image

Pillar1743
Pillar Dollar, 1743 8 Reales

« Previous image

Moneta



Registered: August 2005
Location: Arizona USA
Posts: 2,365
users gallery
Nice example of a fairly early Pillar Dollar. It is said that the Dollar symbol ($) derives from the banner entwined around the pillars, which themselves represent the gates to the 'New World' as you exit the Mediteranean Sea through the Pillars of Hercules.
These were the first truly and purposly round coins to be milled in the 'New World', the previous 'cobs' where hand struck. Don Bailey says of these:"On March 29, 1732, the striking of round coins began. On this date, five silver coins and four gold coins were struck: half, 1, 2, 4 and 8 reales in silver, and 1, 2, 4, and 8 escudos in gold. The design of the milled coinage, which in numismatic terms means produced on a screw press as opposed to the previous method of hand striking the dies with a heavy hammer, was changed to what is most commonly called Pillar. Some refer to the design as World, Globe, or Two Worlds type.
The obverse of the Pillar coinage shows two hemispheres surmounted by a crown between the crowned Pillars of Hercules. These rest upon a wavy semicircular base, symbolic of the ocean separating the two continents. The inscription around VTRAQUE VNUM ("both worlds are one") with date below and the M Mint mark at each side of the date.
On the obverse is the coat-of-arms similar to the one on the coinage issued under Charles and Johanna, the arms of the Kingdoms of Castile, Leon and Granada with the Bourbon escutcheon added. The inscription around reads PHILIP. V.D.G. HISPAN. ET IND. REX. The assayers' initials to the left of the coat of arms with rosettes above and below, and to the right the value in Arabic numerals between rosettes. The edge design is a unique floral pattern known as the tulip edge.
The Pillar design coin with denomination of 8 reales was also known as the romantic "piece of eight" and was legal tender in the United States until 1857. This is the type of coin that George Washington supposedly threw across the Potomac River."


There's a couple of Chinese chops, not too obvious, to prove its value in the Orient. Here's a real World traveler. Philip V of Mexico. See the link in "Comments" below for a complete review of Spanish Colonial coins of Mexico in the Moneta Library.
VIEW & DOWNLOAD Articles:
Pillar Dollar - Bergman: /library/Pillar%20Dollar%20-%20Bergman.pdf
Spanish Colonial Mexico - Bailey: /library/Spanish%20Colonial%20Mexico%20-%20Bailey.pdf
For an article on the use of these 8 Reales in the British Colonies of America see this: [ link ]
· Date: January 28, 2006 · Views: 35,967 · Filesize: 152.2kb · Dimensions: 900 x 458 ·
Keywords: mexico mexican pillar dollar
Denomination: 8 Reales
Reference #: KM 103
Date/Mintmark: 1743 MF
Condition: XF
Weight: 27.07 gm
Metal: Ag - .917

« more
Mex10C_36.jpg
OAXACA_2_Reale_1812.jpg
Mex20gld_1959.jpg
Mex-20c1955.jpg
Mex-20c1959.jpg
MexIndep.jpg
MexDelNorte.jpg
MexCabillito.jpg
Mex8RCap.jpg
Hoe_Money.jpg
Pillar1743.jpg

Moneta

Registered: August 2005
Location: Arizona USA
Posts: 2,365
April 7, 2006 4:58pm

To read more about ancient money of the Americas see the article in the Moneta Library by Don Bailey on 'Spanish Colonial Mexico' below.
[ link ]


Photo Sharing Gallery by PhotoPost
Copyright © 2007 All Enthusiast, Inc.

No portion of this page, text, images or code, may be copied, reproduced, published or distributed in any medium without the expressed written permission of the copyright holder.