LOT / Treasure, World, U.S. Coin & Paper Money Auc... / SPAIN, Madrid, cob 8 reales, Philip IV, 1650, as...

1299

SPAIN, Madrid, cob 8 reales, Philip IV, 1650, assayer /\ over IB, vertical mintmark, unique, PCGS XF

Currency:USD Category:Coins & Paper Money / World Coins By Country Start Price:1,000.00 USD Estimated At:1,250.00 - 2,000.00 USD

$SPAIN, Madrid, cob 8 reales, Philip IV, 1650, assayer /\ over IB, vertical mintmark, unique, PCGS XF$

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SPAIN, Madrid, cob 8 reales, Philip IV, 1650, assayer /\ over IB, vertical mintmark, unique, PCGS XF40, finest known in PCGS census. Cal-unl (Type 311); KM-unl (120 for type). 27.23 grams. Bold strike with choice full shield and cross-and-tressure on a broad flan with nearly complete legends, bold full mintmark above assayer /\ (like an A but missing the horizontal bar) with traces of under-assayer IB, an unlisted over-assayer in this denomination (known in 4R), clear bottom half of date despite off-center strike, deeply toned all over, exceptionally well struck and well preserved for the type. (Note: The label notes “(1650-6)MD A,” but the date and over-assayer are there.)

This piece is from a rare and historically significant series of mainland issues struck soon after the Potosí Mint scandal of 1647–49, which led Spain to boost minting at home to restore confidence in its coinage. In addition to greater production at major mints like Madrid, several minor mints were re-opened to handle tons of silver from recalled and melted coinage. Long overlooked in the American market, these peninsular cobs are now gaining well-deserved recognition for their rarity and importance. With many one-year issues and countless minor varieties, these coins combine scarcity and rustic beauty in a way that is redefining price levels for the entire cob series.
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FSTB	7%	Florida Sales Tax - Baker
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FSTB	7%	Florida Sales Tax - Bradford
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FSTC	7%	Florida Sales Tax - Columbia
FSTD	7%	Florida Sales Tax - De Soto
FSTD	7%	Florida Sales Tax - Dixie
FSTD	7%	Florida Sales Tax - Duval
FSTE	7.5%	Florida Sales Tax - Escambia
FSTF	7%	Florida Sales Tax - Flagler
FSTF	7%	Florida Sales Tax - Franklin
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FSTG	7%	Florida Sales Tax - Gilchrist
FSTG	7%	Florida Sales Tax - Glades
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FSTL	7.5%	Florida Sales Tax - Leon
FSTL	7%	Florida Sales Tax - Levy
FSTL	7%	Florida Sales Tax - Liberty
FSTM	7.5%	Florida Sales Tax - Madison
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FSTM	6.5%	Florida Sales Tax - Marion
FSTM	6.5%	Florida Sales Tax - Martin
FSTM	7%	Florida Sales Tax - Miami-Dade
FSTM	7.5%	Florida Sales Tax - Monroe
FSTN	7%	Florida Sales Tax - Nassau
FSTO	6%	Florida Sales Tax - Okaloosa
FSTO	7%	Florida Sales Tax - Okeechobee
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FSTW	7%	Florida Sales Tax - Walton
FSTW	7%	Florida Sales Tax - Washington

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This lot is part of the auction: Treasure, World, U.S. Coin & Paper Money Auction 38 Back To Catalog Listing

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From (Incl.)	To (Excl.)	Increment
0.00	50.00	2.00
50.00	100.00	5.00
100.00	200.00	10.00
200.00	300.00	20.00
300.00	500.00	25.00
500.00	1,000.00	50.00
1,000.00	2,000.00	100.00
2,000.00	3,000.00	200.00
3,000.00	5,000.00	250.00
5,000.00	10,000.00	500.00
10,000.00	20,000.00	1,000.00
20,000.00	30,000.00	2,000.00
30,000.00	50,000.00	2,500.00
50,000.00	100,000.00	5,000.00
100,000.00	200,000.00	10,000.00
200,000.00	300,000.00	20,000.00
300,000.00	500,000.00	25,000.00
500,000.00	Infinite	50,000.00

LOT / Treasure, World, U.S. Coin & Paper Money Auc... / SPAIN, Madrid, cob 8 reales, Philip IV, 1650, as...

SPAIN, Madrid, cob 8 reales, Philip IV, 1650, assayer /\ over IB, vertical mintmark, unique, PCGS XF

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