(sold for $127.0)

Description:
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1789, Mexico, Charles IV. Colonial Silver 8 Reales Coin. Bust of Charles III. R!

Mint Year: 1789 Reference: KM-107. Denomination: 8 Reales Mint Mark: Mo (Mexico in Monogram). Condition: Old silver-test scratches on bust,  polished, rotherwiseVF/XF! Weight: 26.92gm Diameter: 38mm Material: Silver

Obverse: Laureate, draped, and cuirassed profile bust of Charles III right. His son´s name (Charles IV, who was already proclaimed as king) in legend! Latin Legend: CAROLUS . IV . DEI . GRATIA . 1789 Translation: "Charles IV by the Grace of God, 1789"

Reverse: Crowned Spanish* arms between the Pillars of Hercules adorned with PLVS VLTRA motto. Legend: .HISPAN[IARUM].ET IND[IARUM].REX.Mo[Mexico Monogram].8R [EALES] F.M.[Assayer Name] Translation: "King of the Spains and the Indies, Mexico [Mint], 8 reales".

The Spanish dollar (also known as the piece of eight, the real de a ocho, or the eight real coin) is a silver coin, worth eight reales, that was minted in the Spanish Empire after a Spanish currency reform of 1497. It was legal tender in the United States until an Act of the United States Congress discontinued the practice in 1857. Through widespread use in Europe, the Americas and the Far East, it became the first world currency by the late 18th century. Many existing currencies, such as the Canadian dollar, United States dollar and the Chinese yuan, as well as currencies in Latin America and the Philippines peso were initially based on the Spanish dollar and other 8 reales coins.

Charles IV (November 11, 1748 - January 20, 1819) was King of Spain from December 14, 1788 until his abdication on March 19, 1808.

Charles was the second son of Charles III and his wife Maria Amalia of Saxony. He was born at Portici, while his father was king of the Two Sicilies. His elder brother don Felipe was passed over for the two thrones as mentally retarded and epileptic.

Charles had inherited a great frame and immense physical strength from the Saxon line of his mother, granddaughter of August II of Poland. When young he was fond of wrestling with the strongest countrymen he could find. He was considered by many to be intellectually sluggish and quite credulous. His wife Maria Luisa of Parma, on the other hand, was seen by many (including by the painter Francisco Goya) as a vicious and coarse woman who thoroughly dominated the king. During his father's lifetime he was led by her into court intrigues which aimed at driving the king's favourite minister, Count of Floridablanca, from office, and replacing him by Pedro Pablo Abarca de Bolea, Count of Aranda, the chief of the "Aragonese" party.

After he succeeded to the throne in 1788 his one serious occupation was hunting. Affairs were left to be directed by his wife and her, alleged, lover Manuel de Godoy. Although Godoy essentially took over his wife and his office, the king was favourable towards him for all his life. When terrified by the French Revolution he turned to the Inquisition to help him against the party which would have carried the reforming policy of Charles III much further. But he never took more than a passive part in the direction of his own government. He simply obeyed the impulse given him by the queen and Godoy. In 1803, after smallpox had affected his daughter María Luísa, the king commissioned his doctor Francisco Javier de Balmis to bring the vaccine to the Spanish colonies on state expenses.

He had a profound belief in his divine right and the sanctity of his person. He thought it very important to seem a very powerful monarch, although his kingdom was treated as a mere dependency by France and his throne was dominated by the queen and her lover. Spain allied with France and supported the Continental Blockade, but withdrew after the Battle of Trafalgar. When Napoleon won from Prussia in 1807, Godoy returned to the French side, but France no longer considered Spain a worthy ally. But even the alliance with France, as it was, made Godoy's rule unpopular and fueled the partido fernandista, the supporters of Ferdinand, who favored a close relationship with Great Britain.

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This coin has been sold for   $127.0

Notes: https://www.ebay.com/itm/153844467330 2020-03-02

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Posted by: anonymous
2020-02-25
 
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