1885, Mexico (2nd Republic). Large Silver 8 Reales "Cap Dollar" Coin. AU-UNC!
Mint Year: 1885 Reference: KM-377.1. Denomination: 8 Reales Mint Place: Mexico (central mint) Condition: Numerous tiny bag-marks and little scratches from handling, otherwise a nice lustre AU-UNC! Material: Silver (.903) . Weight: 27.01gm Diameter: 39mm
Obverse: Phrygian cap with "libertad" inscription, with 32 light rays. Legend: * 8R . Mo . 1885 . M . H . 10 Ds . 20 Gs .
Reverse: Eagle with a snake in its beak, standing on a cactus plant, sea waves below. Legend: REPUBLICA MEXICANA (terminated by olive and oak branches)
The successful revolt of the Spanish colonies in America, did not stopped the Spanish dollar to dominate the Eastern trade, and the peso of 8 reales continued to be minted in the New World. The coin was sometimes called a Republican dollar, but eventually any peso of the old Spanish 8-real standard was generally referred to as a Mexican dollar, Mexico being the most prolific producer. Mexico restored the standard of 1772, producing a coin of 27.073 g, 0.9028 fine, containing 24.441 g fine silver (the mark weight of the Mexico City mint was very slightly heavier than the standard mark of Spain).
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