8 Real    (Venduta per $75.0)

1621, Mexico, Philip III. Large Spanish Colonial Silver 8 Reales Cob Coin. VF!

Reference: KM-44.3. R! Mint Period: 1618-1621 Mint Place: Mexico (Mo) Denomination: Cob of 8 Reales Ruler: Philip III (Felipe III) of Spain. Condition: Wekness of strike in center due to depressed planchet, cleaned, now retoning, otherwise VF! Weight: 27.50gm Diameter: 42mm Material: Silver

Obverse: Cross of Jerusalem with lions and castles in quarters. All within double-bordered tressure. Small cross above.

Reverse: Crowned Spanish- Habsburg Arms. Value (8) to right.

The first coinage of the New World and what comes to mind when we think of Pirate Treasure are pieces of eight. These first coins, often called cob coins, were made from roughly cut planchets (blanks) by striking them with hand dies. The word Cobb comes from a simplification of the Spanish phrase, Cabo de Barra, which translates as, from a bar. After the coins are struck, they are weighed by an assayer who cuts off any excess Silver which is why most coins have some of the impression cut away. Due to this method of manufacturer no two coins are alike and many are collected for their unique shapes alone. The Cobb coin, like anything that is no longer available is becoming very scarce and hence more valuable. The few remaining Coins are the last vintage of the glory days of pirates and Treasure hunting and are fast disappearing into private hands.

Philip III (Spanish: Felipe III; April 14, 1578 - March 31, 1621) was the King of Spain and King of Portugal and the Algarves, where he ruled as Philip II of Portugal (Portuguese: Filipe II),     from 1598 until his death. His chief minister was the Duke of Lerma.     Philip III married Margaret of Austria, sister of Emperor Ferdinand   II,   and like her husband, a member of the House of Habsburg.

Born in Madrid, the son of Philip II of Spain and his     fourth wife (and niece) Anna, daughter of the Emperor Maximilian II   and   Maria of Spain. He shared the viewpoints and beliefs of his   father,   including his piety, but did not inherit his industry. The   diligent old   king had sorrowfully confessed that God had not given him   a son capable   of governing his vast dominions, and that he had   foreseen that Philip   III would be led by his servants. This assessment   ultimately proved   correct. In the view of historian J. H. Elliott,   his "only virtue   appeared to reside in a total absence of vice".

The new king put the direction of his government     entirely into the hands of his favourite, the Duke of Lerma, Francisco     Goméz de Sandoval y Rojas, and when he fell under the influence of     Lerma's son, Cristobal de Sandoval, the Duke of Uceda in 1618, he     trusted himself and his states to the new favourite. Unlike his father,     Philip was not interested in the day-to-day business of government. He     spent many months each year travelling to different palaces with his     court, away from the government centre. His household costs rose     enormously at a time of falling income.

He died at Madrid on March 31, 1621. The story told in the memoirs of the French ambassador Bassompierre, that he was killed by the heat of a brasero (a pan of hot charcoal), because the proper official to take it away     was not at hand, is a humorous exaggeration of the formal etiquette of     the court.