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Peru 1, 2, 4, and 8 Reales Cob (Fakes are possible)  1684 to 1751
Peru 1, 2, 4, and 8 Reales Cob (Fakes are possible) 1684 to 1751

Hi Pino -- It sounds like you have an 8 reales silver cob coin from Peru. There are a few other possibilities based on the description you supplied, but this is the most likely.

Please click to this page [Click Here] for a dissertation about these coins, with more detail. Also be aware that these coins are valuable and heavily counterfeited. See our page on counterfeit cob coin similar to this.

The coin in our main picture (upper left) is a 1 real coin minted in Lima, Peru. The denomination '1' shows a the top center of the 'pillars and waves' side of the coin. The 'L' before the '1' indicates the Lima mint. If your coin has a 'P' in place of the 'L', it was minted in Potosi, Bolivia (see this page [Press Here]).

There is tremendous variation in these coins, and each coin stands on its own merits. The valuations below are very approximate. If your coin has a readable date and is not too far off center, those are good things and your coin will be more valuable than those without date and far off center. The catalog values below are for coins with readable dates. If you can't find the date, divide the values by two.

1 REAL (approx 18 mm diameter)
worn: $30 US dollars approximate catalog value
average circulated: $80
well preserved: $150

2 REALES (approx 23 mm diameter)
worn: $60 US dollars approximate catalog value
average circulated: $150
well preserved: $250

4 REALES (approx 30 mm diameter)
worn: $100 US dollars approximate catalog value
average circulated: $250
well preserved: $500

8 REALES (approx 40 mm diameter)
worn: $120 US dollars approximate catalog value
average circulated: $350
well preserved: $600

If you have a nice specimen, by all means find a knowledgeable collector or professional coin dealer to inspect your coin in person.

Coin: 20570 , Genre: Colonizers and Colonies
Requested by: Pino, Tue, 19-Jan-2016 03:40:21 GMT
Answered by: Paul, Wed, 20-Jan-2016 01:47:52 GMT
Requester description: 722 PLV SVL TRA L M D G 722
L 8 M PLV SVL TRA M 722 L
Tags: peru 1 2 4 8 reales real cob fakes counterfeit peruana peruvian perv reale cobb cobs replica forger counterfet fake counterfiet reproductions repro reproduction counterfeits replicas forgery plv svl tra castle column pillar obelisk tower stick rod staff lion tiger wave waves columns upright sticky sitcky harpoon stuck sticks rods lions cougar tigers waving waive wavy wavey

  

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Sun, 11-Dec-2016 02:13:03 GMT, unknown: 11254143