Spain Spanish Colonial 1/2, 1, 2, 4, and 8 Reales (Carolus III and IIII) (Fakes are possible)  1772 to 1808
Spain Spanish Colonial 1/2, 1, 2, 4, and 8 Reales (Carolus III and IIII) (Fakes are possible) 1772 to 1808

These coins are known as Spanish (Hispan) colonial coinage because they circulated freely in the many New World colonies of Spain. You can find essentially the same coins in Bolivia, Chile, Columbia, Guatemala, Mexico, Peru. The coins from Mexico carry the distinctive Mo or oM mint mark -- a small 'o' set over a large 'M'. Coins from Chile bear an So or oS mint mark for Santiago, Chile. There are many other mint marks, as explained below.

These are wonderful collectibles, and some collectors specialize in Spanish Colonial coinage. It is a fascinating subject. Similar coins, with the likeness of King Ferdinand VII, appear on this CoinQuest page. You must also be on the lookout for fakes, and shown on this CoinQuest page and at the bottom of this page.

King Charles (Carolus) of Spain shows on the front of the coin. Carolus III reigned from 1759 to 1788, and Carolus IIII (or IV) reigned from 1788 to 1808. The backs of these coins look the same, with a crowned shield and two large pillars on either side.

The first step in evaluating these coins is to determine their country of origin. See details to the right.

In addition, you can tell the denomination of the coin by the 'R' marking: R = 1/2 real, 1R = 1 real, 2R = 2 reales, 4R, and 8R. These old reales denominations are those that lead directly to American denominations of nickel (1/2 real), dime, quarter (2 reales), half, and dollar (8 reales) today. Gold coins with similar designs are called escudos (click here for escudos).

Special lettered marks are known as Assayers Initials. Typically these are two letter sets such as FM, MF, FT, and TH.

To evaluate your coin, look first at the general values below. If your coin is 'normal' and has a common date, mint mark, and assayer initials then the GENERAL VALUES apply. Coins with SPECIAL VALUES are shown below the general listings.

All listings give very approximate catalog values for coins that worn, but free of problems such as scratches, stains, spots, gouges, cleanings, scrapes, scuffs, and the like. Use our Important Terminology page to convert these catalog values to actual buy and sell values.

worn: $10 US dollars approximate catalog value
average circulated: $50
well preserved: $90

worn: $20 US dollars approximate catalog value
average circulated: $60
well preserved: $100

worn: $25 US dollars approximate catalog value
average circulated: $75
well preserved: $125

worn: $100 US dollars approximate catalog value
average circulated: $250
well preserved: $550

worn: $100 US dollars approximate catalog value
average circulated: $200
well preserved: $250

worn: $10 US dollars approximate catalog value
average circulated: $50
well preserved: $80

worn: $15 US dollars approximate catalog value
average circulated: $50
well preserved: $90

worn: $25 US dollars approximate catalog value
average circulated: $70
well preserved: $100

worn: $100 US dollars approximate catalog value
average circulated: $250
well preserved: $550

worn: $60 US dollars approximate catalog value
average circulated: $130
well preserved: $200
special coin 1803FM catalogs at $1200 average circulated

SPECIAL VALUES depend on the country of origin. You must find the mint mark to determine the country of origin (see table above). The values called out below are for coins in average circulated condition.

Bolivia 1778PR with no 'A' in 'CAROLUS': $500
Chile 1773DA: $200
Colombia all dates 1772 to 1773: $5000
Colombia all dates 1775 to 1784: $5000
Guatemala 1799M: $300
Guatemala 1808M: $150

Chile 1803FJ: $150
Colombia all dates and conditions before 1816: about twice general values
Guatemala 1779P: $200
Mexico 1788FF: $250

Bolivia 1825J: $250
Colombia 1772VJ: $800
Colombia 1784JJ: $800
Colombia 1814JF: $400
Mexico 1784FM: $300
Mexico 1786FF: $300
Peru 1772JM: $250
Peru 1774JM: $500

Bolivia 1789PR: $500
Bolivia 1809PJ: $300
Guatemala 1808M: $650
Mexico 1784FM: $350
Mexico 1785FM: $350
Mexico 1796FM: $300
Mexico 1802FT: $500
Mexico 1803FM: $500
Peru 1752J: $650
Peru 1753J: $500
Peru 1763JM: $500

Bolivia 1789PR: $400
Chile all dates 1773 to 1783: $5000
Chile all dates 1784 to 1792: $1800
Chile 1800AJ with no 'A' in 'CAROLUS': $5000
Guatemala 1773P: $1200
Guatemala 1776P: $2500
Guatemala 1780P: $1200
Guatemala 1781P: $900
Guatemala 1782P: $1800
Guatemala 1783P: $1000
Guatemala 1786M: $1000
Guatemala 1790M: $1200
Mexico 1783FM: $7000
Mexico 1784FF: $500

In the bluish toned example sent to CoinQuest by a fellow named Ron, you can see several chop marks on the front of the coin. These marks were likely struck into the coin by a merchant in New York or San Francisco Chinatown to indicate that the coin is a good one, not a fake. I personally like chop marks and will pay a small premium for them. To me they add interest to an already intereting coin. Many collectors, however, feel chops degrade the coin.

Use our Important Terminology page to correctly interpret the values shown here.

Finally, valuable coins are always subject to counterfeit. These coins are no exception. The image below shows a side-by-side comparison of real and fake 1776 8 reales. Several discrepancies are readily visible. Not all counterfeits are so obvious.

Coin: 2334 , Genre: Colonizers and Colonies
Requested by: bruce, Sat, 19-Dec-2009 02:22:34 GMT
Answered by: Paul, Mon, 07-Jul-2014 01:33:34 GMT
Updated by CoinQuest. Appraisal ok., Mon, 15-Jun-2015 17:18:51 GMT
Requester description: 1800 charles 1111 8 reales
Tags: spain spanish colonial colony 1 2 4 8 reales carolus charles iii iiii fakes counterfeit espana spainish hispanarvim hispan espanas hispanarvm hispaniarum hispanirvm spanich hispanarium hispana espania espa hisp espanola hispa spai hispaniarvm colonies colonization colonie kolonie colonizacao real reale karolus karolvs carlos carol karol carl carlovs carlosi karl carlo carlvs charlie carolvs replica forger counterfet fake counterfiet reproductions repro reproduction counterfeits replicas forgery rex ind india plus ultra mexico bolivia guatemala colombia mex mexicana mexicanos mexio mexicano mexican boliviano boulivia boliviana bolivariana bolivianos bolivian gautemala castle column pillar crown tiara lion tiger coat shield arms piller pillars columns upright crowned crowns tiarra crowning tiera lions cougar tigers sheild coats shiled crests chevrons shild escucheon insignia arm crested crest chevron creast shields escutcheon


Hello I have one of these coins but it's all scratched up on the front I would like to know if its worth anything it was given to me by a family member *email address deleted* - Jessica Henry
Jessica -- Scratches ruin coin value. Collectors will not buy scratched coins. Your coin is worth its weight in silver (about $20) and not much more. - CoinQuest (Paul)

See the new GNL Book in Amazon Books to help differentiate between counterfeit and real 8 Reales. Just released. 600 pages. $40. Enjoy! - John Lorenzo
Here's the link: [Press Here]. Thanks, John, for writing this book. When are you going to write one on detecting Chinese fakes? - CoinQuest (Paul)

hello i have one of these it is a 1789 2R with a Chile Mint mark and it has a D.A. for the 2 letters and i see you don't have a D.A. there what would mine be? - Akramer
The 1789 DA 2 Reales are not specifically listed because it is not a special date. It must be evaluated according to the general values listed further up on the page. - CoinQuest (Chris)

I have a 1783 Carolus iii M 2R with the letters FF. what would the value of this be? I did not see one for 1783 M 2R FF! - Beth
The 2R means '2 reales.' The values above for values of 2 reales: 2 REALES CAROLUS III GENERAL VALUES (25 mm diameter) worn: $25 US dollars approximate catalog value average circulated: $75 well preserved: $125. The M means Mexico and the FF are initials of the mint master. Neither of these factors increase or lower value. - CoinQuest (Paul)

Hi. I have a 1790 Carolius IV 8 reales coin, (obviously with a portrait of Carolius III), minted in Potosi, Bolivia. Mine has an oval counter stamp in the portrait's neck, containing another portrait, which seems to have been applied in quite a clumsy manner. It is slightly off alignment, resulting in the portrait's face tilting upwards slightly. Can you tell me anything about it, please, as I cannot find anything on-line. - Deke
Hi Deke -- These Spanish coins were so prevalent that other countries would use them to support commerce. They circulated in America, for instance, and became the basis of our silver dollar. Britain, during coin shortages, would use them also, counterstamping them with a small oval or rectangular punch. If you search online for 'counterstamp' you will find good info. We have a general page on them, with pictures and approximate values, at this link [PRESS HERE]. - CoinQuest (Paul)

Hi Paul. This is a reply to your very informative answer to my previous question regarding the counterstamp on my 1790 Carolus IV 8 reales coin. The image on your link is exactly the same as my counterstamp, i.e. British, and I am absolutely delighted to learn about this! Even the slightly off-alignment is the same. Thank you so much. - Deke

I got a 4 reales from 1803 . From mexico the face is Worn down but the back Looks ok. - Javo
Javo, be sure to read the two letters after '4 R' on your coin. Coins with the letters '4 R.F.T.' catalog at $85 US dollars when worn, while coins with the letters '4 R.F.M.' are quite scarce and catalog at $220. Hopefully you've got the 'F.M.' variety! - CoinQuest (Chris)

I have a 1773 8R FM carolus 111 in reasonable condition would you have an estimate of it's value. - Stewart
Evaluating these cool coins takes some work, as explained on this page. The first step is to determine the country of origin. See the table of mint marks as shown on this CoinQuest page [Press Here]. Once you know the country, use the listings on this page to get general values of Carol III coins, then check the special value listings to see if you have one of those. The FM initials should have little effect one value, but the mint mark does. - CoinQuest (Paul)

I have a 8r coin minted in Mexico City in 1789. It says Carolus iii on the front and not Carolus iv!? I just bought it at a coin shop, the heads side is pretty worn so it's hard to detect tell tale signs that it is counterfeit. Any advice on this? - Scott
Hi Scott. Charles III of Spain died on December 14th, 1789. The first trans-Atlantic telecommunications were not conducted until 70 years later, in 1859. The news of his death would have taken a while to reach the mint workers in Mexico City. Thus, a large amount of coins dated 1789 were released into circulation, still with the name of Charles III. Possibly, coins might have been struck with next year's date prior to the start of the new year, so that a batch of fresh coins was ready for release. It's also possibly that due to a need for coins, the mint had to keep striking coins in the name of Charles III until the new dies were ready. A new set of dies were hastily produced, with a short-lived coin type in the name of Charles IV struck in just 1789 and 1790. A new type soon followed. In any case, the 1789 Charles III 8 Reales from Mexico City are not especially scarce, even if they are posthumous. The catalogs currently report the value as $75 US dollars for worn coins, increasing to $225 for well preserved coins. For comparison, the 1788 coins are worth the same when worn, and $200 when well preserved. - CoinQuest (Chris)

I have a few of these coins that were somehow turned into Egyptian Jewelry pieces with great detail and was wondering if this deminishes the value of the coin completely? - Brent
Yes. Mounting in jewelry always brings the numismatic (coin collector) value to zero, or close to zero. But your pieces are still valuable as jewelry. To get them appraised, take them to a jeweler. A numismatist will not be able to help you. - CoinQuest (Paul)

I have a lot of 8 Reales Carolus for years 1780, 1784, 1785, 1787, 1788 and a 2 Reales of 1777. How I can sell them and how much? - Paul
Approximate values are listed on this page. These are inflated catalog values, so expect to sell your coins at less than these values. See our Important Terminology page for how catalog values work. You can sell your coins on eBay. You can take out a free advertisement on this web site. Our page about the three methods used to sell coins appears at this link [PRESS HERE]. - CoinQuest (Paul)

Hi! I`m diana can you tell me how much is worth the carulos III 1789 4R ?
- Jane
Approximate values are shown on this page. - CoinQuest (Paul)

I have a 1783 Carolus III 8R minted in Mexico by FF. I see a 1784 coin with these markings for $500. Is there any difference in value between the 1783 and 1784? - Kyler
Yes. 1784 FF is a special date. Use the GENERAL VALUES on this page for your 1783 FF. - CoinQuest (Paul)

I have a 1792 Carolus IIII minted in Lima, Peru by IJ. It's 8 reales. And from what I've seen from pictures it's in near perfect condition. What is the estimated value? - Wendy
See 8 REALES CAROLUS III GENERAL VALUES. These are approximate values. Individual coins may vary by plus/minus 100 percent. An in-person appraisal by a professional or advanced collector will produce a more accurate estimate. - CoinQuest (Paul)

Hello sir, I have a unique Spanish coin, and I would like your assistance in identifying it. Email me and I shall provide an image, looking forward to your help. ****** - Paula
Please use the Contact button at the top of the home page to start an e-mail exchange. We answer requests in the order received. - CoinQuest (Paul)

Hi there, I have a Carolus III 2R from Potosi, Bolivia. It is dated 1777 and has the initials P.R after the 2R mark. Just wondering if you had any further information or a price for this specific coin? Thank you. Sebastian - Paula
This page gives approximate values for your 1777 Bolivia 2 reales. We also have a page with a detailed overview of Spanish colonials at this link [PRESS HERE]. For more detail you need to get a coin catalog (perhaps at your library). Coin catalogs easily have 1000 times more information about coins than the CoinQuest web site. - CoinQuest (Paul)

Hello I have a coin that is not dated, it has a P and underneathe is a D with a small o above it, I researched Diego de la Torre. I'm a little unsure with the markings on the left side of this coin but there's 2 markings. I think the number 4 is the bottom marking. This coin is dating back from 1577-1588. Any idea what this coin is worth? - Tom Chandler
We cannot answer questions like yours from these comments, as they are not entered into our database. Please wait until there are less than 3 requests pending and submit via the normal 'Free Appraisal' link. - CoinQuest (Paul)

Hi there I have a 1782 that reads Hispan.ET IND.R.M.F.F.

There is not a number in front of the R so I assuming it is a 1/2 reale but I am not sure where it is from?
Thanks Paula :) - Tom Chandler
Hey Paula -- if you look above the 'M' in the R.M.F.F. you may see a tiny 'o' resting on top of it. This is the mintmark that indicates your coin was made in Mexico City. - CoinQuest (Todd)

I have a 8R 1784 FM from Mexico, what is that worth? It has chop marks too - sheeni
The values are listed above. Chop marks can add to the value, but it's a subjective addition that depends on the interest of a potential buyer and how appealing the chop marks are. - CoinQuest (Todd)

Friend showed me an 1760 8 real coin.I took it to our metals shop and analyzed with a portable xray fluorescence Niton metal analyzer..reported about 25 % silver..4o % lead...balance tin antimony and bismuth.. I checked it on both sides and retested it 6 times. Is this a counterfeit? - Raul galvan
Unfortunately it is a fake. Authentic coins contain more than 90% silver - CoinQuest (Andrei)

Hello I have 8R.F.M. 1792 carolus 1111. Was wondering what the value of it would be? it's in very fine condition. was also wondering where I could go to sell it if it's worth anything? Raul Galvan
Values are shown on this page. You must choose one of three methods to sell your coin. The three methods are explained on this page [PRESS HERE]. - CoinQuest (Paul)

I've got a 1806 carolusIIII 8R.P.J. from bolivia someone knows the value?

Check the '8 REALES CAROLUS IIII GENERAL VALUES' paragraph. - CoinQuest (Todd)






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