Mexico Pillar Dollar 8 Reales Replica (Counterfeit) 1732
If it were real, Bryan, your old pillar dollar (8 reales, or piece of 8) would be worth a handsome sum. You can see our appraisal page on genuine pillar dollars at this link.
As it is, you very probably have one of the many modern replicas of this famous old coin. Usually the replicas are made of silver, so that gives them value. Use web sites such as kitco.com to look up the current value of silver.
The coin in our first picture is all spiffed up. It is a proof coin, with fields that look like mirrors and devices that are white and frosty. It is a great gift for someone, and a nice addition to a collection of modern coins. Just don't pay too much for it, over and above its silver value.
The second pictures shows a more convincing fake. When compares to a genuine 1732 8 reales, there are differences in the design, notably the 'MX 1732 XM' legend. Never buy rare coins from a person you do not trust. The example below compares a genuine coin (from Sedwick Coins) with a convincing fake.
Hercules gets into the picture because the pillars are supposed to be his pillars, the 'pillars of Hercules.'
, Genre: Colonizers and Colonies
Requested by: Bryan, Mon, 17-May-2010 15:44:25 GMT
Answered by: Paul, Thu, 10-Oct-2013 00:40:36 GMT
Last review by CoinQuest: Wed, 22-Nov-2017 18:33:06 GMT
Requester description: 1732 i have a pillar dollar dated 1732 that was printed in mexico i believe as it has the capital M with small o above. however on the backside it has something i cant find anywhereits says 'SILVER PILLAR DOLLAR (PIECE OD EIGHT)' then there is a small wreath looking thing 'PIASTRE AUX COLONNES D'HERCULE (PESO)' followed by another bigger wreath looking thing. Is this a remake/fake or is this the real thing?
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