1808/7 four reales overstrike coin

[Bill D. (VA)]

My friend Stan just found a 1808 4 reale coin which are rarely dug. I think I've only seen maybe 2 posted on the forums in the last 15 years. Not something you see every day for sure. I got looking at it and thought I was seeing a weak "7" under the 8. Got checking around and apparently there were some that were overstruck. Saw one on ebay that was selling for $900 so it must be rare. My friend thinks what I'm seeing may be nothing more than an imperfection when the coin was minted. So I'm trying to get some other opinions from you colonial coin experts. Appreciate any help with this.

 

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[plymouthian12]

looks like a weak 7 to me

 

[umrgolf]

Looks like a Lucky 7

 

[Rich in Central PA]

Looks like an overstrike to me. I can clearly see the 7 under the last 8. Actually the first 8 and the 0 don't look like normal numbers, maybe thats the way they looked back then, but the first 8 and 0 look like broken dyes in my opinion..................Rich

 

[Iron Patch]

yes, it's a known variety and appears to be the as the same coin you seen on ebay, just in not as good condition. My Krause says $150 in VF, but the book is about 6 years old, and I think Chile 4 and 8 reales seem to have a little more interest than some of the other mints. Keeper for sure.

 

[Steve in PA]

Overstrike or not, it's a wonderful find for Stan. You just don't see the 4 reales very often.

For the record, looks like an overstrike to me

 

[lost hunter]

 

[bluehunter1973]

 

[Gunrunner61]

Well it looks like a restrike to me, an fabulous find in my book,HH

 

[hogge]

Appears to me to be a filled and recut die. Eventhough Ferdinand was king, Charles IV was included in the series of 1808. Ferdinand was found mostly on the 2 and 8 real coins. Hogge

 

[oldsalty19]

 

[Joe88]

Very nice find. I have attached a picture (sorry, no scanner) of a page from
a world coin book I have. This page shows this coin with many details for it.
Hope this helps.


Joe

 

[Mackaydon]

That Ebay $900 price is only the asking price. You may wish to follow it and see IF or at what price it does sell: http://www.ebay.com/sch/i.html?_sacat=11116&_from=R40&_kw=1808+7+4+reales+Chile
Don........

 

[Iron Patch]

That Ebay $900 price is only the asking price. You may wish to follow it and see IF or at what price it does sell: http://www.ebay.com/sch/i.html?_sacat=11116&_from=R40&_kw=1808+7+4+reales+Chile
Don........

Makes no difference anyway. The two coins are so far apart for condition they might as well be different altogether when it comes to judging the value. Buyers will really step up for top grades... $900 up... well probably not, because even he doesn't think it will get that because he will take offers.

 

[steelheadwill]

Awesome find Bill!
Love that happy face
Congrats on the scarce piece of Silver

 

[birdman]

Bill,you find the most awesome stuff.

 

[Mackaydon]

IP: We differ (a rarity).
If the eBay coin sells, at least we would then have a RELATIVE starting point from which to judge ‘our’ coin’s value. It isn’t like comparing coins that are ‘different altogether’; in fact, the only difference might be the grade since the type, year, mint assayer, etc. are all identical. As in any appraisal, one makes adjustments for quality and other considerations, but I don’t totally disregard the sale of a similar item simply because the grade margin is large. The eBay sale (if it occurs) becomes a beginning reference point from which to judge the value of the found coin IMO.
Don....

 

[Iron Patch]

IP: We differ (a rarity).
If the eBay coin sells, at least we would then have a RELATIVE starting point from which to judge ‘our’ coin’s value. It isn’t like comparing coins that are ‘different altogether’; in fact, the only difference might be the grade since the type, year, mint assayer, etc. are all identical. As in any appraisal, one makes adjustments for quality and other considerations, but I don’t totally disregard the sale of a similar item simply because the grade margin is large. The eBay sale (if it occurs) becomes a beginning reference point from which to judge the value of the found coin IMO.
Don....

Many other people feel the same way too, and is why they value their finds too high. Plus one buy it now/best offer only says what 1 person is willing to pay, and for all we know the buyer could be a billionaire bored and clicking coins over an afternoon, and paying whatever the price is on it. If you believe the seller maybe that is a starting point, but I can tell you it's not uncommon to find coins on ebay priced at 3-4 times their actual value. So again, based on that, that ebay sale does not help.

 

[Mackaydon]

OK, we agree we differ. I can live with that--and move on.
Don....

 

[kane23]

Nice piece!