Cut Charles III 8 Reales (one bit?)

[Scott from MD]

Hi all,
I just dug this cut Charles III 8 Reales a few days ago. Though I love it and would never sell it I am curious of any value and also curious if this would be considered " one bit"?

I appreciate your time and await your knowledge.

Scott

 

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[ToddsPoint]

I don't know anything about cobs but I like that one. Lots of detail on both sides plus the edge. You're lucky tolive near the old stuff. Gary

 

[Mackaydon]

Yup, if it's 1/8th of an 8R coin it's "one bit".
Congrats on the find !!
Don........

 

[Lizzie90]

I don't know anything about cobs but I like that one

 

[CASPER-2]

nice find
https://en.wikipedia.org/wiki/Bit_(money)
YOURS IS FROM A REAL/REALE - not a cob like others think
here is one I got that was cut from a cob - with it you could get a tankard of grog -supposedly