What Does Cob Stand For Coins?

The Spanish colonial mints at Potosí, Lima, Cartagena, Bogotá and Mexico City (plus a few others) labored day and night to produce the irregularly shaped gold and silver coins commonly referred to as macuquinas (crude hammered coins) or “cobs.” It is believed the word “cob” is the simplification of the Spanish phrase ”

How do you identify cob coins?

Design Characteristics: Hand struck cob typically on a round full-sized planchet. One side has a pair of pillars with or without waves depending on the time period. The other side displays a simple shield with lions and castles in the four quadrants and with a pomegranate wedged in at the very bottom.

What are pirate cob coins?

These pieces were struck from dies and cut to weight according to the Spanish monetary system. They were called “macuquinas” in Spanish but are known to us as “cobs”. Minted in five denominations in silver, the largest was the eight reales, famous in the colonies and among pirates as a “piece of eight”.

What are silver cobs?

‘Cobs’ represent some of the first coins minted in the Spanish New World, from Mexico, Peru, Columbia and Bolivia, and were accepted as reliable Silver currency worldwide.

Who used Spanish silver dollar coins pieces of eight?

the British
Unlike today, cutting money was not illegal. In fact, it was expected that to make change people literally cut the coins into eight pieces, or “bits.” Hence, the British called the Spanish dollar a “Piece of Eight” (a coin worth eight pieces, or bits), and something valued at “two bits” cost a quarter of a dollar.

What is the fastest way to tell if a coin is valuable?

There are three primary variables that help determine the value of a coin.

1. Initial Mintage Number. This refers to how many of the coins were originally minted and available in the market.
2. Coin Grade. The better condition your coin is in, the more valuable it can be.
3. Demand.

What are the 4 types of coins?

The penny, nickel, dime, and quarter are the circulating coins that we use today. To learn more about the history of these coins, read The History of U.S. Circulating Coins.

What does Frosty mean in coins?

Frosting – An effect seen on the raised parts of a coin whereby the metal appears to be crystallized. This is applied to the recessed areas of the working die. Frosted devices – Raised elements on coins struck with treated dies to impart a crystallized appearance.

How much is a mule coin worth today?

For that particular mule, there are about 20 known examples, and they typically sell for around $100,000 to $125,000 USD. Most of the other mule types sell for between $25,000 and $100,000. Counterfeits exist for mule errors, most of which are made by altering genuine coins to make them look like a mule.

How do you tell if a coin is a mule?

In numismatics, a mule is a coin or medal minted with obverse and reverse designs not normally seen on the same piece.

How can you tell if a pirate coin is real?

Look For The Seam Around the Side of The Coins Edge
There may be markings, intricate designs, or interesting textures that are associated with a particular coin series. However, counterfeit coins may have casting seams around the side of the coin edge and the periphery, that even the naked eye can usually spot.

Are cobs real?

The cob is not really a breed; technically, it’s a type, described by the British Show Horse Association as: “A short-legged animal, with bone, substance and quality, capable of carrying a substantial weight. The cob should be well-mannered and ideal for nervous or elderly riders.

What are Spanish coins called?

Spanish peseta

What is the rarest Spanish coin?

Only one individual at the auction, a Swiss man identified simply as Number 74, rose to the challenge: he paid €944,000 for the 100-escudo piece, making it the most valuable coin in Spanish history.

How much is a Spanish Piece of Eight worth today?

Early pieces of eight were handmade and known as cobs. Machine-made versions are of a higher quality. There are various varieties of this coin, versions of which were minted in Latin America as well as Spain. Spanish milled dollars are worth about $50 to $350.

How much is a silver Spanish Piece of Eight worth?

Total metal value of the 1772-1832 First United States Silver Dollar Spanish 8 Reales is USD 11.574. Total Silver content in the coin is 90% and the Silver value of this coin is USD 11.574 ,Silver value is claculated with a spot price of USD 14.88/ounce.

What coins are collectors looking for?

• 1909-S VDB Lincoln Wheat cent.
• 1943 copper Lincoln penny.
• 1937-D 3 legged Buffalo nickel.
• 1893-S Morgan silver dollar.
• 1895-O Morgan dollar proof.
• 1921 High Relief Peace silver dollar.
• 1916 Standing Liberty quarter.
• 1919-D Walking Liberty half dollar.

How do you know a coin that will pump?

The easiest way to identify a pump and dump scheme is when an unknown coin suddenly rises substantially without a real reason to do so. This can be easily viewed on a coin’s price chart. Coincheckup, for example, has set a benchmark of a 5% price increase in less than five minutes as its indicator.

What year coins are worth keeping?

All quarters minted before 1965 are worth their silver value. All Standing Liberty quarters have a premium above that value, except for well-worn coins. Among Washington quarters, only the 1932-D and 1932-S have a significant premium over the silver value. The 1955-D also carries a premium.

What is the rarest type of coin?

The Rarest Coins in the World

• 1804 Silver Dollar, Class I.
• 1794 Flowing Hair Silver Dollar.
• 1933 Saint Gaudens – Double Eagle.
• 1343 Edward III Florin.
• 1787 Brasher Doubloon.
• 1913 Liberty Head Nickel.

What quarters are worth keeping?

Here’s a list of modern quarters worth money:

• 1932–1964 Washington Quarters. 1940-S Washington quarter.
• 1932-D Washington Quarters. 1932-D Washington quarter.
• 1932-S Washington Quarters. 1932-S Washington quarter.
• 1982 and 1983 Washington Quarters.
• 2004-D Wisconsin Extra Leaf Quarters.
• 2005 Minnesota Doubled Die Quarters.