What Is A Spanish Silver Cob?

Minted in the Spanish colonies from the mid-1500s through the late 1700s, these coins were cut from a bar (ingot) of silver and then were clipped to the proper weight (1/2, 1, 2, 4 or 8 reales.)

What is a silver cob?

Cobs are the original “treasure coins.” Struck and trimmed by hand in the 16th through 18th centuries at Spanish mints in Mexico, Peru, and Colombia (among others), silver and gold cobs are handsomely crude, nearly all with a cross as the central feature on one side and either a coat-of-arms (shield) or a tic-tac-toe-

How do you identify a Spanish cob?

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 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 “

What is Spanish silver called?

The Spanish dollar, also known as the piece of eight (Spanish: Real de a ocho, Dólar, Peso duro, Peso fuerte or Peso), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales.

Are shipwreck coins worth more?

Generally, no. Most shipwreck coins are going to carry a variable premium over the spot price of gold. If you are looking to invest in gold proper, you are best to find the cheapest gold above-spot.

How were cob coins made?

The freshly mined silver was first smelted into bars. Pieces were then sliced off and trimmed until the right weight was reached. The resulting disk, or planchet, was placed in an anvil mounted die. The coiner then struck the upper part of the die with a hammer, inscribing the crudely shaped coin with a year date.

Why are they called cob?

“Cob” is an old name some people gave to spiders. Generally we call them cobwebs when “old” spiderwebs collect dust and debris in them and no longer have a spider active in them.

How much is an 8 reales coin worth?

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.
1772-1832 First United States Silver Dollar Spanish 8 Reales.

What are old Spanish coins made of?

Coins were minted in Spain in copper 1, 2, 4 and 8 maravedíes, in silver coins equivalent to 1, 2, 4, 10 and 20 reales de vellón since 1737, and in gold coins equivalent to 1⁄2, 1, 2, 4 and 8 escudos.

What is today’s cob?

What does COB mean? COB stands for “close of business.” It refers to the end of a business day and the close of the financial markets in New York City, which define U.S. business hours. It’s used in business communications to set a deadline for a task to be completed by 5:00 PM Eastern Standard Time (EST).

What mint mark is worth the most?

5 of the Most Valuable U.S. Coins

• 1794 Flowing Hair Dollar. Mint mark: No mint mark. Face value: $1.
• 1913 Liberty Head Nickel. Mint mark: None. Face value: $.05.
• 1870 S Seated Liberty Dollar. Mint mark: S. Face value: $1.
• 1927 D St Gaudens Double Eagle. Mint mark: D. Face value: $20.
• 1838 O Capped Bust Half Dollar. Mint mark: O.

What are Spanish coins called?

Spanish peseta

What is Spanish silver worth?

Silver Price (g)

Is Spanish silver hallmarked?

The present Spanish hallmarking system is organized on a voluntary base. From 1988 the standard mark is a rectangle containing the fineness number. and the number “1, 2, 3 or 9” just over the right upper corner of the rectangle. In 2002 the system was reformed and the alphanumeric code moved inside the rectangle.

What are the two different types of silver called?

999, known as “three nines fine”, is therefore accepted as fine or pure silver, and is the most common type of silver found in investment bullion. 925 fineness – 92.5% pure silver – is an internationally accepted type of silver used commonly in jewellery, but has a long place in British history.

What is the most sought after coin for collectors?

9 of the most valuable coins in the world

• The 1787 Brasher Doubloon.
• The 1787 Fugio cent.
• The 723 Umayyad Gold Dinar.
• The 1343 Edward III Florin.
• The 1943 Lincoln Head Copper Penny.
• The 2007 $1 Million Canadian Gold Maple Leaf.
• 1913 Liberty Head V Nickel. Scott Olson/Getty Images.
• Morgan Silver Dollars. H.

What is the most valuable shipwreck ever found?

The largest monetary treasure haul found was on the wreck code named Black Swan, discovered by Odyssey Marine Exploration in 2007 off of Gibraltar. The salvage team reportedly found 17 tons of coins valued at $500 million; an amount that is both staggering and said to be “unprecedented” in the treasure hunting world.

What is the rarest shipwreck?

The San Jose – The Holy Grail of Sunken Treasures (1708) – $17 billion. One of the most precious shipwrecks in the world, the site of which remained unknown for over three centuries, was revealed in photographs by the Colombian army.

Why did they drill holes in old coins?

The reason being they were easier to string when the hole is square. Coins were cast poured in crude a method and when making the coins a square rod was placed in the center so they would not roll around and be an even size.

Why did old coins have square holes in them?

Most Chinese coins were produced with a square hole in the middle. This was used to allow collections of coins to be threaded on a square rod so that the rough edges could be filed smooth, and then threaded on strings for ease of handling.