Countermarked Silver Cobb 8 Reales

We are absolutely thrilled to share a very rare Countermarked Silver Cobb 8 Reales coin with you today. In fact, up to this point in time very few people knew coins like this even existed. This coin isn’t even known to many historians or the rare coin industry alike. It is quite literally the oldest known official United States Silver Dollar. In particular, it is the only one in private hands with the countermark of PS. 

It’s an absolute wonderful find and a priceless piece of American History. Surprisingly, not many people knew how business was done before the US Mint opened. From the 1600’s up to 1792 Spanish colonial silver Reales and gold Escudos were the primary currency used in the colonies. Of course, this changed once the US started minting their own coins.

US regulators confiscate countermark Spanish coins

Once the US mint started minting their own coins in 1792, all stamped coins were rounded up and melted down. Only a handful of stamped regulated coins exist today. Above all, we have in our possession the only known silver Cobb 8 Reales with the prominent PS regulators initials. However, there is a Countermarked Silver Cobb 8 Reales with a PS in the Williamsburg Museum.

By comparison, there are hundreds of other types of regulated gold coins known to exist. Many of these coins can easily eclipse six figures. But, we possess the only known example with the PS stamp that doesn’t reside in a museum.

This is such a massive hidden gem… important and historically relevant. Prominent regulators like Philip Syng were responsible in regulating the first foreign currency. In other words, making sure all coins circulating in the US had to measure up to real and verified standards of weight and purity.  

A couple of the most well-known US silversmiths and regulators in the early days were Paul Revere (PR punch) from Boston, Ephraim Brasher (EB punch), from New York. Equally important and harder to find today, was Philip Syng, Jr. (PS Punch), of Philadelphia. In addition, Mr. Syng, was very close personal friends with Benjamin Franklin.  

Austin Rare Coins sold the Countermarked Silver Cobb 8 Reales in the video below to a private collector. However, this Summer it will be going to public auction at Stacks Bowers—a prominent auction house. As a matter of fact, we believe bidding is sure to be fierce for this absolutely incredible, unique, piece of early American history.

Very First Spanish Silver 8 Reales

To fully understand how the very first Spanish Silver 8 Reales was created you have to understand a little Spanish history. From 1475 to 1500 Spain was in a time of transition. It was the beginning of one of the largest empires in history known as the Spanish Empire or Hispanic Monarchy. In addition, it was the formation of the dynastic union between Isabella I of Castile and Ferdinand II of Aragon. Basically, the king and queen of the Crown of Castile and the Crown of Aragon forming a joint reign. The young couple got married on October 19, 1469. She was 18 years old and he was only seventeen.

Both signed a document in 1475 called the Concord of Segovia. In short, this is where the real transitioning of power began. In other words, both of them would have the same power in managing their kingdoms. This system remained valid throughout their reign as Isabella started to age. By transferring ruling competencies to Ferdinand, he and his Aragonese advisors had almost all the power by 1500.

The Spanish dollar, also known as the piece of eight, started to be minted by the Spanish Empire. To clarify, this followed the monetary reform in 1497 and was widely used as the first international currency. In fact, some countries, including the United States countermarked the Spanish dollar. Therefore, once the coin was properly weighted with an addition mark or symbol, it could be used as their local currency. This practice is no longer in use, but at the time it was a cheaper alternative. Otherwise, they would have to recall or confiscate the coins, melt them down, and replace them.

Spanish 8R minted at the Toledo Mint

Ferdinand & Isabella had the very first Spanish Silver 8 Reales minted at the Toledo Mint. In fact, the video below is and incredible Spanish rarity. It is the first ever and only certified Spanish 8 Reale struck of silver during Ferdinand & Isabella reign (1474-1504). What make this particular coin so unique is that it was issued at the Toledo Mint. Furthermore, it is the only one certified in any condition. On the front of the coin is a crowned coat of arms. On the reverse is star with eight arrows.

The Spanish dollar was the coin upon which the original United States dollar was based. As a matter of fact, it remained legal tender in the United States until the Coinage Act of 1857. To find out more about the very first Spanish Silver 8 Reales by calling a Rare Coin Advisor at 1-800-928-6468.

How to identify a shipwreck coin

Be careful trying to buy coins that are supposed to be from a famous shipwreck. How to identify a shipwreck coin should be left to the experts. It is hard to determine if a coin is a shipwreck coin just by looking at it. How is the average person supposed to know if a coin was hidden in a shipwreck for over a hundreds of years? Even if a coin is actually from a shipwreck it could be in terrible condition and not worth very much. However, those salvaged in good to excellent condition can be worth a lot of money. Especially, if they are a from a rare date and only a few surviving coins actually exist.

Austin Rare Coins & Bullion is one of the premier shipwreck coin dealers in the United States. They know how to identify a shipwreck coin. In fact, they specialize in high-end shipwreck coins dating back to 1845. Above all, they only deal in shipwreck coins certified and authenticated by NGC or PCGS. These two top coin grading corporations are the best known and trusted in the business. 

The S.S. Central America

Usually, premier shipwreck gold and silver that has been salvaged in good and very good condition come from one of the four major U.S. shipwrecks. For example, the S.S. Central America, otherwise known as “The Ship of Gold” sank off the Carolinas in 1857 in a terrible hurricane. It is probably one of the best known shipwrecks due to the amount of treasure found onboard. 133 years after it sank, the S.S. Central America was located by the Columbus-America Discover Group of Ohio. Thanks to the recent advent of underwater robots, items from this famous shipwrecks were brought to the surface and saved. The newest deep sea recovery technology was utilized to bring up and preserve these historic, National Treasures.

Austin Rare Coins was one of the few companies to offer sunken coin treasure from The S.S. Central America. Moreover, they offer the American public a rare opportunity to acquire a rare shipwreck coin from this important piece of California Gold Rush history. Each coin in this exclusive release comes sealed in a specially-designed PCGS holder to protect the intricate details of the coin. In addition, each holder contains a pinch of gold dust recovered from the shipwreck.

Other Shipwreck Coins

Austin Rare Coins feature gold and and silver shipwrecked coins from other shipwrecks as well. Over the past two decades they’ve handled rare coins from the S.S. Brother Jonathan of 1865, the S.S. Republic of 1865, and the S.S. New York of 1845. All of the coins they handle are original, certified shipwreck recovered coins. It is worthy to note, Austin Rare Coins has been involved with every major shipwreck offering since the 1990s.

If you’re interested in learning more about historically significant shipwreck coinage you should request our Shipwreck Collection Report. Importantly, it will help you how to identify a shipwreck coin. That is to say, it is loaded with U.S. shipwreck history, pictures, and descriptions to give you a solid foundation of knowledge and ideas. In conclusion, if you have questions or need assistance on where to start, just give us a call, we’re happy to help. 1-800-928-6468

Hard Money Investor

The Precious Metal Industry’s Leading Publication

If you’re interested in physical precious metals, then you MUST read Hard Money Investor! In addition, our groundbreaking newsletter will offer you:

•  Clear, Concise, and Timely Market Intelligence 
•  Reliable and Straightforward Economic Analysis
•  Insider Information You Won’t Find Anywhere Else

Clients often ask us for timely, up to the minute, news on the economy. Above all they want to know about Precious Metals as we head into the new decade. Great News, we have key insider information to share that can help you make solid decisions about your financial future.

Austin Rare Coins Bullion is please to announce the latest release of our ground breaking Precious Metals Publication: the Hard Money Investor. There are many reasons to read this newsletter. Above all, it will help keep you abreast of concise and to the point news on the economy. Especially, the markets as they pertain to gold, silver, platinum, and palladium.

Inflation & Rising Interest Rates

Our Newest Winter 2022 edition of Hard Money Investor sheds light on the physical precious metals market in the wake of inflation and rising interest rates. We also take look at how this could impact economies across the globe as the new year unfolds. Hard Money Investor is available free to anyone looking to gain an edge on the Precious metals Markets.

Austin Coin Dealer Specializing in Rare Coins, Ancient Coins, Gold, and Silver

Austin Rare Coins & Bullion has done business with tens of thousands of satisfied clients in both buying and selling rare coins and precious metals. If you have questions and would like to talk to one of our Austin Rare Coins Advisor, just give us a call at 1-800-928-6468. Someone will be happy to assist you with all your questions. Remeber to ask about our Hard Money Investor, and how you can get your own free copy!

Coin Collecting Can Be Profitable

Coin collecting is not only a rewarding and enjoyable hobby, but if done properly, coin collecting can also be profitable. In this report and the video below, we will share some of the most important things to keep in mind when coin collecting. This is in order to maximize the rewards of assembling a profitable collection, regardless of your budget.

  • The first thing is to make sure that you’re collecting an area with a solid base of other collectors. You can have the rarest coin in the world, but if nobody else wants it, then it’s unlikely to see much appreciation.
  • Make sure you own coins that are attractive. To clarify, a great looking coins will always catch the eye of a potential buyer.
  • Make sure you acquire and own coins that have been professionally graded. This should be done by a third party grading service like NGC or PCGS—the tops in the business.
  • Try to focus on key dates. Do not try to collect the most common dates for a particular issue. These key dates, or “Stoppers” in a series tend to be harder to find. These are the coins other collectors will need to complete their sets.
  • Most importantly, work with someone you can trust to give you fair prices and solid advice. It helps to work with the same dealer you started with, especially if you want to trade up or if you sell a few of your coins. Remember, if you overpay for something, you are at a disadvantage. It may take a while to recoup the original investment. Above all, coin collecting can be profitable if you collect the right coins!

Coin Collecting is FUN!

Remember, coin collecting isn’t just about profits—Coin Collecting is FUN! Historically significant areas of collecting allows you to own items that have been around for hundreds or thousands of years. You can literally hold history in your hands.

With that said, a collection put together over time with attractive and desirable coins can appreciate over time. Try to invest in coins at reasonable prices and allow for time for it to appreciate. Certain areas of the coin market have proven to be a profitable venture for many of our clients. If you have questions or need to be pointed in the right direction, give Austin Rare Coins a call! Let our decades of experience help you put together your own impressive collection.

What is the value of a 1882 Carson City Silver Dollar?

The most collected series of coins ever produced by the United States Mint is the Morgan Silver Dollar. A Carson City Silver Dollar produced in Carson City, Nevada is the most cherished and sought-after of all. Furthermore, CC Morgans are the most popular and desired silver coins ever produced by the United States.

No other coin embodies the history and allure of the American Wild West better than a Carson City Morgan Dollar. Especially, those produced in Carson City from the silver mined at the Comstock Lode. Holding one in your hands instills mystique and adventure of the 49er gold rush days.

Prices of CC Morgans have held strong. Most importantly, when other coins have fallen in value. This is because of their historical importance. In addition, these coins have a large base of collectors. Those who focus on Morgan Dollars minted in Carson City, Nevada. Investors and collectors have discovered owning them offers downside protection.

1882 Carson City Silver Dollar in Mint State 65PL

In our inventory you will find an 1882 Carson City silver dollar. This coin has been graded in mint state 65 and is in gem quality condition. It has also received the PL designation from the grading service PGCS. The PL refers to a proof like quality which occurs when a coin’s field is highly mirrored. In addition, it gives contrast to the frosty relief areas.

13 different Carson City Morgan silver dollars, ranging from 1878 through 1893, have been issued. One entire 13 coin acquisition of less than average grades could be purchased for less than $5,000. However, a collection that exists in above average conditions could sell for over six figures. This allows coin collectors in all different investment categories to get involved collecting them.

If you like to hear about other Carson City coins or be kept on our preferred Carson City collectors list give us a call.

Alexander The Great Silver Drachm

Alexander The Great Silver Drachm in Holder

This Alexander The Great Silver Drachm is a beauty! Few names resonate in history like that of  General Alexander the Great of Macedon.  Even today 2,350 years after his death Coinage issued under Alexander are highly desirable and are sought after by all sorts of collectors.

A Silver Drachm Like this…Will Sell Quickly!

We are pleased to offer this remarkably high end silver drachm graded by NGC Ancients. Because it has been certified in choice mint state condition, it is highly desirable. It also has received the fine style designation, which implies it to be of the highest artistic quality. Furthermore, this particular coin is known to be a lifetime issue. This means it was struck while Alexander was still alive. Coins that were issued after his death are referred to as a posthumous issue. 

Front & Back of this Coin:

Alexander The Great Silver Drachm

Overall the look of this Silver Drachm is remarkable and it is hard to believe that it was struck nearly 2400 years ago. This coin’s silver is bright white, flashy, and the strike is absolutely solid. You will find the obverse depicts Hercules facing right in lifelike fashion wearing a lion skin helmet.

Alexander The Great Silver Drachm - Reverse

The reverse shows Zeus seated upon a throne holding a scepter in his left hand but an eagle is perched on his right hand. You can clearly make out the muscularity features of Zeus and the centering on the back of the coin is absolutely perfect.

Is this Coin is For Sale?

We have only one of these Alexander The Great Silver Drachms available, and expect it to sell quickly given the low price point and all of the features described above. Ancient coins are a remarkable area of the numismatic marketplace. Coins issued under famous generals or noteworthy leaders are highly desirable today—particularly those in such a remarkably high state of preservation. 

Have questions about this coin? Then be sure to call our ancient coin advisor to learn more. This type of coin is a rare find, so it would definitely be a great addition for ancient coin collectors and investors alike!

Alexander The Great Silver Drachm - Both Sides

What Ancient Roman coins were made of silver?

What Ancient Roman coins were made of silver is a question we frequently get. This NGC Certified Roman coin minted by Emperor Otho for instance, is a great example, and it is a beautiful coin. Finding a Silver Denarius in Choice Extremely Fine Condition with 3.54 grams of silver is not an easy task.

On the front of this Otho Silver Denarius you’ll find the likeness of Emperor OTHO CAESAR with his head facing right. On the reverse, seen advancing left, you’ll find the likeness of VICTORIA. She is the Roman Goddess of Victory.

Marcus Otho Caesar Augustus was born Marcus Salvius Otho in the year 28 AD. He was Roman emperor, but only for three months, and in addition his life ended tragically. Two weeks shy of his thirty-seventh birthday Otho took his own life. In conclusion, by stabbing himself with a dagger Otho’s reign ranks as one of the briefest in the history of the Roman Empire.

This coin is an excellent example of one of the least known Roman Emperors. Examples of coins from Emperor Otho are rare because of two reasons. Firstly because he only was emperor for 3 months and secondly because most found were badly damaged. We are lucky to have this Choice Extremely Fine grade and able to share it with you.

Otho denarii are quite scarce and extremely difficult to find. For this reason only around 300 of these coins have been certified, and none in Mint State.

Several Ancient Roman coins were made of silver including the popular Silver Denarius silver coin, however the base silver coin was the Sestertius. In conclusion, there were many types of Roman silver coins. They spanned the 482 years as a Roman Republic, 503 years as the Roman Empire, and 1131 years as the Byzantine Empire.

Rare Spanish silver called 4 Reales

Rare Spanish silver called 4 Reales are coins that we’ve never seen before. Moreover, certainly not in such high of a grade. These coins were struck by Ferdinand and Isabella. The two who reigned over Spain jointly in the late 1400s, together known as the Catholic Monarchs.

Ferdinand and Isabella of Spain were responsible for funding Columbus’ journey to the New World. Silver Four Reales were the circulating currency back in the late 15th century. Some of them are probably the same coins that help to fund these trips. It is important to note, that Explorers didn’t intentionally venture out to discover the new world in the Americas. All they wanted to do was to gain wealth. Their intention was “finding a new trade route to China that would bypass the Mediterranean.”

Finest certified examples known

We acquired a group of these coins from a world coin collector in Europe. These coins are often toned, cracked, and badly worn. Luckily, we bought a group of three that are the finest certified examples known today. All of them are in Mint State 63 condition. Out of 11 total coins graded, these are the finest. They are fully centered on both sides and have very intricate strikes.

We love the world coin market because of coins like these. In addition, for the money Spanish silver like 4 Reales offer great value. Above all, they come along with a rich history. A find like this does not come around often. As far as Spanish silver goes, you’ll be hard pressed to find nicer coins than these.

Just talk to one of our Rare Coin dealers and they can help you find the exact rare world coin you are looking for. You can also go online and buy directly from our rare World Coins inventory section.

THIS COIN IS STILL AVAILABLE HERE!

Welcome to our new Rare Coins BLOG

You’ve come to the right place to learn all about rare coins. We want to Welcome to our new Rare Coins Blog.

Since 1989 Austin Rare Coins & Bullion has been an industry leader in precious metals and rare coins. We have rare coins from all around the world. This blog is designed to highlight and discuss our most interesting and unique inventory highlights. For instance, it may be a 2,000 year-old Roman coin, or a rare issue minted during the Civil War.

On this blog you will find the best we have to offer. We also want to share some fun and useful information. This is so you can understand better the fascinating world of rare coins.

This rare coins blog is an information tool. We hope to assist you in buying and selling Rare Coins. It can be US Rare Coins, World Rare Coins, or even Ancient Rare Coins. Just let us know how we can help. Whether you’ve just started collecting Rare Coins, or you’re a rare coins bug, this blog will have ideas for everyone.

Strong Demand For Coins

Today, there’s a strong demand for coins and growing base of coin collectors in the United States. In fact, coin collectors growing all around the world. In the 1980’s, coin dealers estimated the number of US coin collectors at 5 to 10 million.  “Ian Russell of Great Collections estimated there are 10 million coin collectors in the U.S.” Moreover, he declared it on the Larry King Show.

The global coin collecting (numismatics) market is valued at approximately $17.59 billion in revenue annually.” This industry is growing all around the world. In addition, many starting coin collectors are discovering the joys of collecting all types of coins. From Silver Dollars to Pre-1993 dated US Gold Coins. In addition, the massive shift of wealth to Far East nations has also brought many new coin collectors. They are coming from Japan, China, Asia, and the rest of the world.

In conclusion, welcome to our new rare coins blog. If you have questions call us at 1-800-928-6468. Speak with one of our knowledgeable coin dealers.