1799 PTS PP Bolivia Charles IV Silver 4 Reales NGC MS63 FINEST KNOWN Must Buy!

Description

1799 PTS PP Charles IV Silver 4 Reales NGC MS63 the FINEST KNOWN
One of the most fascinating areas of world coin collecting is that of Spanish colonials. These coins circulated freely during the colonial period of the New World, both North America and South America. You can find essentially the same coins minted in the Spanish colonies of Bolivia, Chile, Columbia, Guatemala, Mexico, and Peru, from the early 1600s to the early 1800s. They circulated as far north as Canada and as far east as Florida.
The rich deposits of precious metal in the New World were too much for Spanish royalty to resist. They were therefore exploited and carried back to Spain. To hasten this process, bars of silver and gold were hacked into chunks of proper weight and struck with heavy hammers between crude, hard-metal dies. The strike imparted a Spanish pattern, or part of a Spanish pattern, into the coin. The Spanish word cabo (English cob) refers to the end of the bar. The size, shape and impression of these cobs was highly irregular. However, they were of proper weight, and that is what mattered to Spanish officials. If a cob was overweight, the minter simply clipped a piece off.
Eventually the crude manufacture of cob coins was replaced by more modern minting technology. Milled coins were made by rolling the silver and gold into sheets of uniform thickness and punching out coin blanks, or planchets, for striking in large screw presses. The presses did a much better job than the hammers used to produce cobs.
This coin would be a wonderful addition to any collection of Spanish Colonial coins. This Silver 4 Reales has developed an attractive surface patina.
Obverse
Laureate bust Right
Lettering: CAROLUS IIII·DEI·GRATIA
Reverse
Crowned Arms between pillars
Lettering: HISPAN·ET·IND·REX·
Spanish mining town of Potosi was founded in the Andes mountains of modern-day Bolivia, and for next 250 years, the mines of Potosí would fund the Spanish crown and its imperial ambitions. But what the Spanish did not know is that having too much silver could have disastrous consequences.
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