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Bust Reales, aka "Bustos" (1772 - 1825) ( Updated 7/28/08 )
In 1770 Carlos III decided to again revamp the types of his silver coinage. The royal bust, hitherto reserved for gold coinage, now would grace the obverse of his reales. An odd amalgam of pillar and shield design became the reverse type. The Bust coinage was launched with some atypical co-ordination by all the active New World mints in 1772. It lasted for about 50 years until, under the inept and harsh reign of Fernando VII, the New World colonies broke from Spain and became independent. Royalist coinage ceased at the Mexican mints 1821-23. Lima and Potosi finally ceased in 1824 and 1825 respectively.
The following Bust Reales are currently offered for sale:
MM MEXICO. Eight Reales.
MEXICO (reverses of the bustos above).
Lima. Eight Reales.
Lima (reverses of Bustos above)
. Available for
Lima. Eight reales. 1807 JP. Choice to Gem Brilliant Uncirculated. NGC MS63 Calico-Trigo tipo 76 num. 639
An exceptionally clean and lustrous coin, sharply struck and with attractive peripheral toning. No adjustment marks or planchet problems of any kind. I would call it without hesitation a Gem BU Busto, but NGC in its wisdom deems it MS 63, and so it is priced. I can tell you I have never seen a better one. Struck in the final year of Carlos IV's unhappy reign when Napoleon finally decided to depose the inept Bourbon monarchy.
Available for $1680.
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