Philip V "Milled" 8 Reales 1732 Mo-F MS61 NGC, Mexico City mint, KM103, Cal-774, Cay-9349. A fantastic rarity and one of the most highly sought dates in the Mexican 8 Reales series--the 1732 8 Reales, the first milled 'dollar' of Mexico. Though a royal decree of 1728 had authorized the striking of circular coins in the Spanish realm, it was not until March 29, 1732, following the mintage of milled portrait-style 8 Escudos, that the first 'Pillar' 8 Reales were struck at Mexico City; gaining widespread popularity, minting quickly extended throughout the Spanish colonies and they circulated widely in the Americas and the young United States. Struck with a watery Prooflike finish and only the most minor evidence of contact, the present offering is one of just 3 Mint State-certified pieces at NGC, outranking the Millennia Collection specimen by a full 3 grade points.

HID09801242017

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