Spanish Colonial Cob - 1/2 Reales - Dated 1778

Denomination: 1/2 Reales                                                                      Date: 1778 Mint: Mexico                                                                                         Assayer: F.F.     Mount: Sterling Silver ring                                                                       Reign: Carolus III Description: Reverse: Between the Pillars of Hercules (Gibraltar) is the Hapsburg shield representing the Crown. Obverse: Bears a traditional bust of the King. Latin inscription (CAROLUS IIII*DEI*GRATIA); “BY THE GRACE OF GOD” History: The Spanish Empire of the 18th and early 19th centuries was the leading producer of most of the world's coinage. Important Spanish mints and mining operations were then established in the Viceroyalty of Peru as early as the 1500's. This area of Northern South America now consists of the countries, Bolivia, Ecuador, Peru, Colombia. Royal Spanish mints were also erected in Mexico City. Seventy percent of the wo