Authentic Spanish Cob - 1/2 Reales - Dated 1804 - Sterling Silver Colonial Ring

Denomination: 1/2 Reales Mint: Madrid, Spain Mount: Sterling silver ring Date: 1804 Assayer: Not Visible Reign: Carolus IIII Mount: Sterling Silver ring 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 world's gold and silver were produced in the colonies between the 1500's and 1700's. Spain's monetary system was so well accepted throughout the world that it became the world trade curren