Coin Peru Ferdinand VI - 8 Silver Reales - Cob - 1747-1751 - Lima

King Ferdinand VI, who ruled Spain from 1746 to 1759, played a significant role in the numismatic history of Spain and its colonies, particularly with the famous 8-reales coins, known as "Cobs." These coins, struck in the colonial mints of Spanish America, were crucial for the economy of the Spanish Empire and its international trade.

The Lima mint in Peru was particularly important in producing 8-reales coins between 1747 and 1751. These coins were distinguished by their irregular shape, due to being hand-struck, and featured a distinctive design: a cross with the symbols of Castile and León on the obverse, and the columns of Hercules with the inscription "PLVS VLTRA" on the reverse, symbolizing the expansion of the Spanish Empire. The silver used to mint these coins was largely sourced from the mines of Potosí and Mexico.

During his reign, Ferdinand VI promoted a policy of neutrality that allowed for Spain?s economic prosperity. The silver from the colonies, minted into 8-reales, was an essential resource for maintaining economic stability. These coins circulated widely, becoming an international currency used in trade, especially in China through the Manila galleon trade.

By the end of Ferdinand VI?s reign, cobs were gradually replaced by more regular coins struck mechanically to meet the growing demand for precision in global commerce. Today, the 8-reales coins minted under Ferdinand VI remain valuable collector?s items, representing Spain?s central role in the global trade networks of the 18th century.

917 Silver
Ø 35.00mm, Weight 26.92g
KM. 44, VF
Ferdinand VI
Peru
Lima