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

Ferdinand VI, ruler of Spain from 1746 to 1759, left a lasting legacy in the numismatic history of his empire and colonies, particularly through the famous 8-reales coins, also known as "Cobs." These coins, struck in Spanish America, were central to the economy of the Spanish Empire, facilitating its global trade.

Colonial mints in Mexico, Peru, Bolivia, and other regions continued to produce these 8-reales, with particular activity at the Lima mint between 1747 and 1751. These coins were distinct for their irregular shape, caused by hand-striking, and featured a characteristic design: a cross on the obverse with the symbols of Castile and León, and on the reverse, the columns of Hercules with the inscription "PLVS VLTRA," symbolizing the Spanish Empire?s expansion. These coins were struck from silver primarily sourced from the Potosí and Mexican mines.

Under Ferdinand VI, Spain enjoyed economic prosperity, largely due to his policy of neutrality. The silver extracted from the colonies and minted into 8-reales was crucial for maintaining this stability. These coins circulated well beyond Spain?s borders, becoming a widely recognized trade currency across Europe, the Americas, and Asia, particularly in China through the Manila galleon trade.

By the end of his reign, the production of cobs began to be phased out in favor of more standardized coins struck by machine, responding to the need for greater precision in global trade. Today, the 8-reales coins minted under Ferdinand VI are prized by collectors, symbolizing Spain?s influence on global commerce during the 18th century.

917 Silver
Ø 33.00mm, Weight 26.50g
KM. 44, VF
Ferdinand VI
Peru
Lima