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

Ferdinand VI, King of Spain from 1746 to 1759, left a significant mark on the numismatic history of Spain and its colonies, particularly through the famous 8-reales coins, often called "Cobs." These coins, struck in Spanish America, played a crucial role in the economy of the Spanish Empire and its global trade.

During his reign, mints in Mexico, Peru, Bolivia, and other parts of Spanish America continued to produce these coins, with the Lima mint being particularly important for the production of 8-reales "Cobs" between 1747 and 1751. These coins were characterized by their irregular shape, struck by hand, as well as a distinctive design: the obverse featured a cross surrounded by the symbols of the kingdoms of Castile and León, while the reverse depicted the columns of Hercules with the inscription "PLVS VLTRA," symbolizing the expansion of the Empire. They were struck from silver mainly sourced from the mines of Potosí and Mexico.

Ferdinand VI is known for his policy of neutrality in international affairs, favoring peace and stability over war. This approach allowed for relative economic prosperity during his reign. The silver extracted from the colonies and turned into coins, especially the 8-reales, was vital for maintaining this economic stability and funding the administrative and cultural reforms undertaken in Spain.

The 8-reales coins, under Ferdinand VI, were used far beyond Spain?s borders. These coins were recognized for their quality and standard weight, making them a reference currency in international trade. They circulated across Europe, North America, Africa, and even Asia, where they were highly sought after for trade, especially in China through the Manila galleon trade.

By the end of Ferdinand VI?s reign, the methods of coin production began to evolve. The cobs, with their irregular shape, were gradually replaced by more regular coins struck using machines. This transition responded to the growing demand for precision and standardization in global trade.

Today, the 8-reales coins struck under Ferdinand VI are highly prized by collectors for their historical significance and symbolic meaning. They represent an era when the Spanish Empire, though politically declining, still played a central role in global trade thanks to the silver from its colonies.

917 Silver
Ø 34.00mm, Weight 26.92g
KM. 44, VF
Ferdinand VI
Peru
Lima