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8 Reales - Carlos III
| Issuer | Casa de Moneda de Chile |
|---|---|
| Year | 1760-1770 |
| Type | Log in to see details |
| Value | 8 Reales |
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| Composition | Log in to see details |
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| Obverse description | Central field features the crowned Royal Arms of Spain — a quartered shield displaying the castles of Castile and lions of León, with the Granada pomegranate in the base — surmounted by an ornate royal crown. The assayer initial 'A' appears to the left of the shield and the denomination numeral '8' to the right, each accompanied by a rosette ornament. The circular legend, in Roman capitals, reads CAROLUS III D G HISPAN ET IND REX, running continuously around the periphery. The design is executed in the classic colonial milled 'pillar dollar' obverse style, with well-defined relief typical of the Santiago mint's mid-18th century production. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | CAROLUS · III · D · G · HISPAN · ET IND · REX * A 8 (Translation: Carlos the third by the grace of God King of Spain and the Indies) |
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| Additional information |
Carlos III inherited a colonial mint system riddled with fraud. The Santiago mint had been producing debased and underweight macuquina coinage for decades — a scandal that had already triggered royal investigations earlier in the century. The 8 reales struck during his reign represent the tail end of cob-style production in Chile before the transition to milled coinage, a shift he mandated across the empire partly in response to exactly that corruption.
Santiago's milled output during this window was modest compared to Mexico City or Potosí, making Chilean examples from this decade meaningfully scarcer in any grade.