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8 Reales - Carlos III
| Issuer | Casa de Moneda de México |
|---|---|
| Year | 1786 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | CAROLUS • III • DEI • GRATIA • 1786 • (Translation: Charles III by the grace of God) |
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| Reverse lettering | • HISPAN • ET IND • REX • Mo • 8R • F • M • (Translation: King of Spain and the Indies 8 Reales) |
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| Additional information |
The 1786 Mexico City 8 reales falls within the "milled" or "bust" coinage introduced under Carlos III to replace the cob coinage that had dominated Spanish colonial minting for over a century. The reform was partly a response to chronic counterfeiting — the irregular shape of macuquinas made them trivially easy to clip and difficult to authenticate. Mexico City was the highest-volume mint in the Spanish empire at this period, and 1786 production figures reflect that scale.
KM#106.2 distinguishes the assayer FM pairing under mint master Francisco Arance Cobos, whose initials anchor the variety designation.