8 Reales - Philip V Replica

The 1739 eight reales falls within the cob-style milled coinage produced at Mexico City during Philip V's second reign — he had abdicated in 1724 in favor of his son Luis I, then retook the throne after Luis died of smallpox seven months later. Mexico City was the highest-volume mint in the Spanish colonial system at this period, feeding silver extracted from Zacatecas and Guanajuato into Atlantic trade circuits that stretched from Cádiz to Manila.

This is a replica. The original KM#103 type was struck on a mechanically milled planchet, a technology Spain had mandated for its American mints following decades of fraud and short-weight cobs.