Stack's Bowers & Ponterio
Collector's Choice December 2021 Auction 30 Nov - 3 Dec 2021
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The Mexican 8 Reales and Peso became the standard coin throughout much of the world, including China. In fact, during the main trading period, up to or possibly more than 40% of the silver from Mexico and Peru were shipped to China for trading of silk and spices. The weight and size became the standard for the 7 Mace 2 Candareens (Dollar), and each minor based on that same scale. Some could even make a direct link to the coin styling of the Republic era silver coins, Yuan Shih-kai for example, to those of the early Spanish silver with the busts of their kings.
Estimate: $100 - $200