This time we will talk about the . Specifically about the macuquinas, which were issued in colonial America in the 16th century until the middle of the 18th century.
These days where the economic crisis abounds we try to scratch from anywhere for . It is possible that our life saver for these moments is in our pockets or purses. If fortune is such, we can have a macuquina in our possession.
According to the numismatic portal, this type of coin, which has an irregular shape, is the result of the founding of the 4 Spanish-American mints established by the Spanish Crown.
“For this, in order to provide metallic currency both in the colonies and on the peninsula, the famous mints of Mexico (Mexican macuquinas), Santo Domingo, Lima and Potosí were opened,” says Javier Mercado, an expert in numismatics and editorial coordinator of the portal.
The expert clarifies that the most relevant specimens of this type for coin collecting are the mints of Lima and Potosí.
What makes this type of coin unique?
These pieces of interest were manufactured by hand with stamping punches in a blank. This simple manufacturing method made each coin totally “one of a kind”.
How to know if you have a macuquina coin
It is not so easy given the age of its manufacture. As Mercado explains, this type of specimen is not always found in its total composition. “There are often parts of the part’s surface that cannot be identified. In this case we have no choice but to infer those data and features that have been lost,” he adds.
Relevant data of these specimens
The expert points out that the value of the material of the coin is the “easiest” to find out, since the specific weight and size of the coin tell us if it is a gold, silver or fleece coin (silver for below 50%).
The most important data
– Year of the piece.
– Kingdom to which it belongs.
– The issuing Mint or Mint: in most cases we will find a P for Potosí or an L for Lima.
Macuquinas or ‘hard’ silver at 5,000 euros
The most common value of the macuquinas is 8 reais. According to experts, millions of coins of this type were minted during the colonial period. These coins are known by different names such as Real de a 8, Macuquina, Peso, Patacón or Duro. The reference price of a macuquina of 8 silver reais is about 5,000 euros.
Gold macuquinas at 9,000 euros
Lima gold macuquina coins are highly sought after by coin buyers. The reference price of this copy is 9,000 euros.
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