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Mexican 8 Real Coin made of White Jade


Al Kowsky
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During the 18th & 19th centuries foreign trade with China was a lucrative business. American & European entrepreneurs were scrambling to get goods from China like: tea, porcelain, silks, & decorative items of all sorts. However there was a big problem doing business with the Chinese, they weren't interested in any goods manufactured in the West 😏! The only thing they would accept in trade for their goods was silver coins, specifically 8 real coins made in Mexico & other Latin American countries 😬. These were the only coins they trusted for honest weight & purity of silver. They reluctantly accepted other silver dollar size coins that were seriously discounted 😖, & these coins were chop marked by merchants after every transaction to prove they weren't plated fakes or low alloy silver. While browsing through my files I stumbled on a very rare Chinese carved white jade Mexican 8 real coin auctioned by Sotheby's for $44,594.00 😮! Why anyone would carve one of these coins from precious white jade has me puzzled 🤔. I'm guessing it was probably made for a very wealthy Chinese merchant after completing a big transaction. The coin also had a finely carved teakwood stand to display it 😊.

755484675_19thcen.whitejadeChristiesest_8000.jpg.57c5cf45178178db0a3ecae631694051.jpg

For comparison a Mexican 8 real coin is pictured below, courtesy of CoinsHome website.

1645026141_CoinsHomewebsitecoin-image-8_Real-Silver-Spanish_Mexico_.jpg.bcb9f2e3756d0e56c1e46664d9de9d98.jpg

Pictured below are 3 silver dollar size coins I sold at CNG Auction 483, with Chinese chop marks. The 3 coins sold as a lot for $826.00.371612526_TradeCoinswithChineseChopmarks.jpg.2e13e653bebd94b8d709edea1bfd36b5.jpg

Members from NVMIS FORVMS are welcome to post anything relevant on this thread ☺️.

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5 minutes ago, UkrainiiVityaz said:

Junk box pick up for melt:

 

meksiko8reales1781.jpg.de7d409f6ab79d0addb78484ebde1c88.jpg

 

Wow 😮, great score for melt value ☺️! Many collectors & dealers aren't familiar with the historical significance of these coins 😉.

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