Description: The silver cob coinage of Bolivia refers to a type of coin minted during the colonial period, specifically in the 17th century. "Cob" coins were irregularly shaped, chunky pieces of metal, usually silver, that were produced in Spanish colonies in the Americas. The term "cob" is derived from the Spanish word "cabo," meaning "end" or "top," as these coins were cut or broken from a strip of metal and then hammered into rough, irregular shapes.Key features of Bolivian silver cob coinage include:A well centered cob with full crest and details visible and scarce as such. This Bolivia cob from the reign of Philip IV minted during the first half of the 17th century is a highly desirable specimen sure to catch the eye of specialists of this iconic area of numismatics. A prize for the next owner. Colonial Period: Bolivia, then part of the Viceroyalty of Peru, was an important source of silver during the colonial era. Silver mines such as Potosí were among the richest in the world, and the extracted silver was used to mint coins. Potosí Mint: The Potosí Mint in Bolivia was one of the major mints in the Spanish colonial empire. It produced a significant amount of silver coins, including cobs, to meet the demand for currency. Irregular Shape: Cob coins were not round like modern coins but instead had irregular shapes. They were often cut or broken from a cast strip of metal, resulting in uneven edges and thickness. Design Elements: Cob coins typically featured basic design elements, such as the Spanish coat of arms or the Pillars of Hercules and globes design. However, the quality of the design was often crude due to the minting process. Denominations: Cob coins were produced in various denominations, including 1, 2, 4, and 8 reales. The real was a standard unit of currency in the Spanish colonies. Use in Trade: Silver cobs were widely used in trade within the Spanish Empire and beyond. They played a crucial role in the economic system of the time, facilitating commerce and trade between Europe, the Americas, and Asia. Countermarking: Due to the irregular shape and crude design of cobs, countermarking was sometimes applied to validate the coins or adjust their value. Countermarks were additional markings stamped onto the coin's surface. End of Cob Coinage: The production of cob coins gradually declined as technological advancements allowed for more efficient minting processes. By the late 17th century, coins with more standardized shapes and designs became more prevalent.Bolivia's colonial cob coinage reflects the economic importance of its silver mines and the role of the Potosí Mint in supplying currency to the Spanish Empire. Today, these coins are sought after by collectors for their historical significance and unique characteristics.
Price: 895 USD
Location: Palm Beach Gardens, Florida
End Time: 2024-08-13T18:29:03.000Z
Shipping Cost: 0 USD
Product Images
Item Specifics
Return shipping will be paid by: Seller
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Denomination: 8 Reales
Circulated/Uncirculated: Circulated
Composition: Silver
Year: 1621
KM Number: 10
Country/Region of Manufacture: Bolivia
Certification: NGC
