8 Reales - Felipe V

Felipe V spent much of his reign battling the consequences of the War of Spanish Succession, and the Guatemala mint — established in 1731 — began striking macuquina coinage almost immediately under his authority. These cob-style pieces were hand-struck on irregularly cut planchets, making each example physically unique. The Guatemala mint was the last in Spanish America to abandon the cob format, continuing well past when other mints had transitioned to milled coinage.

Shipwreck recovery has introduced a significant number of these pieces to the market, some from the 1733 fleet lost off Florida's coast.