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You are asking about an 8 Reales coin from Mexico (KM#377.8). The coin weighs 27.07 grams and is 90.3% silver, giving it an ASW (Actual Silver Weight) of 0.7859 troy ounces. This coin was produced at the Guanajuato mint - 4,344,000 such coins were produced in 1897.
According to the Standard Catalog of World Coins, this coin is worth about US$10.00 in Fine condition, about US$12.00 in Very Fine condition, about US$18.00 in Extremely Fine condition, and about US$60.00 in Uncirculated condition. Since the "melt value" of the silver is US$13.63 (as of March 5, 2010, with silver at $17.34 per troy ounce), these values in circulated conditions are probably a little low.
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