What is the value of a 1796 Carolus IIII Dei Gratia coin in good condition worth?

Answer 1

These coins mostly started life as a silver Spanish American 8 Reale coin and were "acquired" by the British from the Spanish in a number of what could be described as unfriendly encounters.

The 8 Reale coins may have been minted variously in Mexico, Bolivia, Chile, Guatemala, Peru or Spain and carried the portrait of Carolus IIII (King Charles IV of Spain) on the obverse, and various designs on the reverse including the words "HISPAN" or "HISPANIARUM".

Due to Britains currency difficulties during the late 18th and early 19th centuries as a result of the expenses of ongoing wars with various adversaries, these Spanish coins were countermarked with various small marks showing King George III of Britain, and were subsequently known as the "Emergency Issue" or, the "Bank of England Dollar".

These new coins with a variety of original dates on them, were issued into circulation by the Bank of England in 1804 to relieve the shortage of currency and had a face value of 4 Shillings and 9 Pence.

Depending on the condition of the coin, the year on the coin, the countermark and the mint of origin, these coins could be worth anything from £120 to £2,250 GBP.

A reputable coin dealer will be able to positively identify the coin and give a more accurate valuation.