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Shipwreck Spanish Silver 8 Reales (Charles III)
The date of the coin is clear being 1785 and was struck during the period when Charles III was King of Spain in the years 1759 to 1788.
The reverse shows the well-known Pillars of Hercules.
The Spanish 8 Reales coins are famously known as "Pieces of Eight" due to their historical use as a currency, particularly in the old pirate tales.