1795-M MF PCGS AU55 2 Real Calico-603 Top Pop

1795-M MF PCGS AU55 2 Real Calico-603  TOP Pop

The 1795-MF 2 Reales from the Mexico City Mint is a beautiful survivor from the early years of the Spanish colonial silver coinage system, struck during the reign of King Charles IV. Bearing the classic “Pillars and Waves” design that had dominated Spanish coinage for decades, this piece represents the global trade currency of its era — silver that circulated not only throughout the Americas, but also across Europe and Asia. The MF assayer initials identify Manuel de la Peña y Flores, whose mark appears on Mexican issues of the late 18th century.

Graded PCGS AU55, this example displays strong detail throughout, with sharp pillar lines, well-defined legends, and only light wear on the highest points. Attractive original surfaces remain intact, and the coin retains pleasing luster in protected areas — a notable feature for a piece that saw active circulation more than two centuries ago. The strike is solid for the type, and the overall eye appeal is far above average for early milled Spanish colonial silver.

Cataloged as Calicó-603, this variety is well recognized among collectors of Spanish and Latin American coinage. The 2 Reales denomination was a true workhorse coin — often called a “two-bit” piece — and played an essential role in everyday commerce across the Spanish Empire and early United States.

Owning a coin like this means holding a tangible link to the late 1700s world economy — a time when silver from Mexico literally fueled international trade. With its desirable grade, clear attribution, and strong eye appeal, this 1795-MF 2 Reales offers both historical significance and solid collector value.

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