It is similar to a Spanish Peruvian 8 Escudos featuring king Philip V (1700-46).If genuine this 87.5% gold coin should weigh 27.0 grams and would contain .7960 of an ounce of gold. Collector value may be from the gold value up to about $1000 or more depending on the price of gold, wear and demand.You might take it by a local coin shop for a first hand opinion: Good Luck !
Gold is not only a safe investment according to Fox News, but it has been the standard symbol of wealth since man first found some laying around on the ground. It is a heavy, soft, malleable metal with excellent conductive properties. Plus it makes for a pretty necklace.
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