This coin, the Mexico 8 Reals(pieces of 8) from 1788, was minted during the Spanish colonial period in the oldest mint Mo (Mexico City)and served as a significant trade coin in the Americas and Asia. Its widespread use, coupled with historical economic imports, contributes to its historical desirability. Accurate mintage figures aren't easily available, but many pieces would have circulated, often melted or worn, affecting survival rates negatively.