This fabulous solid silver Spanish Reale is also known as a Pillar Dollar or a Piece of Eight. These were the first American Silver Dollars ever minted (see listing for a similar coin in the U.S. Silver Coins category for more details). This coin is dated 1788 and is in MS-63 condition or better. Minimal chop markings. Excellent, sharp details. This coin has been mounted in a sterling silver ribbed frame and suspended from a long silvertone link chain. The rim is hallmarked sterling. The pendant measures 1 3/4 inches across. The chain is ordinary, and slips over the head. No clasp. This is an extraordinary find in exceptional condition. Very Rare item!