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The value of a 1794 Carolus V coin would actually depend on a number of factors. Most important of these factors would be the condition of the coin.

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Q: What is the value of 1795 Carolus III d.g. hisp. rex coin?
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Were replicas made of the 1792 carol IIII dg his pet ind r coin and are they worth anything?

It's actually "IIII" rather than "1111". Those are Roman numerals representing the number 4.Without more information it's not possible to pin down your coin exactly. The most I can say is that it is either Spanish or from one of the Spanish colonies of that time. Carolus IIII is Latin for Charles the 4th, who was the King of Spain at that time. However, his image appeared on colonial coins as well as those issued in Spain itself.The best thing I can suggest is to find a dealer who works with old foreign coins and ask them to appraise it for you.I found this information about a coin like you describe, I have two dated 1972: Sale: Triton VII, Lot: 1147. Closing Date: Monday, 12 January 2004. Estimate $600 Sold For $900COLUMBIA. Charles IV, King of Spain. 1789-1808. AV 8 Escudos (27.02 gm). AV 8 Escudos (27.02 gm). Nuevo Reino (Bogota) mint. Juan Rodriguez Uzguiano and Juan José Truxillo y Mutienx , assayers. Dated 1799. CAROL IIII D G HISP ET IND R 1801, draped and cuirassed bust right / IN UTROQ FELIX AUSPICE DEO, crowned royal coat-of-arms within Order of the Golden Fleece; 8 S (value) on either side; NR monogram (mint) and J J (assayers) below. C&C 13695; Friedberg 51; KM 62.1. EF with a flash of "cartwheel" lustre, small flan flaw on collar. ($600)From the Charles E. Weber Collection. Ex Lester Merkin (16 March 1967), lot 567.