Peru 1702-L H 2 reales
This specimen is one of a series struck in Lima early during the reign of Philip V (1700-1746). It is a 2 reales of the cob type, which means it was produced from an irregular chunk of silver by hammering. This was the manner of production for all Spanish colonial coinage in Lima up until the introduction of milled planchets in 1752. The obverse of the coin features a cross with the symbols for Castile and Leon. Above the cross is the number 2, denoting the denomination. To the left is L for Lima, and the assayer initial H is to the right. On the reverse, the pillars and waves motif forms the structure of the design, and the denomination appears again at the top. The mintmark is shown twice (10 and 4 o'clock), and the last three digits of the date (702) are shown under PLV SVL TR(A). The assayer initial H would have appears at 2 and 7 o'clock, had this part of the coin been struck up properly. The reason the mintmark and assayer are featured so many times is precisely because it was anticipated that strike would be uneven during production.
Recorded mintage: unknown.
Specification: 6.56 grams, 0.917 fine silver, .200 troy oz ASW.
Catalog reference: Lm 170, KM 32.
- Menzel, Sewall, Cobs, Pieces of Eight and Treasure Coins, New York: The American Numismatic Society, 2004.
- Krause, Chester L, and Clifford Mishler, Standard Catalog of World Coins, 1701-1800, 3rd ed., Iola, WI: Krause Publications, 2002.