Peru 1761-L JM 1/2 real
This specimen is one of a series struck 1760-72 during the reign of Carlos III (1760-1788). There are several varieties for this year, including an overdate, a normal M in the mintmark, and a variety without a pellet after the date. This example is the 1761/0 overdate, and it also has a normal M in the mintmark. This variety combination is unlisted, hence the rarity is unknown. As a class, colonial coinage of Peru is much less plentiful than that of Mexico, though it is more available than the remaining mints. However, Harris noted only one-fifth as many Peruvian half reales of Charles III as that of Mexico, so it is safe to say that this type is scarce.
Recorded mintage: unknown.
Specification: 1.69 grams, .917 fine silver, .049 troy oz ASW.
Catalog reference: L-05-13a, KM 51.
Gilboy, Frank F., The Milled Columnarios of Central and South America: Spanish American Pillar Coinage, 1732 to 1772, Regina, Saskatchewan: Prairie Wind Publishing, 1999.
Harris, Robert P., Pillars & Portraits, San José, CA: Bonanza Press, 1968.
Krause, Chester L, and Clifford Mishler, Standard Catalog of World Coins, 1701-1800, 3rd ed., Iola, WI: Krause Publications, 2002.