Peru 1822-L JP 8 reales Peru Libre
The first specimen shown is a scarce type minted in Lima, Peru by the republicans during 1822-23. The mint was recaptured by the royalists and held by them until their final collapse in 1824. During that period, many of the "Peru Libre" pieces were counterstamped with a crown (KM 130). Attesting to the improvised nature of this issue is that nearly all survivors are weakly struck in the centers, and the specimen shown is typical.The second specimen was lot 1174 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $3,200. The catalog description noted,
"Peru - Republic. 8 Reales, 1822 JP (Lima). 27.16 grams. Arms in shield, supported by eagle and alpaca, flags and palm behind. Reverse: Justice and Virtue stand flanking bannered column. Quite decent strike, with especially clean surfaces. Fine, even medium toning. Vibrant cartwheel luster. The first crown for Independent Peru. This being one of the finest known examples. NGC graded MS-63.
"Peru's independence was proclaimed in 1821, but the revolution dragged on until 1824. Spain did not want to relinquish this profitable colony, and actually made additional attempts to retake it. It was not until 1879 that Spain officially recognized Peru's independence. This crown is known as the Peru libre (free Peru), type. A tough coin to find this choice."
Recorded mintage: unknown.
Specification: 25 g, .903 fine silver, .726 troy oz ASW.
Catalog reference: WR 14; Eliz 98; KM 136.
- Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.