Peru 1881-Ayacucho B 5 pesetas

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photo courtesy Heritage Auction Galleries
photo courtesy Heritage Auction Galleries

This type was struck as an experimental imitation of the contemporary Spanish five pesetas of the same weight and fineness. History does not reveal why this coinage was felt to be necessary as the Lima mint was simultaneously striking the sol, also of the same weight and fineness. One may note that 1882 was in the midst of the War of the Pacific and Lima was occupied by Chilean troops. The experiment does not seem to have been a success, as no other dates are known from Lima. There are some very rare issues from Ayacucho (shown here) dated 1881-82 and a medio real dated 1882.

This specimen was lot 24626 and sold on Apr 16, 2011 for $517.50 at the 2011 April Rosemont Signature World & Ancient Coins CICF Auction #3014 by Heritage Auctions. The catalog description noted: "Republic 5 Pesetas 1881M-B Ayacucho, AU Details NGC (excessive surface hairlines), cleaned long ago and now nicely toned, very sharply struck for this scarce branch mint coinage at Ayacucho."

Recorded mintage: unknown.

Specification: 25 g, 0.900 fine silver, 0.723 troy oz ASW.

Catalog reference: Eliz-237; WR 26; KM 201.3.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.
  • Raymond, Wayte, The Silver Dollars of North and South America, 2nd Ed., Racine, WI: Whitman Publishing, 1964.

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