Bolivia (1576-78)-P L 2 reales

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Steve Album sale 38, lot 1861
Bolivia SA38-1861r.jpg

This specimen was lot 1861 in Stephen Album sale 38 (Santa Rosa, CA, September 2020), where it sold for $261.80. The catalog description[1] noted, "BOLIVIA: Felipe II, 1556-1598, AR cob 2 reales, Potosí, assayer L, struck 1576-78 in the style of Lima, NGC graded VF30, R." The mountains around Potosi contained enormous amounts of high grade silver ore, a situation the Spanish were not slow to exploit. A mint was set up in the 1570's to process the silver mined there. The early products of the reign of Philip II are fairly good quality but rot set in during the following reign, including fraudulent debasement. The Potosi mint was the first mint in the western hemisphere to date its products. Dating began in 1617.

Recorded mintage: unknown.

Specifications: 6.77 g, .931 fine silver, this specimen 6.71 g.

Catalog reference: Calico-492, Cayón-3616.

Sources:

  • Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.
  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • Menzel, Sewall, Cobs, Pieces of Eight and Treasure Coins, New York: The American Numismatic Society, 2004.
  • [1]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Norman Douglas Nicol, Auction 38, featuring the Dabestani Collection of Persian Coins, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2020.

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