Bolivia 1659-P E 8 reales

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Sedwick sale 27, lot 581
Áureo y Calicó sale 347, lot 178
The first specimen was lot 581 in Sedwick Treasure Auction 27 (Winter Park, FL, May 2020), where it sold for $386.75. The catalog description[1] noted, "Potosi, Bolivia, cob 8 reales, 1659E, NGC VF 35. Good full cross, full but doubled pillars in center of chunky flan with crude peripheries, richly toned with traces of encrustation in crevices. NGC #4435033-006." The second specimen was lot 178 in Áureo y Calicó sale 347 (Barcelona, March 2020), where it sold for €18,000 (about US$23,755 including buyer's fees). The catalog description[2] noted,
"1659. Felipe IV. Potosí. E. 8 reales. Redonda. Tipo "Real". Triple fecha. Mínima marquita circular. Bellísima. Preciosa pátina. Ejemplar de portada del catálogo Numsimática Española de 2019. Muy rara sin perforación y en este excepcional estado. EBC+. (kingdom of Spain, Philip IV, eight reales of 1659, round "royal" type, three dates, minor mark, exquisite with beautiful toning, plate coin in our new catalog. Very rare without hole and in this exceptional condition. Choice extremely fine.)"
Royals are known of this type from the Potosi mint but all are rare. The regular cob issues are not nearly as nice. The years 1649-52 were a period of reform at the Potosi mint; it was found that the previous mintmasters in office 1625-48 had been debasing the cobs, a crime for which one official paid with his life.

Recorded mintage: unknown.

Specification: 27.07 grams, 0.931 fine silver, .810 troy oz ASW, the first specimen 27.9 grams, the second specimen 27,46 g.

Catalog reference: Cayón-6519, S-P37a; KM-21; Cal-1523. The second specimen: AC. 1425, Lázaro 159.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1601-1700, 6th ed., Iola, WI: Krause Publications, 2014.
  • 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]Sedwick, Daniel Frank, Augi Garcia and Cori Sedwick Downing, Treasure Auction 27, Winter Park, FL: Daniel Frank Sedwick LLC, 2020.
  • [2]Sisó, Teresa, Eduard Domingo and Lluís Lalana, Subasta Publica 347: Seleccion de 500 Monedas, Medallas y Billetes, Barcelona: Áureo y Calicó, 2020.

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