Bolivia 1718-P Y real
This specimen was lot 30363 in Heritage sale 3029 (New York, January 2014), where it sold for $7,637.50. The catalog description noted, "Felipe V Heart (Corazon) Shaped Real 1718 P-Y, VF30 NGC. Some double-striking is noted, with the normal piercing seen on virtually every genuine heart-shaped cob. The date is clear and the shape perfect for the type with perfectly aligned medallic axes, a nicely formed stem at the to[p], and a gently curved tail. The exact reason for the production of these pieces is unknown, but it is thought to have some religious significance, and the pieces were worn, in various ways, by women members of the Church." The Potosi mint was the most prolific issuer of silver during the seventeenth and early eighteenth centuries, nearly all of it cobs such as this. This type was struck 1702-28 and was superseded by a later type (KM 28a) which was .917 fine silver. The other Latin American mints placed the date near the edge where it rarely struck up, whereas Potosi issues have the date smack in the middle, ensuring that the date would be legible even if the rest of the design was smeared. As a result, Bolivian cobs can be collected by date, unlike the other mints (Mexico, Lima, Guatemala). The Potosi mint was the last to abandon the manufacture of cobs, in 1773.
Recorded mintage: unknown.
Specification: 3.38 g, .931 fine silver, .101 troy oz ASW.
Catalog reference: Cayón-8401, Calico-1621, KM 28.
- 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.
- Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.
- Bierrenbach, Cristiano, Stuart Levine and Bruce Lorich, Heritage World and Ancient Coins Auction 3029, featuring Selections from the Eric P. Newman Collection, Part III, Dallas, TX: Heritage Auction Galleries, 2013.