Bolivia 1771-P V 8 reales
The Spanish colony of Upper Peru produced hammered cob coinage at the Potosi mint from 1573 to 1773, with a major debasement scandal and subsequent reform occurring in 1649-1652. The period 1767-1770 saw simultaneous issue of milled columnarios. The royal or presentation issues are very rare and highly sought after, while the regular strikes vary in price according to the visibility of the date, mint, and assayer initials.
The specimen shown was lot 875 at Cayon Subastas auction held February 4, 2012, where it sold for 205 euros (about $318 including buyer’s fees). The catalog description noted "Potosí. 8 reales. 1771. V poco visible. Dos resellos de la República de Centro América, uno cancelado y el otro de 1839. MBC. (Potosi 8 reales 1771-V. V almost not visible. Two counterstamps from the Central American Republic, one cancelled at the other from 1839. Very fine.)"
Recorded mintage: unknown.
Specification: 27.07 g, 0.917 silver, 0.798 oz ASW. This specimen 26.7 g.
Catalog reference: KM-45; Cy-11993; KM100 as counterstamped, listed under Guatemala.
- Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, vol. 1, Madrid: Cayón9-Jano S.L., 2005.
- Cayon Subastas, Auction February 2012: Highly Important Collection of Spanish and Latin American 8 Reales and other Coins from the Spanish Empire, Madrid: Cayon Subastas, 2012.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.