Peru (1568-71)-P R 8 reales

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Goldberg sale 87, lot 3407
Peru G87-3407r.jpg

This specimen was lot 3407 in Goldberg sale 87 (Los Angeles, September 2015), where it did not sell. The catalog description[1] noted, "Peru. 8 Reales, No Date (c.1568-1571), P-R (Lima). Assayer, Rincon. Philip II, of Spain, 1554-1598. Crowned arms of Castile and L[e]on; assayer's initial at left. Reverse: Crowned pillars over waves, motto between; value below. Very few specimens are known to exist. In the Millennia Collection a slightly better example sold for $240,000. Very Rare. NGC graded About Uncirculated, Details (Excavation Recovery, not in holder with tag)." After an unsuccessful experiment in the 1530's, the Mexico City mint gave up tring to mint eight reales until the reign of Philip II, at which time the Lima mint joined in the production of cobs. This is the first eight reales catalogued for Lima and is very rare.

Recorded mintage: unknown.

Specification: 27.07 g, .931 fine silver, .810 troy oz ASW, this specimen 25.6 grams.

Catalog reference: KM-13; WR-1; Sellschopp 1; Calbeto-243, Cayón-3912.

Source:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, vol. 1, 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.
  • Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.
  • [1]Goldberg, Ira, Larry Goldberg, John Lavender, Yifu Che, Jason Villareal and Stephen Harvey, Goldberg Sale 87: the Pre-Long Beach Auction, Los Angeles: Goldberg Coins and Collectibles, 2015.

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