Peru 1686-L R 8 reales

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Sedwick Treasure auction 26, lot 438

This specimen was lot 438 in Sedwick Treasure Auction 26 (Winter Park, FL, November 2019), where it sold for $654.50. The catalog description[1] noted, "Lima, [[Peru], cob 8 reales, 1686R. Broad flan with full and well-centered pillars, bold full cross (off-center), (CA)ROLVS in legend, two bold mintmarks and assayers, one bold date and part of another, richly toned VF with tiny edge-split." Despite pleas from locals in Lima for a mint, Spanish authorities preferred to concentrate coinage production at Potosi in Upper Peru. The mint was shuttered multiple times by orders from Spain, not to reopen permanently until 1684. Cob eight reales were struck at the Lima mint 1684-1700 for Charles II of Spain and became the "pieces of eight" of pirate lore. The Mexico City mint was converted to milled coinage in 1732-34 but Lima would not follow suit until 1751.

Recorded mintage: unknown.

Specification: 27.07 g, .931 fine silver, this specimen 26.81 g.

Catalog reference: S-L7; KM-24; CT-229, Cayón-7613.

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, 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.
  • [1]Sedwick, Daniel Frank, Augi Garcia and Cori Sedwick Downing, Treasure Auction 26, Winter Park, FL: Daniel Frank Sedwick LLC, 2019.

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