Peru 1694-L M 2 reales

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Heritage sale 3029, lot 31689
Peru 1694 2 reales rev H3029-31689.jpg

This specimen was lot 31689 in Heritage sale 3029 (New York, January 2014), where it sold for $282. The catalog description[1] noted, "Carlos II Cob 2 Reales 1694-M, VF20 NGC. A nice example with a bold date and mintmark and assayer details." This specimen is one of a series struck in Lima late in the reign of Charles II (1664-1700). It is a two reales of the cob type, which means it was produced from an irregular chunk of silver by hammering. This was the manner of production for all Spanish colonial coinage in Lima up until the introduction of milled planchets in 1752. The obverse of the coin features a cross with the symbols for Castile and Leon. Above the cross is the number 2, denoting the denomination. To the left is L for Lima, and the assayer initial M is to the right. On the reverse, the pillars and waves motif forms the structure of the design, and the denomination appears again at the top. The mintmark is shown twice (10 and 4 o'clock), and the last two digits of the date (94) are shown under PLV SVL TRA. The assayer initial M shows at 2 and 7 o'clock. The mintmark and assayer are featured multiple times to make sure at least one would be legible, even on a botched strike.

Reported Mintage: unknown.

Specification: 6.77 g, .931 fine silver.

Catalog reference: Cayón no. 7399, KM 21.

Source:

  • 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.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1601-1700, 6th ed., Iola, WI: Krause Publications, 2014.
  • [1]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.

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