Peru 1701-L H 8 reales

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photo courtesy Cayón Subastas

Cob eight reales were struck at the Lima mint 1701-46 for Philip V of Spain and became the "pieces of eight" of pirate lore. Specimens with legible dates bring triple those without. The fineness was lowered from 0.931 to 0.917 in 1725.

The specimen shown was lot 517 at Cayón Subastas auction held February 4, 2012, where it sold for 170 euros (about $264 including buyer’s fees). The catalog description[1] noted, "Lima. 8 reales. 1701. H. Resellado en la República de Centro América en 1839. Cy9166 (este mismo ejemplar). Agº tapado. BC. (Lima 8 reales 1701-H. Counterstamped in the Central American Republic in 1839. Plate coin for Cayón. Repaired piercing. Fine.) "

Recorded mintage: unknown.

Specification: 27.07 g, 0.931 fine silver, 0.8102 troy oz ASW. This specimen 26.3 g.

Catalog reference: KM-34; Cayón-9166 (KM110.1 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: 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.
  • [1]Cayón Subastas, Auction February 2012: Highly Important Collection of Spanish and Latin American 8 Reales and other Coins from the Spanish Empire, Madrid: Cayón Subastas, 2012.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.

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