Peru 1705-L H 8 reales
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 518 at Cayon Subastas auction held February 4, 2012, where it sold for 270 euros (about $419 including buyer’s fees). The catalog description noted, "Lima. 8 reales. 1705 sobre 4 H. MBC+. Escasa. (Lima 8 reales 1705/4-H. Very fine +. Scarce.)"
Recorded mintage: unknown.
Specification: 27.07 g, 0.931 fine silver, 0.8102 troy oz ASW. This specimen 26.8 g.
Catalog reference: KM-34; Cayón-9187.
- 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.