Peru 1714-L M 8 reales
This specimen was lot 5949 in Goldberg sale 72 (Los Angeles, February 2013), where it sold for $1,064. The catalog description noted, "Peru. 8 Reales, 1714-M (Lima). Philip V. About Very Fine. The Victor Jaramillo Collection." 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 .931 to .917 in 1725.
Recorded mintage: unknown.
Specification: 27.07 g, .931 fine silver, .810 troy oz ASW.
Catalog reference: Cayón-9249, KM-34; Calbeto-289 v.
- 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.
- Ira and Larry Goldberg, Goldberg sale 72: The Pre-Long Beach Auction, Los Angeles, CA: Goldberg Coins & Collectibles, 2013.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.