Peru 1718-L M 8 reales
This specimen was lot 2926 in Ponterio sale 164 (New York, January 2012), where it sold for $546.25. The catalog description noted, "PERU. 8 Reales, (1)718. Assayer M. Philip V (1700-46). RARE date. Crude strike. FINE. Ex: Sellschopp Collection, Part of lot 210." 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-9265, KM-34; Cal-type-131#640.
- 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.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- Ponterio, Richard, Ponterio sale 164: The January 2012 N.Y.I.N.C. Auction, Irvine, CA: Stack's Bowers LLC, 2011.