Peru 1720-L M 8 escudos
This specimen was lot 31457 in Heritage sale 3064 (Chicago, April 2018), where it sold for $4,800. The catalog description noted, "Philip V gold Cob 8 Escudos 1720/19 L-M XF - Polished, Mount Removed, Lima mint. Nicely detailed and centered, however once set in jewelry with evidence of mount removal at 12 o'clock and surfaces that have been unnaturally brightened as a result. An affordable example of the type." This type is recorded for 1710-47. The Mexico City mint was converted to milled coinage in 1732-34 but Lima would not follow suit until 1751.
Recorded mintage: 53,003.
Specification: 27.07 g, .917 fine gold, .798 troy oz AGW, this specimen 32 mm diameter, 26.87 g.
Catalog reference: Fr-7, KM 38.2.
- 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.
- Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- Tucker, Warren, and Cris Bierrenbach, Heritage Signature Auction 3020: World Coins, Dallas, TX: Heritage Auction Galleries, 2012.