Peru 1726-L M 8 escudos

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Sedwick sale 25, lot 16

This specimen was lot 16 in Sedwick sale 25 (Winter Park, FL, May 2019), where it sold for $5,950. The catalog description[1] noted, "Lima, Peru, cob 8 escudos, 1726M, NGC XF 45. Very bold full cross-lions-castles (flat on high points), bold full pillars-and-waves, traces of toning around details, this date actually scarcer than the previous Louis I issue of 1725. NGC #4825091-001." 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: 48,734.

Specification: 27.07 g, .917 fine gold, .798 troy oz AGW, this specimen 26.97 grams.

Catalog reference: Cayón-9991, Fr-7; S-L28b; KM-38.2; CT-39.

Source:

  • [1]Sedwick, Daniel Frank, Augi Garcia and Cori Sedwick Downing, Treasure Auction 25, Winter Park, FL: Daniel Frank Sedwick LLC, 2019.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • 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.
  • 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.

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