Peru 1732-L N escudo

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Heritage sale 3042, lot 30265
photo courtesy Heritage Auction Galleries

This specimen was lot 30265 in Heritage sale 3042 (Long Beach, September 2015), where it sold for $5,581.25. The catalog description[1] noted, "Philip V gold cob Escudo 1732 L-N AU58 NGC, Lima mint. Essentially Mint State with very slight high-point friction evidence, highly lustrous fields and a well defined strike for the issue. The only confirmed example of this date and a splendid and well-pedigreed type coin for this rare type, thus very desirable as such. Ex. Caballero de las Yndias Collection (Aureo 4/2009, lot 559 for E5,800); 1733 Plate Fleet." This type is recorded for 1702-45 and all dates are rare with tiny mintages. The Mexico City mint was converted to milled coinage in 1732-34 but Lima would not follow suit until 1751.

Recorded mintage: 1,108.

Specification: 3.38 g, .917 fine gold, .099 troy oz AGW.

Catalog reference: Cayón-unlisted, KM 35 ("rare"), Cal-466.

Source:

  • 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: 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.
  • [1]Cristiano Bierrenbach, Warren Tucker and David Michaels, Heritage World Coin Auction 3042, featuring the Read and Bob Bennett Collections, Dallas, TX: Heritage Auction Galleries, 2015.

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