Peru 1738-L N 8 escudos

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Heritage sale 3040, lot 30324
photo courtesy Heritage Auction Galleries

This specimen was lot 30324 in Heritage sale 3040 (Chicago, April 2015), where it sold for $5,405. The catalog description[1] noted, "Philip V gold Cob 8 Escudos 1738/7 L-N AU53 NGC, Lima mint, Well preserved with slight high-point wear defining the grade. A scarcer overdate of this elusive and popular gold issue, unlisted in both KM and the Onza reference. Rare and desirable in this engaging quality." 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: 129,603.

Specification: 27.07 g, .917 fine gold, .798 troy oz AGW.

Catalog reference: Cayón-10050, KM 38.2 (for type), Onza-unl.

Source:

  • 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.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [1]Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage Signature Auction 3040, featuring the Santa Maria, the Alan Dean and the Valley View Life Collections, Dallas, TX: Heritage Auction Galleries, 2015.

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