Peru 1739-L V 8 reales
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 0.931 to 0.917 in 1725.
The specimen shown was lot 528 at Cayon Subastas auction held February 4, 2012, where it sold for 220 euros (about $342 with buyer’s fees). The catalog description noted, "Lima. 8 reales. 1739. V poco visible. Resello en la República de Centro América en 1839. BC+. Muy escasa. (Lima 8 reales 1739-V. Assayer initial barely visible. Counterstamped in the Central American Republic in 1839. Fine plus. Very scarce.)"
Recorded mintage: unknown.
Specification: 27.07 g, 0.917 silver, 0.798 oz ASW. This specimen 26.9 g.
Catalog reference: KM-34a; Cayón-9409; Counterstamp is KM-111.3, listed under Guatemala.
- 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.
- Cayon Subastas, Auction February 2012: Highly Important Collection of Spanish and Latin American 8 Reales and other Coins from the Spanish Empire, Madrid: Cayon Subastas, 2012.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.