Peru 1755-L JD 8 reales

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Goldberg sale 46, lot 1155
photo courtesy Ira & Larry Goldberg
This specimen was lot 1155 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $13,000. The catalog description[1] noted,

"Peru. 8 Reales, 1755- JD (Lima). Ferdinand VI, 1746-1759. Pillar coinage. Crowned Bourbon arms. Reverse: Crowned globes flanked by crowned and bannered pillars, over water. Light clashing seen on reverse die. Otherwise, crisp, virtually complete strike. Pristine surfaces and shimmering cartwheel luster beneath matte old gray toning, which lightens towards the edges to an iridescent display. Probably the finest known. Rare in this grade. NGC graded MS-65.

"It must be remembered that coin collecting was not a hobby practiced in Peru or Spain at this time to any significant degree. Thus, high grade silver crowns such as this example are very rare in grade, since there was little motivation to preserve them. Some can be found as sea salvage examples, but they show evidence of saltwater corrosion. To find an example such as this one is special indeed. Provenance: Ex Calbeto Collection."

Recorded mintage: unknown.

Specification: 27.07 g, .917 fine silver, .798 troy oz ASW, this specimen: 26.92 grams.

Catalog reference: Cayón-10603, Eliz-4; WR-6; KM-55.1.

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.
  • Gilboy, Frank F., The Milled Columnarios of Central and South America: Spanish American Pillar Coinage, 1732 to 1772, Regina, Saskatchewan: Prairie Wind Publishing, 1999.
  • Yonaka, Brad, A Variety Guide to the Pillar Coinage of the Guatemala, Bogota, Lima, Potosi, and Santiago Mints, 1752-1771, Long Beach, CA: Agorocu Consulting, 2018.
  • [1]Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.

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