Peru 1757-L JM 2 reales
This specimen is one of a series struck 1752-60 during the reign of Ferdinand VII (1746-59). Gilboy notes the date as scarce, along with a rare overdate, 1757/6. A very rare variety appears with the Lima monogram inadvertently used in place of the "M" in "JM." As a class, pillar coinage of Peru is much less plentiful than that of Mexico, tho it is more available than the remaining mints.
Mexican numismatists hotly debate which side of the coin constitutes the obverse. Gilboy depicts the shield side as the obverse as that side bears the king's name. However, auction catalogs and dealer listings more frequently use the pillars and globes side as the obverse, as that side bears the date.
Recorded mintage: unknown.
Specification: 6.77 grams, .917 fine silver, .200 troy oz ASW.
Catalog reference: Gilboy L-2-7, KM 53.
- 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.
- Harris, Robert P., Pillars & Portraits, San José, CA: Bonanza Press, 1968.
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1701-1800, 5th ed., Iola, WI: Krause Publications, 2010.