Peru 1759-L JM 2 reales

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from the Mountain Groan Collection
Peru 1759 2 reales rev DSLR.jpg
from the Stack's Bowers 2017 ANA sale, lot 21327
Peru SB817-21327r.jpg

This specimen is one of a series struck 1752-60 during the reign of Ferdinand VII (1746-59). Gilboy[1] notes the date as rare. There is only one reported variety, in which the mint anagram is dotted. As a class, pillar coinage of Peru is much less plentiful than that of Mexico, though it is more available than the remaining mints. The second specimen was lot 21327 in Stack's Bowers ANA Auction (Denver, CO, August 2017), where it sold for $3,172.50. The catalog description[2] noted, "PERU. 2 Reales, 1759-JM. Lima Mint. PCGS MS-63 Secure Holder. VERY RARE in this high state of preservation. Sharply struck with light attractive toning and excellent eye appeal."

Mexican numismatists hotly debate which side of the coin constitutes the obverse. Gilboy[1] 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: Cayón-10454, Gilboy L-2-9, KM 53.

Sources:

  • 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.
  • [1]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.
  • Harris, Robert P., Pillars & Portraits, San José, CA: Bonanza Press, 1968.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [2]Ponterio, Richard, Kyle Ponterio and Chris Chatigny, The August 2017 Denver ANA Auction: Ancients, Selections from The Richard Stuart Collection & World Coins, Santa Ana, CA: Stack's Bowers LLC, 2017

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