Peru 1766-L JM 4 reales

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from the Stack's Bowers 2016 ANA sale, lot 22828
Peru SB816-22828r.jpg

This specimen is one of a series struck 1760-72 during the reign of Charles III (1759-88). No varieties are noted for the date. As a class, pillar coinage of Peru is much less plentiful than that of Mexico, tho it is more available than the remaining mints. Harris[2] encountered about one-third as many Peru pillar four reales of Charles III as that of Mexico; Gilboy[1] assigns the date an R3 rating (two dozen or less known to exist) and even the commonest date (1772) is called "scarce." Despite this, the SCWC prices this type lower than four reales of Mexico or Bolivia. This specimen was lot 22828 in Stack's Bowers ANA sale (Anaheim, CA, August 2016), where it sold for $235. The catalog description[3] noted, "PERU. 4 Reales, 1766-JM. Charles III (1759-88). NGC VF Details--Surface Hairlines. A more elusive denomination than the larger 8 Reales of the same type. Lightly cleaned, but retaining an appealing overall look."

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: 13.54 grams, .917 fine silver, .399 troy oz ASW.

Catalog reference: Cayón-11714, Gilboy L-4-17, KM 66.

Source:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • [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.
  • [2]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.
  • [3]Ponterio, Richard, The August 2016 Anaheim ANA Auction: Ancient Coins, World Coins & Paper Money, Santa Ana, CA: Stack's Bowers LLC, 2016.

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