Peru 1771-L JM 8 reales

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Peru 1771 8 reales obv Stacks 110-1515.jpg
Peru 1771 8 reales rev Stacks 110-1515.jpg

This specimen was lot 1515 in Stack's "Vermuele, Ward & Mexico Maxico" sale (New York, January 2010), where it sold for $2,070. The catalog description[1] noted, "PERU. Carlos III, 1759-1788. 8 Reales, 1771 LIMAE JM. Crowned shield, royal title displays incredibly garbled HIAPSN for the correct Latin HISPAN. Rv. Crowned globes and Pillars. A wholly satisfying example of a famous Lima Mint engraver's error. EF-40 (ICG)." This type was struck 1760-72 but this spectacular error is rare. Lima pillar dollars of this period come with one dot or two dots, referring to the dots over the mintmarks; the specimen shown is a "one dot" variety.

Recorded mintage: unknown.

Specification: 27.07 g, .917 fine silver, .798 troy oz ASW.

Catalog reference: KM 64.2, Cayón 11207.

Source:

  • [1]Kraljevich, John, and Frank Van Valen, The Vermuele, Ward & Mexico Maxico Collections, New York: Stack's, 2009.
  • 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.
  • 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.

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