Peru 1774-L JM 8 reales
This specimen was lot 40709 in Ponterio sale 168 (Philadelphia, August 2012), where it sold for $8,812. The catalog description noted, "PERU. 8 Reales, 1774-Lima JM. NGC AU-58. RARE & Elusive 1774 Lima 8 Reales with 'JM' Assayers Letters. EXTREMELY RARE, perhaps as few as five known. Of the genuine examples, probably the finest known, and the only one certified by NGC. Attractive old toning." This type was struck 1772-89 for Charles III and supplanted the pillar dollar. A slight debasement accompanied the design change.
Recorded mintage: 4,208,000 (including assayer MJ).
Specification: 27.07 g, .903 fine silver, .786 troy oz ASW.
Catalog reference: KM-78; Craig-28; Eliz-31 (R-8).
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- Ponterio, Richard, Ponterio sale 168: The Official ANA Auction, Irvine, CA: Stack's Bowers LLC, 2012.