Peru 1799-L IJ 8 reales
The first specimen was lot 1168 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $750. The catalog description noted, "Peru. 8 Reales, 1799-M-I (Lima). Charles IV, 1788-1808. Bust of Charles III right. Reverse: Crowned arms between pillars. Excellent even, full strike. Lovely satiny luster throughout, with only just a hint of 'cabinet friction' to cheek and shoulder of portrait. Lightly toned, with iridescent blues, greens, and russets along edge. NGC graded MS-63."
The normally reliable Goldberg description erred on this lot; the assayers' initials are clearly "IJ," not "MI." Harris notes this type as common but indicates that the eight reales from Potosi and Mexico City are even more abundant.
Recorded mintage: 5,367,000.
Specification: 27.07 g, .896 fine silver, .780 troy oz ASW.
Catalog reference: WR 10; KM 97.
- Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
- 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.
- Raymond, Wayte, The Silver Dollars of North and South America, 2nd Ed., Racine, WI: Whitman Publishing, 1964.
- Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.