Peru 1799-L IJ 8 reales

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Goldberg sale 46, lot 1168
photo courtesy Ira & Larry Goldberg
from the Mountain Groan Collection
Peru 1799 8 reales rev DSLR.jpg

The first specimen was lot 1168 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $750. The catalog description[1] 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[2] 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.

Source:

  • [1]Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
  • [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.
  • 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.

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