Peru 1863-YB 5 soles

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Eliasberg lot 3588
Peru 1863 5 soles rev Eliasberg 3588.jpg
from the Stack's Bowers 2017 NYINC sale, lot 7074
Peru SB117-7074r.jpg

This coin was minted in Lima, Peru, in 1863. The first specimen was lot 3588 in the Eliasberg sale, where it sold for $460. The catalog description[1] noted, "1863 YB 5 soles. Lima mint. MS-62 (NGC). Types as above. Lustrous orange gold. From the John H. Clapp Collection; Clapp estate to Louis E. Eliasberg, Sr., 1942." This specimen was lot 7074 in Stack's Bowers NYINC sale (New York, January 2017), where it sold for $881.25. The catalog description[2] noted, "PERU. 5 Soles, 1863-YB. NGC MS-63. One year transitional type. Quite attractive with full luster throughout. A bit of weakness to center of strike and a few mild contact marks being the only elements keeping this piece from higher grades. Tied with three other pieces in this grade with only one piece graded one point higher. In an older generation NGC holder." This type and its larger sisters, the ten soles (KM 193) and twenty soles (KM 194) were struck in 1863 in an attempt to revive the gold coinage which had ceased in 1855. Gold four and eight escudos were also struck that year. A stable gold coinage had to wait until 1898 with the introduction of the libra (KM 207).

Recorded mintage: unknown.

Specification: 8.06 g, .900 fine gold, .2334 troy oz AGW; the first specimen: 8.03 grams, 23.10 mm diameter.

Catalog reference: KM 192, Fr-72.

Source:

  • [1]Kraljevich, John, John Pack, Elizabeth O. Piper and Frank Van Valen, The Louis E. Eliasberg, Sr., Collection of World Gold Coins and Medals, Wolfboro, NH: American Numismatic Rarities, 2005.
  • [2]Ponterio, Richard, The January 2017 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Richard Stuart Collection, Santa Ana, CA: Stack's Bowers LLC, 2016.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.

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