Peru 1898 libra

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Eliasberg lot 3590
Peru 1898 libra rev Eliasberg 3590.jpg

This specimen was lot 3590 in the Eliasberg sale, where it sold for $287.50. The catalog description[1] noted, "1898 1 libra. Lima mint. MS-65 (NGC). Native Indian head to right, legends around/sun above arms, branches, date below. Satiny orange gold with intense lustre and brightly reflective fields. From the John H. Clapp Collection; Clapp estate to Louis E. Eliasberg, Sr., 1942." The gold libra superseded the silver sol as Peru's main unit of currency in 1898. The libra weighed the same as a British sovereign and equalled ten soles. The type was struck until 1930 and again 1959-69, along with 1/5 libras and 1/2 libras.

Recorded mintage: unknown but common. The commonest date is 1917.

Specification: 7.99 g, .917 fine gold, .2354 troy oz AGW; this specimen: 7.99 grams, 21.80 mm diameter.

Catalog reference: Fr-73, KM 207.

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.
  • 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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