Peru 1961-ZBR libra

From CoinFactsWiki
Jump to: navigation, search
from Steve Album sale 27, lot 1854
Peru Alb27-1854r.jpg

This specimen was lot 1854 in Stephen Album sale 27 (Santa Rosa, CA, January 2017), where it sold for $470. The catalog description[1] noted, "PERU: AV libra, 1961. Initials ZBR, better date, semi-prooflike, mintage of only 402 pieces! NGC graded MS64, R." The gold libra superseded the silver sol as Peru's main unit of currency in 1898.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 1898-1930 and again 1959-69, along with 1/5 libras and half libras. By 1962, the libra was no longer a circulating coin but a bullion unit, minted to circumvent U.S. regulations on trading in gold.

Recorded mintage: 402.

Specification: 7.99 g, .917 fine gold, .2354 troy oz AGW.

Catalog reference: Fr-73, KM 207.

Source:

  • [1]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Norman Douglas Nicol, Auction 27, featuring the Dr. Paul Stevens Collection of Indian Coins, Part VI, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 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, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.

Links to: