Peru 1882-Ayacucho LM 5 pesetas
This specimen was lot 1201 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $2,000. The catalog description noted, "Peru. Republic. 5 Pesetas, 1882 L.M (Ayacucho). Peseta Coinage. Female head left, her hair wreathed with grains and flowers. Reverse: Shield of arms flanked by wreath, and crowned above by nimbate wreath of oak. Superb strike, with only the faintest of weakness at the centers. Essentially white, with the merest hint of toning. Pristine, and sparkling with superb luster. Scarce. NGC graded MS-64.
"Ayacucho is the capital city of Huamanga province in southern Peru. It was settled by the Spanish conquistador, Pizarro, in 1540. The name Ayacucho derives from the Quechuan two words 'Aya' and 'Kuchu' meaning 'dead corner'. Apparently a major Quechuan battle left so many dead bodies that the name was gruesomely coined."
Specification: 25.04 grams.
Catalog reference: Eliz-237; WR 26; KM 201.3.
- Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
- Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.
- Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.