Peru 1688-L R 2 reales
This specimen was lot 662 in Sedwick Treasure Auction 38 (Winter Park, FL, November 2025), where it sold for $390. The catalog description[1] noted, "PERU, Lima, cob 2 reales, 1688 R. Nearly full pillars and cross, most of cross but peripheries flat and with black oxidation in places, otherwise XF, two dates, scarce in this denomination. Pedigreed to the Jorge Ugaz Collection of Lima Silver Cob 2 Reales." The mint at Lima operated briefly in the 1560's before the Potosi mint was opened and operated again 1659-60 without the permission of royal officials. Not until 1684 was the mint opened on a permanent basis and two reales of this type were struck until 1700. Assayer de Rojas stamped his coins 1685-91 and again in 1695. Specimens with legible dates are scarce.
Recorded mintage: unknown.
Specification: 6.77 g, 0.931 fine silver, this specimen 6.44 grams.
Catalog reference: Cayón-7379, S-L7; KM-21; Cal-345.
- Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, vol. 1, Madrid: Cayón-Jano S.L., 2005.
- Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Felipe VI, 1474 a 2020, Barcelona: Aureo & Calicó, 2019.
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1601-1700, 6th ed., Iola, WI: Krause Publications, 2014.
- Menzel, Sewall, Cobs, Pieces of Eight and Treasure Coins, New York: The American Numismatic Society, 2004.
- [1]Sedwick, Daniel Frank, Augi Garcia, Cori Sedwick Downing, Connor Falk and Sarah Sproles, Auction 38, World, U.S Coins and Paper Money, featuring the Jorge Ugaz Collection of Lima Silver Cob 2 Reales and the Darby Collection of Guatemala Silver Cobs, Winter Park, FL: Daniel Frank Sedwick LLC, 2025.
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