Peru 1712-L M 4 escudos

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Sedwick Treasure Auction 28, lot 47
Sed28-47r.jpg
from the Stack's Bowers 2022 NYINC sale, lot 2129
SB122-2129r.jpg

The first specimen was lot 47 in Sedwick Treasure Auction 28 (Winter Park, FL, November 2020), where it sold for $14,400. The catalog description[1] noted, "Lima, Peru, cob 4 escudos, 1712M, NGC MS 63 ("top pop"), ex-1715 Fleet (designated on special label), Tauler Plate Coin. Broad flan with superb full cross-lions-castles and bold but off-center pillars-and-waves, all very crisply detailed (conservatively graded, in our opinion), tied with one other for finest known in NGC census, scarce date. From the 1715 Fleet, Plate Coin #100 on page 392 of Tauler's Oro Macuquino (2011)." The second specimen was lot 2129 in Stack's Bowers NYINC sale (New York, January 2022), where it sold for $25,200. The catalog description[2] noted, "PERU. Cob 4 Escudos, 1712-L M. Lima Mint. Philip V. NGC MS-61. The third finest certified of the date on the NGC population report, only two finer (both MS 63). This wholly original looking minor gold coin exhibits boldly struck central devices with minor doubling. The satiny surfaces displaying lovely a rich golden coloration with minor encrustation amongst the devices adding to its originality and pleasing appearance. From the Pat Johnson Collection. Ex: 1715 Plate Fleet." Cob four escudos were struck at the Lima mint 1702-12, 1736-45 for Philip V of Spain and became the "double pistoles" of pirate lore. Assayer M is listed for 1709-27.

Reported Mintage: 2,073.

Specification: 13.54 g, 0.917 fine gold, .399 troy oz AGW, the first specimen 13.43 grams; the second specimen 13.35 g.

Catalog reference: Cayón-unlisted, S-L28; Fr-8; KM-37; Cal-2006.

Source:

  • 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.
  • Menzel, Sewall, Cobs, Pieces of Eight and Treasure Coins, New York: The American Numismatic Society, 2004.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [1]Sedwick, Daniel Frank, Augi Garcia and Cori Sedwick Downing, Treasure Auction 28, featuring the Dr. Peter Jones and John O'Brien collections, Winter Park, FL: Daniel Frank Sedwick LLC, 2020.
  • [2]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, The 2022 NYINC Sale: World and Ancient Coins, featuring the Mark and Lottie Salton Collection and the Pat Johnson Collection, Costa Mesa, CA: Stack's Bowers LLC, 2021.

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