Peru 1713-L M 8 escudos

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Sedwick sale 25, lot 12
Sedwick Treasure Auction 28, lot 40
Sed28-40r.jpg

The first specimen was lot 12 in Sedwick sale 25 (Winter Park, FL, May 2019), where it sold for $17,850. The catalog description[1] noted, "Lima, Peru, cob 8 escudos, 1713M, NGC MS 62, ex-1715 Fleet (designated on label). Choice full cross-lions-castles with luster despite grainy fields (rusty dies), full and crisply detailed pillars-and-waves, minor staining from the sea, actually rather scarce without overdate. NGC #3501168-002. From the 1715 Fleet, with photo-certificate." The second specimen was lot 40 in Sedwick Treasure Auction 28 (Winter Park, FL, November 2020), where it sold for $26,400. The catalog description[2] noted, "Lima, Peru, cob 8 escudos, 1713/2M, NGC MS 63, ex-1715 Fleet (designated on special label). Choice, deep and well-centered strike with full inner details and nearly full legends, including second date 713/2 (both overdates very clear), cross-side legend ending in HISPANIAR (Tauler #244c), light luster, tied with one other for second finest in NGC census behind a single MS 64. From the 1715 Fleet." This type is recorded for 1710-47. The Mexico City mint was converted to milled coinage in 1732-34 but Lima would not follow suit until 1751.

Recorded mintage: 40,295.

Specification: 27.07 g, 0.917 fine gold, .798 troy oz AGW, the first specimen 26.9 grams, the second specimen 26.91 grams.

Catalog reference: Cayón-9943, Fr-7; S-L28; KM-38.2; CT-25.

Source:

  • [1]Sedwick, Daniel Frank, Augi Garcia and Cori Sedwick Downing, Treasure Auction 25, Winter Park, FL: Daniel Frank Sedwick LLC, 2019.
  • [2]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.
  • Menzel, Sewall, Cobs, Pieces of Eight and Treasure Coins, New York: The American Numismatic Society, 2004.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • 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.
  • 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.

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