Peru 1719-L M escudo
This specimen was lot 21280 in Stack's Bowers NYINC sale (New York, January 2023), where it sold for $7,200. The catalog description[1] noted, "PERU. Cob Escudo, 1719/8-L M. Lima Mint. Philip V. PCGS AU-50. Overdate variety. A great survivor, this smaller gold issue offers an elegant and wholesome overall look, with lighter color upon the highlights and with a deeper golden-cabernet hue occupying the recesses. From the David Sterling Collection." Not until 1684 was the Lima mint opened on a permanent basis. The mintage of gold commenced in 1696. This type is recorded for 1702-45. Recorded mintages are much lower than of the eight escudos (KM-38.2). Assayer Melgarejo stamped his coins 1709-27. Specimens with legible dates are scarce. The Mexico City mint was converted to milled coinage in 1732-34 but Lima would not follow suit until 1751.
Recorded mintage: 1,221.
Specification: 3.38 g, 0.917 fine gold, this specimen 3.3 g.
Catalog reference: Cayón-9534, Fr-10; KM-35; Cal-1677.
- Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, 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 Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
- 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]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, The January 2023 NYINC Auction: Ancient Coins, World Coins & Paper Money, featuring the Taraszka Collection and the Mark and Dottie Salton Collection, Costa Mesa, CA: Stack's Bowers LLC, 2022.
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