Peru 1720-L M 2 reales
This specimen was lot 694 in Sedwick Treasure Auction 38 (Winter Park, FL, November 2025), where it sold for $2,880. The catalog description[1] noted, "PERU, Lima, cob 2 reales Royal (galano), 1720 M, ex-Christensen. Richly old-toned AXF on a broad flan (not perfectly round) with hole at edge past right end of off-center full cross, good full pillars-and-waves (well centered, the date slightly doubled), one of only two known to us. Pedigreed to the Jorge Ugaz Collection of Lima Silver Cob 2 Reales and to the Christensen auction of January 1974 (lot 1238), the SpinkAmerica auction of December 1995 (lot 2302), and Sedwick Auction 19 (lot 741)." Two reales of this type were struck 1701-28. Assayer Melgarejo is reported for 1712-27. Specimens with legible dates are scarce. In 1728, the silver cobs were debased from 0.931 fine to 0.917 fine with no change in design.
Recorded mintage: unknown.
Specification: 6.77 g, 0.931 fine silver, this specimen 6.53 grams.
Catalog reference: Cayón-8711, S-L20; KM-R32 (unlisted date); Cal-700.
- 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.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- [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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