Peru 1721-L M 8 reales
This specimen was lot 683 in Sedwick Treasure Auction 39 (Winter Park, FL, May 2026), where it sold for $1,920. The catalog description[1] noted, "PERU, Lima, cob 8 reales, 1721 M, cross-of-five-dots at top, ex-Ugaz. Exceptionally choice full pillars with bold date and assayer, bold but slightly off-center full cross-lions-castles, attractively toned XF with some old pockmarks above the pillars, very scarce date (first example we have offered at auction). Pedigreed to the Jorge Ugaz Collection." Cob eight reales were struck at the Lima mint 1701-46 for Philip V of Spain and became the "pieces of eight" of pirate lore. Assayer Melgarejo ("M") operated 1709-28..
Recorded mintage: unknown.
Specification: 27.07 g, 0.931 fine silver, this specimen 26.96 grams.
Catalog reference: Cayón-9279, S-L20; KM-34; Cal-1295.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- 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 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.
- [1]Sedwick, Daniel Frank, Augi Garcia, Cori Sedwick Downing, Connor Falk and Sarah Sproles, Auction 39, 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, 2026.
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