Peru 1721-L M real
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This specimen was lot 1875 in Sedwick Treasure Auction 39 (Winter Park, FL, May 2026), where it sold for $240. The catalog description[1] noted, "PERU, Lima, cob 1 real, 1721 M, ex-Ugaz. Solid VF with bold pillars and partial cross, clear date, flat peripheries with crude edges. Pedigreed to the Jorge Ugaz Collection." This type was struck 1701-28 for the Bourbon king Philip V, with an interruption in 1725 for the short reign of his son Luis I. Assayer Melgarejo ("M") stamped his coins 1709-27. In 1728, the cobs were debased from 0.931 fine to 0.917 fine silver.
Recorded mintage: unknown.
Specification: 3.38 g, 0.931 fine silver, this specimen 3.44 grams.
Catalog reference: Cayón-8411, S-L20; KM-31; Cal-403.
- 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.
- 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 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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