Peru 1725-L M real
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This specimen was lot 3859 in Stephen Album sale 39 (Santa Rosa, CA, January 2021), where it sold for $72. The catalog description[1] noted, "PERU: Luis I, 1724, AR real (1)725-L, assayer M (not readable), crude cob issue, one-year type, Good, R." Cob one reales were struck at the Lima mint 1701-46 for Philip V of Spain and became the "bits" of pirate lore. Specimens with legible dates bring triple those without. This type was struck 1725 only. Louis' unexpected death forced his father, Philip V, to resume the throne. The fineness was lowered from 0.931 to 0.917 in 1728.
Recorded mintage: unknown.
Specification: 3.38 g, 0.938 fine silver, this specimen 2.31 g.
Catalog reference: KM-B39, Cayón-unlisted.
- Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, vol. 2, 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]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Norman Douglas Nicol, Auction 39, featuring the John Sylvester, Jr., Collection of Annamese Medals and Orders, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2020.
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