Peru 1727-L M 8 reales

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photo courtesy Cayon Subastas

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. Specimens with legible dates bring triple those without. The fineness was lowered from 0.931 to 0.917 in 1728. The specimen shown was lot 522 at Cayon Subastas auction held February 4, 2012, where it sold for 200 euros (about US$311 including buyer’s fees). The catalog description[1] noted, "Lima. 8 reales. 1727. M. Resellado en la República de Centro América en 1839. Agº tapado. BC+. (Lima 8 reales 1727-M. Counterstamped in the Central American Republic in 1839. Repaired hole. Fine +.)"

Recorded mintage: unknown.

Specification: 27.07 g, 0.917 silver, 0.798 oz ASW. This specimen is 25.8 g.

Catalog reference: KM-34a; Cayón-9300, counterstamp is KM-111.3, listed under Guatemala.

Source:

  • 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.
  • [1]Cayon Subastas, Auction February 2012: Highly Important Collection of Spanish and Latin American 8 Reales and other Coins from the Spanish Empire, Madrid: Cayon Subastas, 2012.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.

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