Peru 1745-L V 2 reales
The first specimen was lot 724 in Sedwick Treasure Auction 38 (Winter Park, FL, November 2025), where it sold for $480. The catalog description[1] noted, "PERU, Lima, cob 2 reales, 1745 V, rare. Oblong flan with good full cross, bold date between nearly full pillars, VF with contrasting toning, flat peripheries. Pedigreed to the Jorge Ugaz Collection of Lima Silver Cob 2 Reales." In 1728, the silver cobs were debased from 0.931 fine to 0.917 fine, with no change in design, and struck in this style until 1747. In 1732, the Mexico City mint began minting pillar coinage but the Lima mint would not follow suit until 1751-52. Assayer V operated 1739-48. Specimens with legible dates are scarce. The second specimen was lot 722 in Sedwick Treasure Auction 39 (Winter Park, FL, May 2026), where it sold for $9,000. The catalog description[2] noted, "PERU, Lima, cob 2 reales Royal (galano), 1745 V, unique(?), NGC XF details / holed, finest and only example in NGC census. Choice interior details (full and bold) with just enough peripheral details to show all three dates and mintmarks and assayers, beautifully toned, with hole at top of cross and attempted hole to left of top-left castle, overall a lovely coin and the first of this date we have ever seen or heard of. Pedigreed to the Jorge Ugaz Collection of Lima Silver Cob 2 Reales."
Recorded mintage: unknown.
Specification: 6.77 g, 0.917 fine silver, the first specimen 7.02 grams, the second specimen 6.54 grams.
Catalog reference: Cayón-8914, S-L22; KM-32a; Cal-759.
- 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.
- [2]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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