Peru 1753-L J 8 escudos

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Eliasberg lot 3468
Peru 1753 8 escudos rev Eliasberg 3464.jpg
Heritage sale 3016, lot 24843
photo courtesy Heritage Auction Galleries

This coin was minted in Lima, Peru, in 1753. This type was struck 1751-53 and represents the first milled gold coinage from the Lima mint. The first specimen was lot 3468 in the Eliasberg sale, where it sold for $9,200. The catalog description[1] noted,

"1753 J 8 escudos. Lima mint. MS-63 (NGC). Types as above. Lustrous yellow gold with deeper highlights and reflectivity in the fields. The lustre remains full on the reverse and is almost intact on the obverse, making this far finer than typical specimens of this type. Nicely struck with only light marks. An exemplary Lima 8 escudos, finer than the Karon coin and most seen. From the John H. Clapp Collection; Clapp estate to Louis E. Eliasberg, Sr., 1942."

The second specimen was lot 24843 in Heritage sale 3016 (Orlando, FL, January 2012), where it sold for $4,600. The catalog description[2] noted, "Ferdinand VI gold 8 Escudos 1753J, AU55 NGC, even light circulation and good appeal for this scarce type 8 Escudos."

Recorded mintage: unknown. The SCWC prices this type lower than its successors until the Charles III "standard bust" type of 1772-89.

Specification: 27.07 g, 0.917 fine gold, .798 troy oz AGW; this specimen: 27.04 grams, 36.50 mm diameter.

Catalog reference: Cayón-10879, Fr-16, Calico Onza-579, KM 50.

Source:

  • [1]Kraljevich, John, John Pack, Elizabeth O. Piper and Frank Van Valen, The Louis E. Eliasberg, Sr., Collection of World Gold Coins and Medals, Wolfboro, NH: American Numismatic Rarities, 2005.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • 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.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [2]Tucker, Warren, Cristiano Bierrenbach and Scott Cordry, Heritage sale 3016, World and Ancient Coins, Dallas: Heritage Auction Galleries, 2011.

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