Peru 1721-L M 2 escudos

Heritage sale 3081, lot 31099

photo courtesy Heritage Auction Galleries

This specimen was lot 31099 in Heritage sale 3081 (New York, January 2020), where it sold for $4,920. The catalog description^[1] noted, "Peru: Philip V gold Cob 2 Escudos 1721 L-M AU58 PCGS, Lima mint. A singular representative of this conditionally difficult gold type showcasing bold central detailing, accented throughout by pale clay red tones which complement the satiny golden fields to great visual effect." Assayer M is recorded for 1709-28. Cobs were struck at Lima until 1752, twenty years after Mexico City had switched to milled coinage. This type was struck 1701-44 and is rare, especially with a legible date.

Recorded mintage: 4,563.

Specification: 6.77 g, 0.917 fine gold, this specimen 6.62 g.

Catalog reference: Fr-9, KM 36, Cal-312, Cayón-9686.

Source:

• Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
• 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 Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
• 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.
• ^[1]Bierrenbach, Cristiano, Warren Tucker and Sam Spiegel, Heritage World and Ancient Coins Auction 3081, featuring the Caranett Collection, Dallas, TX: Heritage Auction Galleries, 2019.

Link to:

• 1717 2 escudos
• 1721 4 reales
• 1721 8 escudos
• 1722 2 reales
• 1722 escudo
• 1725 2 escudos, Luis I
• Coins and currency dated 1721