Peru 1716-L M 8 escudos

Ponterio sale 164, lot 950

photo courtesy Stack's-Bowers LLC

This specimen was lot 950 in Ponterio sale 164 (New York, January 2012), where it sold for $6,325. The catalog description^[1] noted, "PERU. 8 Escudos, 1716-M. Philip V (1700-46). Light evidence of rim filing. Very attractive, NGC AU Details--Rim Filing." Cob eight escudos were struck at the Lima mint 1701-47 for Philip V of Spain and became the "doubloons" of pirate lore.

Recorded mintage: 66,515.

Specification: 27.07 g, 0.917 fine gold, .798 troy oz AGW.

Catalog reference: Cayón-9954, Fr-7; KM-38.2; Cal-Type 6 #28.

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.
• 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.
• Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
• ^[1]Ponterio, Richard, Ponterio sale 164: The January 2012 N.Y.I.N.C. Auction, Irvine, CA: Stack's Bowers LLC, 2011.

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