Difference between revisions of "Bolivia 1647-P R 8 reales"
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m (Text replacement - "* 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." to "* 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.") |
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[[Image:Sed36-0551r.jpg|300px|thumb]] | [[Image:Sed36-0551r.jpg|300px|thumb]] | ||
| − | This specimen was lot 551 in Sedwick Auction 36 (Winter Park, FL, November 2024), where it sold for $. The catalog description<sup>[1]</sup> noted, "[[Bolivia|BOLIVIA]], Potosí, cob 8 reales, 1647 R, extremely rare, ex-Ponte, ex-Faistauer, Janson Plate. This is one of the most exciting Potosí shield-type 8R we have ever handled, as it is a 'smoking gun' for the debasement scandal that resulted in a global monetary crisis and the eventual execution of its perpetrators, most notably the assayer Felipe Ramírez de Arellano, whose initial R stands out so clearly and boldly on this coin. In fact, almost everything on this broad-flan VF coin is visible, particularly the full and bold date in the nearly full legend, in addition to the full shield and cross that are much more evenly struck than usual for this period, with nice toning to boot. Overall, the coin seems almost like a failed 'Royal' striking, with no other Royals of this assayer known for comparison. Perhaps most interesting of all, confirmed by its dull color and slightly low weight, is this coin's debased silver content, XRF-tested at 76.86% silver and 22.77% copper. By our records, it is a unique combination of date and assayer, as the only other 1647 8R known are T, TR or Z, although R is also known for 1646 and 1648, the latter date also seen with Z/R, after Zambrano finally replaced Ramírez, just one year before his execution for fraud and the official recall and melting of nearly all his coins in 1649. This important coin has spent many years in the hands of important collectors and will continue to do so. Pedigreed to the Luis R. Ponte Collection and to the Faistauer Collection (Jess Peters auction of April 1976, lot 301), also to Sedwick Auction 18 (lot 635), Plate Coin on page 53 of Carlos Janson's La Moneda Circulante en el Territorio Argentino (2020)." This type was struck 1625-48 at Potosi. While silver cobs from Bolivia are very common, this early type is rare, as most were recalled and melted when it was discovered that the mint operators had been systematically debasing their issues, sometimes as low as .700 fine. Assayer R is the one who was executed for his crimes but many other co-conspirators escaped. | + | This specimen was lot 551 in Sedwick Auction 36 (Winter Park, FL, November 2024), where it sold for $21,600. The catalog description<sup>[1]</sup> noted, "[[Bolivia|BOLIVIA]], Potosí, cob 8 reales, 1647 R, extremely rare, ex-Ponte, ex-Faistauer, Janson Plate. This is one of the most exciting Potosí shield-type 8R we have ever handled, as it is a 'smoking gun' for the debasement scandal that resulted in a global monetary crisis and the eventual execution of its perpetrators, most notably the assayer Felipe Ramírez de Arellano, whose initial R stands out so clearly and boldly on this coin. In fact, almost everything on this broad-flan VF coin is visible, particularly the full and bold date in the nearly full legend, in addition to the full shield and cross that are much more evenly struck than usual for this period, with nice toning to boot. Overall, the coin seems almost like a failed 'Royal' striking, with no other Royals of this assayer known for comparison. Perhaps most interesting of all, confirmed by its dull color and slightly low weight, is this coin's debased silver content, XRF-tested at 76.86% silver and 22.77% copper. By our records, it is a unique combination of date and assayer, as the only other 1647 8R known are T, TR or Z, although R is also known for 1646 and 1648, the latter date also seen with Z/R, after Zambrano finally replaced Ramírez, just one year before his execution for fraud and the official recall and melting of nearly all his coins in 1649. This important coin has spent many years in the hands of important collectors and will continue to do so. Pedigreed to the Luis R. Ponte Collection and to the Faistauer Collection (Jess Peters auction of April 1976, lot 301), also to Sedwick Auction 18 (lot 635), Plate Coin on page 53 of Carlos Janson's La Moneda Circulante en el Territorio Argentino (2020)." This type was struck 1625-48 at Potosi. While silver cobs from Bolivia are very common, this early type is rare, as most were recalled and melted when it was discovered that the mint operators had been systematically debasing their issues, sometimes as low as .700 fine. Assayer R is the one who was executed for his crimes but many other co-conspirators escaped. |
''Recorded mintage:'' unknown. | ''Recorded mintage:'' unknown. | ||
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''[[Bibliography|Source:]]'' | ''[[Bibliography|Source:]]'' | ||
* 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. | * 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 | + | * 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. |
* Cuhaj, George S., and Thomas Michael, ''Standard Catalog of World Coins, 1601-1700, 6th ed.'', Iola, WI: Krause Publications, 2014. | * Cuhaj, George S., and Thomas Michael, ''Standard Catalog of World Coins, 1601-1700, 6th ed.'', Iola, WI: Krause Publications, 2014. | ||
* Menzel, Sewall, ''Cobs, Pieces of Eight and Treasure Coins'', New York: The American Numismatic Society, 2004. | * Menzel, Sewall, ''Cobs, Pieces of Eight and Treasure Coins'', New York: The American Numismatic Society, 2004. | ||
| − | * Paoletti, Emilio, ''8 Reales Cobs of | + | * Paoletti, Emilio, ''8 Reales Cobs of Potosí, 2nd Ed.,'' Buenos Aires, 2006. |
* <sup>[1]</sup>Sedwick, Daniel Frank, Augi Garcia, Cori Sedwick Downing, Connor Falk and Sarah Sproles, ''Treasure Auction 36, World, U.S Coins and Paper Money, featuring the Luis R. Ponte collection, the Jorge Becerra Collection and the John M. O'Brien collection,'' Winter Park, FL: Daniel Frank Sedwick LLC, 2024. | * <sup>[1]</sup>Sedwick, Daniel Frank, Augi Garcia, Cori Sedwick Downing, Connor Falk and Sarah Sproles, ''Treasure Auction 36, World, U.S Coins and Paper Money, featuring the Luis R. Ponte collection, the Jorge Becerra Collection and the John M. O'Brien collection,'' Winter Park, FL: Daniel Frank Sedwick LLC, 2024. | ||
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* [[Bolivia 1646-P V/TR 8 reales|1646-V/TR 8 reales]] | * [[Bolivia 1646-P V/TR 8 reales|1646-V/TR 8 reales]] | ||
* [[Bolivia 1647-P Z 4 reales|1647-Z 4 reales]] | * [[Bolivia 1647-P Z 4 reales|1647-Z 4 reales]] | ||
| + | * [[Bolivia 1647-P Z 8 reales|1647-Z 8 reales]] | ||
* [[Bolivia 1648-P R 8 reales|1648-R 8 reales]] | * [[Bolivia 1648-P R 8 reales|1648-R 8 reales]] | ||
* [[Bolivia 1648-P Z 8 reales|1648-Z 8 reales]] | * [[Bolivia 1648-P Z 8 reales|1648-Z 8 reales]] | ||
Latest revision as of 18:28, 24 August 2025
This specimen was lot 551 in Sedwick Auction 36 (Winter Park, FL, November 2024), where it sold for $21,600. The catalog description[1] noted, "BOLIVIA, Potosí, cob 8 reales, 1647 R, extremely rare, ex-Ponte, ex-Faistauer, Janson Plate. This is one of the most exciting Potosí shield-type 8R we have ever handled, as it is a 'smoking gun' for the debasement scandal that resulted in a global monetary crisis and the eventual execution of its perpetrators, most notably the assayer Felipe Ramírez de Arellano, whose initial R stands out so clearly and boldly on this coin. In fact, almost everything on this broad-flan VF coin is visible, particularly the full and bold date in the nearly full legend, in addition to the full shield and cross that are much more evenly struck than usual for this period, with nice toning to boot. Overall, the coin seems almost like a failed 'Royal' striking, with no other Royals of this assayer known for comparison. Perhaps most interesting of all, confirmed by its dull color and slightly low weight, is this coin's debased silver content, XRF-tested at 76.86% silver and 22.77% copper. By our records, it is a unique combination of date and assayer, as the only other 1647 8R known are T, TR or Z, although R is also known for 1646 and 1648, the latter date also seen with Z/R, after Zambrano finally replaced Ramírez, just one year before his execution for fraud and the official recall and melting of nearly all his coins in 1649. This important coin has spent many years in the hands of important collectors and will continue to do so. Pedigreed to the Luis R. Ponte Collection and to the Faistauer Collection (Jess Peters auction of April 1976, lot 301), also to Sedwick Auction 18 (lot 635), Plate Coin on page 53 of Carlos Janson's La Moneda Circulante en el Territorio Argentino (2020)." This type was struck 1625-48 at Potosi. While silver cobs from Bolivia are very common, this early type is rare, as most were recalled and melted when it was discovered that the mint operators had been systematically debasing their issues, sometimes as low as .700 fine. Assayer R is the one who was executed for his crimes but many other co-conspirators escaped.
Recorded mintage: unknown.
Specification: 27.47 g, 0.931 fine silver, this specimen 26.01 grams.
Catalog reference: Cayón-6392; S-P31; KM-19a; Cal-1482; Janson-13.27.3.
- 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.
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1601-1700, 6th ed., Iola, WI: Krause Publications, 2014.
- Menzel, Sewall, Cobs, Pieces of Eight and Treasure Coins, New York: The American Numismatic Society, 2004.
- Paoletti, Emilio, 8 Reales Cobs of Potosí, 2nd Ed., Buenos Aires, 2006.
- [1]Sedwick, Daniel Frank, Augi Garcia, Cori Sedwick Downing, Connor Falk and Sarah Sproles, Treasure Auction 36, World, U.S Coins and Paper Money, featuring the Luis R. Ponte collection, the Jorge Becerra Collection and the John M. O'Brien collection, Winter Park, FL: Daniel Frank Sedwick LLC, 2024.
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