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Lima, Peru, cob 8 escudos, 1710 H, four-digit date, HISPANIAR variety, ex-1715 Fleet, NGC UNC detail

Currency:USD Category:Coins & Paper Money / Cobs - Gold Start Price:12,000.00 USD Estimated At:15,000.00 - 22,500.00 USD
Lima, Peru, cob 8 escudos, 1710 H, four-digit date, HISPANIAR variety, ex-1715 Fleet, NGC UNC detail
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Lima, Peru, cob 8 escudos, 1710 H, four-digit date, HISPANIAR variety, ex-1715 Fleet, NGC UNC details / obverse scratched, Tauler Plate. S-L25a; KM-38.2; Cal-2117. 26.58 grams. This coin is so well centered on a broad, round flan that in 1992 Frank Sedwick called it "exquisite...its excellence of cut and strike and completeness...as close as we have ever seen to a Philip V Lima 8E Royal." Indeed it is striking to see so much full detail, including all the legend, even the second date in four digits, 1710, without any doubling or weakness or even wear, as this coin clearly did not circulate before it was lost to the sea, which imparted an orangish sheen of sediment on the surfaces, in addition to a tiny patch of white coral in the waves, the only manufacturing demerit being a hairline crack at about 1 o'clock / 4 o'clock. As noted, however, the act of salvage or later handling imparted several areas of light scratches, particularly below the denomination on the pillars side and around the upper-left castle on the cross side. It is still an exceptional coin, without question, well deserving of its multiple pedigrees. One final note: 1710 marks the first time a second date was placed in the legend, and this variety is the only one prior to 1716 to show the date in all four digits. NGC #6271295-001 (1715 Fleet Shipwreck Label). From the 1715 Fleet, with Fisher photo-certificate PC10-31221, and pedigreed to the Ponterio auction of January 2010, with original lot-tag 7316, as well as the Ponterio auction of January 2009, with cover and lot-description page from that auction, and the Ponterio auction of March 1996 (lot 803), and to the Frank Sedwick Price List of February-March 1992, also pedigreed to the John Pullin Collection (stated on label) and Plate Coin #235a in Tauler's Oro Macuquino (2011).