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Potosi, Bolivia, cob 8 reales, 1652E transitional Type IV, choice, Royal-like specimen.

Currency:USD Category:Coins & Paper Money / Coins: Shipwreck Silver Start Price:1,200.00 USD Estimated At:1,500.00 - 2,250.00 USD
Potosi, Bolivia, cob 8 reales, 1652E transitional Type IV, choice, Royal-like specimen.
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Potosi, Bolivia, cob 8 reales, 1652E transitional Type IV, choice, Royal-like specimen. S-P37; KM-A20.4. 26.6 grams. During the 1652 transition there appears to have been an effort to make some exceptional coins like this one that fall somewhere between Royals (which are round and even) and regular strikes (which are crude and uneven), and on coins like this the strikes are so full and well executed that it seems certain they were still meant to be presentation pieces, an opinion that is reflected in the presence of these coins in Lazaro's book on Royals. The present specimen (very similar to Lazaro #125, valued at $10,000) is absolutely lovely, with the legends all bold and almost 100% full and the inner details very crisp and well defined, without even a trace of corrosion to mar the details, also lightly toned, just a hint of doubling (which is very typical) being the only negative. From the Capitana, sunk in 1654 off Chanduy, Ecuador, with photo-certificate from salvager.