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Lima, Peru, cob 8 reales Royal, 1725M, Louis I, unique and highly important, Practical Book of Cobs

Currency:USD Category:Coins & Paper Money / Cobs - Lima Silver Start Price:12,500.00 USD Estimated At:25,000.00 - 50,000.00 USD
Lima, Peru, cob 8 reales Royal, 1725M, Louis I, unique and highly important, Practical Book of Cobs
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This item SOLD at 2013 Oct 30 @ 17:04UTC-4 : AST/EDT
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Lima, Peru, cob 8 reales Royal, 1725M, Louis I, unique and highly important, Practical Book of Cobs Plate Coin. S-L20a; KM-R39 ;CT-unl. 26.61 grams. Before this coin came to light about 10 years ago, the existence of Louis I Lima 8 reales of 1725 was somewhat conjectural (in contrast to the 1725 8 escudos, which are relatively common), as the very few non-Royal specimens appearing in major references were rather unclear, and no Royal examples were cited, even in Lazaro (1996). At the time the best we could do with this discovery coin was to snag a picture of it for the 4th edition of our Practical Book of Cobs; but now for the first time we have the coin for sale, and it will be exciting to see what it can do as a unique type-coin that also happens to be very boldly struck and choice, on a very broad flan with three bold dates, king's name LVDOVICVS rather clear, and all the other choice details associated with Royals, albeit with the usual drawbacks too, like four plugged holes near the edge and light traces of gilding, still no worse than VF overall. Plate Coin on page 80 of the 4th edition (2007) of The Practical Book of Cobs, with Sedwick photo-letter from 2003.