Lima, Peru, cob 8 reales presentation strike, 1659V, "Star of Lima" type, very rare (about 4 known).

Currency:USD Category:Coins & Paper Money / Cobs - Lima Silver Start Price:4,000.00 USD Estimated At:5,000.00 - 7,500.00 USD
Lima, Peru, cob 8 reales presentation strike, 1659V,  Star of Lima  type, very rare (about 4 known).
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This item SOLD at 2012 Oct 26 @ 11:43UTC-4 : AST/EDT
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Lima, Peru, cob 8 reales presentation strike, 1659V, "Star of Lima" type, very rare (about 4 known). S-L5; KM-18.1; CT-262. 25.4 grams. As stated in the description for the previous lot, there were apparently two types of unauthorized "Star of Lima" presentation pieces made in 1659: one (like this coin) with .V. to left and .8. to right of pillars, inside which is LIMA with big star above (its bottom ray between the I and the M) and 1659 date below, without a line in between; and a later one (like the previous lot) with a different design. It also appears that all known specimens of this earlier V-8 design (including this coin) come from the "Jupiter wreck" of 1659, an aviso ship that set sail from Panama to Spain in September but disappeared without a trace until it was found in modern times off the east coast of Florida. Among the known examples of this "pseudo-Royal" presentation issue (distinguished form regular issues by their round flans, good centering and evenly struck details), this one is the second finest, with full and choice inner details and nearly full legends, just a hint of doubling, attractively toned and almost corrosion-free. One curious sidebar: Mint documents state that the first gold coins were struck on September 18, whereas the San Miguel left Panama on September 10, meaning that it is impossible for any "Star of Lima" gold to have been aboard that ship. Pedigreed to Louis Hudson (1991).