LOT / Treasure, World, U.S. Coin & Paper Money Auc... / PERU, Lima, 8 reales, Philip II, assayer R (Rinc...

614

PERU, Lima, 8 reales, Philip II, assayer R (Rincón) to left, king's name as PHILPVS, legends HISPA /

Currency:USD Category:Coins & Paper Money / Cobs - Lima Silver Start Price:45,000.00 USD Estimated At:60,000.00 - 90,000.00 USD

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PERU, Lima, 8 reales, Philip II, assayer R (Rincón) to left, king's name as PHILPVS, legends HISPA / NIARVM, motto PL-VSVL-TR, very rare, NGC AU details / environmental damage, ex-Ugaz, ex-Ponte. S-L1; KM-13; Cal-651. 25.57 grams. Superb full inner details with nearly full crown and legends on a full and round flan, no doubling, the interiors bold but weaker in peripheries (king's name clear), darkly toned with only a hint of surface porosity, among the finest known of this important unauthorized issue that represents the first "dollar" coin struck in South America.

The three primary cob-producing mints in the Americas—Mexico, Lima and Potosí—all started with an assayer named Rincón, and at each mint the Rincóns produced 8 reales in very small quantities, making them all very rare and desirable in our time. The Potosí Rincón 8R, made in 1575, is the commonest of the three, with a few dozen known, struck shortly before Alonso Rincón’s death; at the other end of the scale is the Mexican Rincón 8R (struck under Francisco Rincón, Alonso’s brother), of which only three are known from what had to be an experimental run in 1538, due to the reported difficulty in making such large silver coins. In between in rarity and chronology is the Lima Rincón 8R (struck under Alonso Rincón), like the present specimen, with a known population of seventeen and highly coveted as the first “dollar” made in South America, struck in 1569 without proper authorization and quickly discontinued.

To categorize the die varieties of these Lima 8 reales, there are two distinguishing characteristics on the obverse and two on the reverse:

Obverse (shield side): king’s name spelled either PHILIPVS or PHILPVS, with two types of flowers in the crown above the shield, either three of the same kind or the middle flower larger than the other two flowers

Reverse (pillars side): legend continuation as either -NIARVM or -RVM, and motto as one of three versions: PL-VSVL-TR, PL-VSV-LT, or PLV-SVLT-RA

Based on these characteristics, we have identified three obverse dies and four reverse dies, as follows:

Obverse:
1. Legend lettering of PHILIPVS . II . D . HISPA, three equal flowers in crown (seven known)
2. Legend lettering of PHILPVS . II . D . HISPA, three equal flowers in crown (one known)
3. Legend lettering of PHILPVS . II . D . HISPA, middle flower larger and different from other two flowers (eight known)

Reverse:
A. Legend NIARVM . ETINDIARVM . REX, motto PL-VSVL-TR (seven known)
B. Legend NIARVM . ETINDIARVM . REX, motto PL-VSV-LT (six known)
C. Legend NIARVM . ETINDIARVM . REX, motto PLV-SVLT-RA (two known)
D. Legend RVM . ETINDIARVM . REX, motto PL-VSVL-TR (one known)

Known combinations:
1. 1A (one known)
2. 1B (four known)
3. 1C (two known)
4. 2D (one known)
5. 3A (six known)
6. 3B (two known)
7. Unreadable

The present example is 3A, meaning that the king’s name is spelled without a second I and the middle flower in the crown is larger than the ones that flank it, while on the other side the legend begins with NIARVM and the motto reads PL-VSVL-TR.

Featured on back cover of printed catalog. Pedigreed to the Jorge Ugaz Collection and to the L.R. Ponte Collection (stated on label).
Please use this link to verify the certification number

Click here to access the full digital flipbook catalog 39 If Tax Number is requested and supplied, buyer will be exempt from paying tax on his invoice. (FLORIDA) NOTE: Read the terms and conditions or contact us regarding possible tax collection outside of Florida.

Taxes:

Tax	Rate	Desc.
FSTA	6.75%	Florida Sales Tax - Alachua
FSTB	7%	Florida Sales Tax - Baker
FSTB	6%	Florida Sales Tax - Bay
FSTB	7%	Florida Sales Tax - Bradford
FSTB	6%	Florida Sales Tax - Brevard
FSTB	6%	Florida Sales Tax - Broward
FSTC	7.5%	Florida Sales Tax - Calhoun
FSTC	7%	Florida Sales Tax - Charlotte
FSTC	6%	Florida Sales Tax - Citrus
FSTC	7%	Florida Sales Tax - Clay
FSTC	6%	Florida Sales Tax - Collier
FSTC	7%	Florida Sales Tax - Columbia
FSTD	7%	Florida Sales Tax - De Soto
FSTD	7%	Florida Sales Tax - Dixie
FSTD	7%	Florida Sales Tax - Duval
FSTE	7.5%	Florida Sales Tax - Escambia
FSTF	7%	Florida Sales Tax - Flagler
FSTF	7%	Florida Sales Tax - Franklin
FSTG	7.5%	Florida Sales Tax - Gadsden
FSTG	7%	Florida Sales Tax - Gilchrist
FSTG	7%	Florida Sales Tax - Glades
FSTG	7%	Florida Sales Tax - Gulf
FSTH	7%	Florida Sales Tax - Hamilton
FSTH	7%	Florida Sales Tax - Hardee
FSTH	7%	Florida Sales Tax - Hendry
FSTH	6.5%	Florida Sales Tax - Hernando
FSTH	7%	Florida Sales Tax - Highlands
FSTH	7%	Florida Sales Tax - Hillsborough
FSTH	7%	Florida Sales Tax - Holmes
FSTI	7%	Florida Sales Tax - Indian River
FSTJ	7.5%	Florida Sales Tax - Jackson
FSTJ	7%	Florida Sales Tax - Jefferson
FSTJ	7%	Florida Sales Tax - Lafayette
FSTL	7%	Florida Sales Tax - Lake
FSTL	6%	Florida Sales Tax - Lee
FSTL	7.5%	Florida Sales Tax - Leon
FSTL	7%	Florida Sales Tax - Levy
FSTL	7%	Florida Sales Tax - Liberty
FSTM	7.5%	Florida Sales Tax - Madison
FSTM	6.5%	Florida Sales Tax - Manatee
FSTM	6.5%	Florida Sales Tax - Marion
FSTM	6.5%	Florida Sales Tax - Martin
FSTM	7%	Florida Sales Tax - Miami-Dade
FSTM	7.5%	Florida Sales Tax - Monroe
FSTN	7%	Florida Sales Tax - Nassau
FSTO	6%	Florida Sales Tax - Okaloosa
FSTO	7%	Florida Sales Tax - Okeechobee
FSTO	6.5%	Florida Sales Tax - Orange
FSTO	7%	Florida Sales Tax - Osceola
FSTP	6.5%	Florida Sales Tax - Palm Beach
FSTP	7%	Florida Sales Tax - Pasco
FSTP	7%	Florida Sales Tax - Pinellas
FSTP	7%	Florida Sales Tax - Polk
FSTP	7%	Florida Sales Tax - Putnam
FSTS	6%	Florida Sales Tax - Saint Johns
FSTS	7%	Florida Sales Tax - Santa Rosa
FSTS	7%	Florida Sales Tax - Seminole
FSTS	7%	Florida Sales Tax - Sumter
FSTS	7%	Florida Sales Tax - Suwannee
FSTT	7%	Florida Sales Tax - Taylor
FSTU	7%	Florida Sales Tax - Union
FSTV	6.5%	Florida Sales Tax - Volusia
FSTW	7%	Florida Sales Tax - Wakulla
FSTW	7%	Florida Sales Tax - Walton
FSTW	7%	Florida Sales Tax - Washington

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This lot is part of the auction: Treasure, World, U.S. Coin & Paper Money Auction 39 Back To Catalog Listing

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From (Incl.)	To (Excl.)	Increment
0.00	50.00	2.00
50.00	100.00	5.00
100.00	200.00	10.00
200.00	300.00	20.00
300.00	500.00	25.00
500.00	1,000.00	50.00
1,000.00	2,000.00	100.00
2,000.00	3,000.00	200.00
3,000.00	5,000.00	250.00
5,000.00	10,000.00	500.00
10,000.00	20,000.00	1,000.00
20,000.00	30,000.00	2,000.00
30,000.00	50,000.00	2,500.00
50,000.00	100,000.00	5,000.00
100,000.00	200,000.00	10,000.00
200,000.00	300,000.00	20,000.00
300,000.00	500,000.00	25,000.00
500,000.00	Infinite	50,000.00

LOT / Treasure, World, U.S. Coin & Paper Money Auc... / PERU, Lima, 8 reales, Philip II, assayer R (Rinc...

PERU, Lima, 8 reales, Philip II, assayer R (Rincón) to left, king's name as PHILPVS, legends HISPA /

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