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Potosi, Bolivia, cob 8 reales, Philip II, assayer L (1st period) with P-L over denomination to left

Currency:USD Category:Coins & Paper Money / Cobs - Potosi Silver Start Price:3,250.00 USD Estimated At:3,500.00 - 5,000.00 USD
Potosi, Bolivia, cob 8 reales, Philip II, assayer L (1st period) with P-L over denomination to left
SOLD
5,000.00USDto rodeo+ (875.00) buyer's premium. + applicable fees & taxes.
This item SOLD at 2017 May 03 @ 19:52UTC-4 : AST/EDT
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Potosi, Bolivia, cob 8 reales, Philip II, assayer L (1st period) with P-L over denomination to left and new denomination over P-M to right, very rare. S-P3; KM-5.1. 26.98 grams. This beautiful coin is the first we have seen to clearly demonstrate the transition from M to L that is well known in smaller denominations, namely with new denomination (o-VIII in this case) punched over old P-M to right and new P-L punched over old denomination to left, even though no 8R specimens with P-M to right are known (unlike in lower denominations). The inner details (shield and cross) are both full and choice, as is also the crown, but unfortunately about half the legends are flat (also with small edge-split) and therefore unclear as to whether they say DEI,G (as expected) or simply D,G. A solid and undamaged VF+ for the grade, nicely toned.