967

Potosi, Bolivia, cob 8 reales Royal, 1725Y, Louis I, ordinal PRIMERO, very rare.

Currency:USD Category:Coins & Paper Money / Cobs - Potosi Silver Start Price:7,000.00 USD Estimated At:7,000.00 - 10,000.00 USD
Potosi, Bolivia, cob 8 reales Royal, 1725Y, Louis I, ordinal PRIMERO, very rare.
SOLD
14,500.00USDto rodeo+ (2,537.50) buyer's premium. + applicable fees & taxes.
This item SOLD at 2016 Nov 12 @ 21:03UTC-5 : EST/CDT
All items are genuine unless noted. By bidding in this auction you understand and agree to the Terms and Conditions posted here.
Potosi, Bolivia, cob 8 reales Royal, 1725Y, Louis I, ordinal PRIMERO, very rare. S-P43b; KM-R35; CT-20. 28.68 grams. The Louis I types from colonial mints are ever popular and interesting because, with the exception of a few 1724 issues from Mexico and Bogota, they were generally made AFTER the unfortunate son of Philip V already died and was replaced with his father for a second reign. This is most egregious at the Potosi mint, which continued with his name in the legend through 1727. This popularity makes the Royals of Louis I among the most desirable and difficult to obtain, particularly since the general coins of this period are so crude. The present example is very bold, with full inner details and nearly full legends, including full LVIS PRIMERO (not just PR) and POTOSI (the pillars side slightly off-center), attractively toned VF+ with traces of light gilding, and strategically holed in the O of ANO (bottom of pillars / left arm of cross). As a die match with Lazaro #304, this qualifies as his rarity "RX," meaning no more than three known. Pedigreed to the Cayon auction of February 2012, lot #668.