Peru 8 Escudos 1697 "Only 2 Graded- 1715 Fleet Shipwreck" RAW
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This is the first Peruvian 8 Escudos we've ever had available pre-dating 1699 (only have had two 1699's).
There are only 2 graded by NGC, and less than 10 total known!!
The short period of time during which the 8 Escudos were produced under the the reign of Carlos II in Lima gives a notable rarity to all its pieces, which are characterized by having an especially round mintage. On Jan. 6th 1683, the opening of its mint was authorized, independently of the Potosi Mint. However, it was not until 12 years later, on Aug 19th 1695, that a Royal Decree would authorize the Lima mint to mint escudos, prohibiting commerical transactions made in bar gold. We find only very rare examples in the period from 1696 to 1701. It is important to note that the year 1701 should correspond to the reign of Philip V, which underlines the historical transition in Spanish currency and the continuity of this series of coins in a new era!
The Royal Decree of 1695 authorized Lima to mint Escudos for the first time. This particular piece still retains its dark sediment and coral throughout, reflecting its origins. The centering on both sides is exemplary, leaving room to display the Full Crown, Shield, King's Ordinal (C), full inner dots and a majority of the outer dots as well as complete Legends. Truly a Trophy piece and a very important piece of Shipwreck History! Assayer H, Carlos II, weighs 26.9gm.
Click Here to read more about the '1715 Fleet Shipwreck'
There are only 2 graded by NGC, and less than 10 total known!!
The short period of time during which the 8 Escudos were produced under the the reign of Carlos II in Lima gives a notable rarity to all its pieces, which are characterized by having an especially round mintage. On Jan. 6th 1683, the opening of its mint was authorized, independently of the Potosi Mint. However, it was not until 12 years later, on Aug 19th 1695, that a Royal Decree would authorize the Lima mint to mint escudos, prohibiting commerical transactions made in bar gold. We find only very rare examples in the period from 1696 to 1701. It is important to note that the year 1701 should correspond to the reign of Philip V, which underlines the historical transition in Spanish currency and the continuity of this series of coins in a new era!
The Royal Decree of 1695 authorized Lima to mint Escudos for the first time. This particular piece still retains its dark sediment and coral throughout, reflecting its origins. The centering on both sides is exemplary, leaving room to display the Full Crown, Shield, King's Ordinal (C), full inner dots and a majority of the outer dots as well as complete Legends. Truly a Trophy piece and a very important piece of Shipwreck History! Assayer H, Carlos II, weighs 26.9gm.
Click Here to read more about the '1715 Fleet Shipwreck'
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