PERU 2 ESCUDOS 1698 FLEET PLATE SHIPWRECK ~ NGC 61 ~
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PERU 1698-M 2 ESCUDOS CERTIFIED NGC-61 MS FINEST KNOWN of ONLY 6 EVER GRADED!!! THIS PIECE IN ALL PROBABILITY CAME FROM SHIPWRECK TREASURE TROVE OF THE 1715 PLATE FLEET (WHICH LOST 11 GALLEONS OF THE EAST COAST OF FLORIDA DUE TO LARGE HURRICANES). THIS GOLD ESCUDO IS FROM THE CUZCO MINT (THE ONLY YEAR OF PRODUCTION FOR THIS MINT!), OVER 315 YEARS AGO! THIS 6.7 GRAM COB IS EXTREMELY RARE WITH ONLY 6 EVER GRADED BY NGC AND THIS IS THE FINEST KNOWN! CATALOG # KM-28 WITH A CATALOG PRICE OF $7,000 "IN JUST EF!!!" LET'S EXTRAPOLATE THIS PIECE IN MINT STATE 61 !! THE CROSS OF JERUSALEM HAS NO DOUBLE STRIKING! THE GOLD LUSTER IS STILL IN TACT AS IF IT WAS HAMMERED OUT YESTERDAY. MANY OF YOU ALREADY KNOW, BUT FOR THOSE UNFAMILIAR, THE 2 ESCUDOS ARE MUCH MUCH RARER THAN THE PIECES OF EIGHT (8 ESCUDOS). THE REASON WHY THE 2 ESCUDOS ARE SO MUCH RARER THAN THE 8 ESCUDOS IS BECAUSE THE COST TO HAVE AN ASSAYER HAMMER OUT A COIN WAS THE SAME REGARDLESS OF THE SIZE. SO, WHEN A BAR OF GOLD WAS BROUGHT IN, GENERALLY
THE OWNER DESIRED THE LEAST AMOUNT IN COINAGE CHARGES, SO HE REQUESTED AS MANY PIECES OF EIGHT THAT COULD BE STRUCK OUT OF THE BAR (MAY HAVE BEEN 10 PIECES OF EIGHT, OPPOSED TO 40 TWO ESCUDOS, SO THE CHARGES WOULD BE ONLY 1/4th WHEN STRIKING ALL PIECES OF EIGHT). THIS IS WHY IT'S EXTREMELY RARE TO EVEN FIND ANY 2 ESCUDO FROM LIMA, LET ALONE A TRULY MAGNIFICENT MS 61 FINEST KNOWN! WE ARE PROUND TO OFFER THIS PIECE IN THE OPEN MARKET!!
THE OWNER DESIRED THE LEAST AMOUNT IN COINAGE CHARGES, SO HE REQUESTED AS MANY PIECES OF EIGHT THAT COULD BE STRUCK OUT OF THE BAR (MAY HAVE BEEN 10 PIECES OF EIGHT, OPPOSED TO 40 TWO ESCUDOS, SO THE CHARGES WOULD BE ONLY 1/4th WHEN STRIKING ALL PIECES OF EIGHT). THIS IS WHY IT'S EXTREMELY RARE TO EVEN FIND ANY 2 ESCUDO FROM LIMA, LET ALONE A TRULY MAGNIFICENT MS 61 FINEST KNOWN! WE ARE PROUND TO OFFER THIS PIECE IN THE OPEN MARKET!!
