Lima gold coins 1716-1750

In 1716 the Lima mint undertook the first significant modification of its gold coinage since 1697. Most of these changes proved short-lived, continuing only into 1717 in a simplified form. Changes to the one escudo proved to be permanent. On the two, four, and eight escudos, the pillar side converts its two horizontal dividers from solid lines into dotted lines and adds a further 13-17 dots framing the central letters and digits. It also adds a large many-rayed star above the denomination. The cross side also adds dots, initially 12 with 4 near the center of the cross. The last modification consists of 12 tear-shaped dots (gotas con lagrimas) emerging from the crosslets and creating a “tearful cross”. This familiar religious motif is unambiguous in suggesting a memorial issue.

In May of 1748 the Spanish Crown took control of the Lima mint, removing the previous owner and most of his employees. The new superintendent, Andres de Morales, whose job was to launch the new milled coinage by 1751, allowed several curious modifications of the gold cob coinage in its final years (1748-50). No gold cobs were struck at Lima after Dec. 16, 1750.

Lima 1717 M 8 escudos. NGC MS62, Finest Tearful Cross

L97. Viceroyalty of El Peru, Lima 1717 M 8 Escudos. An exceptional, probably the finest, surviving example in 8 escudos of the "Tearful Cross" commemorative design of 1716-17. Very lustrous (as if came from the mint yesterday luster, the rival of any Fleet 1711-12 onza). Struck in remarkably high relief. The pillars and cross tower [...]

Lima 1717 M 8 escudos. NGC MS62, Finest Tearful Cross2019-10-21T15:09:08-07:00

El Peru, Lima 1750 R four escudos NGC MS 64 EX LUZ

  El Peru, LIMA 1750 R  four escudos. NGC "MS 64 EX LUZ". An exceptional near gem media onza recovered from the wreck of Nuestra Senora  de la Luz (1752). Lustrous, mint state, golden surfaces. The highest graded 1750 Lima four escudos. In fact, the highest grade Lima four escudos for the entire 50 year period 1701-1750. A truly [...]

El Peru, Lima 1750 R four escudos NGC MS 64 EX LUZ2019-10-22T14:09:33-07:00
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