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1753-LM Peru 4 Reales Newp - Grade updated at PCGS 5/12

BoosibriBoosibri Posts: 12,249 ✭✭✭✭✭
edited May 12, 2020 4:18PM in World & Ancient Coins Forum

The Lima 4 Reales, and especially the early Lima pieces are quite scare, even rare. The Lima mint opened in 1752 and supposedly produced 4 Reales during this year though no photographic evidence currently exists (per Yonaka) and no pieces are graded by either service. For all intents and purposes the 1753 is the first collectable 4 Reales from Lima and with that there are two graded, a 1753/2 (which is suspect as an overdate) in VF 30, and this wholesome VF35 I just bought from the gun dealer. Gilroy lists this as R4 and Yonaka as R. His price was very fair and in line with auction records for more common dates (and honestly it would take a specialist to pay a premium). Regardless this is a rare coin and one I appreciate.



Latin American Collection

Comments

  • Namvet69Namvet69 Posts: 9,110 ✭✭✭✭✭

    Guns and money have a definite relationship. Nice pickup. Peace Roy

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW

  • SeekerofvamsSeekerofvams Posts: 1 ✭

    Is it for sale ?

  • YorkshiremanYorkshireman Posts: 4,583 ✭✭✭✭✭

    Cool!
    Nice job, Brian.

    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • Senator32Senator32 Posts: 407 ✭✭✭✭✭

    Very nice! Always great to find pillar 4Rs

  • OGDanOGDan Posts: 3,749 ✭✭✭✭✭

    Guess you never know where good coins are going to show up. Nice find.

  • TwoKopeikiTwoKopeiki Posts: 9,740 ✭✭✭✭✭

    Very nice addition, congrats!


    8 Reales Madness Collection
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  • ashelandasheland Posts: 23,404 ✭✭✭✭✭

    Nice find!

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  • Senator32Senator32 Posts: 407 ✭✭✭✭✭

    @Boosibri said:

    Very nice! Love 4Rs. Worried PCGS will call it details with the Chop on the D? Pretty in any event.

  • BoosibriBoosibri Posts: 12,249 ✭✭✭✭✭
    edited April 20, 2020 5:19AM

    @Senator32 said:

    @Boosibri said:

    Very nice! Love 4Rs. Worried PCGS will call it details with the Chop on the D? Pretty in any event.

    I don't think it's a chop but would probably make it more valuable if it was given the number chop mark collectors and rarity of date.

    @ChopmarkedTrades , @OriginalDan , @TLeverage - Thoughts on this being a chop?

    Latin American Collection

  • Senator32Senator32 Posts: 407 ✭✭✭✭✭

    @Boosibri You are probably right. From the picture just looked too structured to be a random mark, so thought it was a chop.

  • BoosibriBoosibri Posts: 12,249 ✭✭✭✭✭

    @Senator32 said:
    @Boosibri You are probably right. From the picture just looked too structured to be a random mark, so thought it was a chop.

    Certainly possible, good question!

    Latin American Collection

  • realeswatcherrealeswatcher Posts: 415 ✭✭✭

    Not that it matters at all to how the coin presents, but it seems like a chop. Common coin sense says it's just a tiny butterfly on the ankle, there from when the coin was pretty young, and it should be overlooked :-> . Solid piece.

    First couple of years of early Lima milled 4R ARE scarce (as alluded to, no 1752 4R in online auction records - how many are known?). Relatedly, for giggles, try to find 4R or 8R from the last few years of Lima cob coinage (1750-52)... let alone presentable examples.

  • ChopmarkedTradesChopmarkedTrades Posts: 526 ✭✭✭✭✭

    I would agree that it stands a good chance of being a chop - it does appear to have a design, even if it is not readily distinguishable as a particular character. Would certainly be a rarity beyond the base coin, which is scarce enough as is. Great piece, great color.

  • MrEurekaMrEureka Posts: 24,333 ✭✭✭✭✭

    Is that graffiti over the crown?

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • BoosibriBoosibri Posts: 12,249 ✭✭✭✭✭

    @MrEureka said:
    Is that graffiti over the crown?

    Possible, nothing organized but scattered marks and a larger hit in between the E and V

    Latin American Collection

  • AbueloAbuelo Posts: 1,843 ✭✭✭✭✭

    What was the grade before @Boosibri ?

  • BoosibriBoosibri Posts: 12,249 ✭✭✭✭✭

    @Abuelo said:
    What was the grade before @Boosibri ?

    XF40

    Latin American Collection

  • AbueloAbuelo Posts: 1,843 ✭✭✭✭✭

    Sorry, missed the holder picture.

  • coinkatcoinkat Posts: 23,462 ✭✭✭✭✭

    So for those of us who tuned in late, the coin upgraded from an NGC VF35 to a PCGS EF40... Correct?

    Experience the World through Numismatics...it's more than you can imagine.

  • BoosibriBoosibri Posts: 12,249 ✭✭✭✭✭

    @coinkat said:
    So for those of us who tuned in late, the coin upgraded from an NGC VF35 to a PCGS EF40... Correct?

    You are correct.

    Latin American Collection

  • WCCWCC Posts: 2,646 ✭✭✭✭✭

    @realeswatcher said:
    Not that it matters at all to how the coin presents, but it seems like a chop. Common coin sense says it's just a tiny butterfly on the ankle, there from when the coin was pretty young, and it should be overlooked :-> . Solid piece.

    First couple of years of early Lima milled 4R ARE scarce (as alluded to, no 1752 4R in online auction records - how many are known?). Relatedly, for giggles, try to find 4R or 8R from the last few years of Lima cob coinage (1750-52)... let alone presentable examples.

    The 1772 is the only Lima date that I would consider relatively common. It represents 26 of the 100 in Yonaka's survey but with the lowest mintage. I haven't seen many 1753 but my observations are consistent with Yonaka's. I have seen it more than most other dates but still only a few times. Best one Cayon sold last year. I'd grade it AU details. The Gilboy plate coin looks (near) UNC and appears "original".

    I don't collect cob coinage or follow Lima cobs but agree that it's presumably scarcer than pillars; one of the low percentage as a series.

  • SimonWSimonW Posts: 1,004 ✭✭✭✭✭

    Hate to resurrect an old thread, but I'm salivating over the coin, I've never seen one as nice, certainly not one available for sale. Here's mine:

    I'm BACK!!! Used to be Billet7 on the old forum.

  • SimonWSimonW Posts: 1,004 ✭✭✭✭✭

    It's actually nicer looking in hand, but obviously a low grade.

    I'm BACK!!! Used to be Billet7 on the old forum.

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