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

Options
Boosibri
Boosibri Posts: 12,719 ✭✭✭✭✭
edited May 12, 2020 5:18PM 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

  • Namvet69
    Namvet69 Posts: 9,424 ✭✭✭✭✭
    Options

    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

  • Seekerofvams
    Seekerofvams Posts: 1 ✭
    Options

    Is it for sale ?

  • Yorkshireman
    Yorkshireman Posts: 4,616 ✭✭✭✭✭
    Options

    Cool!
    Nice job, Brian.

    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • Senator32
    Senator32 Posts: 407 ✭✭✭✭✭
    Options

    Very nice! Always great to find pillar 4Rs

  • MilkmanDan
    MilkmanDan Posts: 3,768 ✭✭✭✭✭
    Options

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

  • TwoKopeiki
    TwoKopeiki Posts: 9,969 ✭✭✭✭✭
    Options

    Very nice addition, congrats!

    Instagram: 8 Reales Numis
  • Unknown
    Unknown
    Options
    This content has been removed.
  • asheland
    asheland Posts: 24,548 ✭✭✭✭✭
    Options

    Nice find!

    My YouTube Channel

  • Senator32
    Senator32 Posts: 407 ✭✭✭✭✭
    Options

    @Boosibri said:

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

  • Boosibri
    Boosibri Posts: 12,719 ✭✭✭✭✭
    edited April 20, 2020 6:19AM
    Options

    @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

  • Senator32
    Senator32 Posts: 407 ✭✭✭✭✭
    Options

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

  • Boosibri
    Boosibri Posts: 12,719 ✭✭✭✭✭
    Options

    @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

  • realeswatcher
    realeswatcher Posts: 538 ✭✭✭✭
    Options

    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.

  • ChopmarkedTrades
    ChopmarkedTrades Posts: 563 ✭✭✭✭✭
    Options

    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.

  • MrEureka
    MrEureka Posts: 24,782 ✭✭✭✭✭
    Options

    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.
  • Boosibri
    Boosibri Posts: 12,719 ✭✭✭✭✭
    Options

    @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

  • Abuelo
    Abuelo Posts: 2,059 ✭✭✭✭✭
    Options

    What was the grade before @Boosibri ?

  • Boosibri
    Boosibri Posts: 12,719 ✭✭✭✭✭
    Options

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

    XF40

    Latin American Collection

  • Abuelo
    Abuelo Posts: 2,059 ✭✭✭✭✭
    Options

    Sorry, missed the holder picture.

  • coinkat
    coinkat Posts: 24,543 ✭✭✭✭✭
    Options

    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.

  • Boosibri
    Boosibri Posts: 12,719 ✭✭✭✭✭
    Options

    @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

  • WCC
    WCC Posts: 3,322 ✭✭✭✭✭
    Options

    @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.

  • SimonW
    SimonW Posts: 1,588 ✭✭✭✭✭
    Options

    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.

  • SimonW
    SimonW Posts: 1,588 ✭✭✭✭✭
    Options

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

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

Categories