PERU. "Royal" Presentation Cob 8 Reales, 1722-L M. Lima Mint, Assayer Christobal Cano Melgarejo (M). Philip V. NGC EF-45.

KM-R34; Lazaro-18 (same reverse die); Cal-1261. Weight: 26.96 gms. The finest certified of the type on the NGC population report, none listed on the PCGS census. This EXTREMELY RARE and desirable type seldom appears on the market and though similar to the Royals of Potosi, the Lima issues are distinctly different. The central designs are virtually identical between the two types, but the obverse legends are totally different reading as "ET YNDIARVM REX ANO 1722". This fantastic looking survivor exhibits a bold even strike on a broad round flan with minimal doubling and even wear. The surfaces display rich old cabinet patina with a slight iridescent sheen that pops out when tilted in the light adding to its pleasing appearance. A truly remarkable example, this lovely presentation coin is a true treasure from the Spanish-colonial era of Peru.

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From the Pat Johnson Collection.