Philip IV Cob 8 Reales 1659 L*M-V XF45 NGC, Lima mint, KM18.1, Cal-1247. 27.10gm. "Star of Lima" type. 8/V to both sides variety. A fleeting issue with a storied past and appreciable condition to boot. The unauthorized opening of the Lima mint in December of 1658 due in part to a lack circulating issues in the viceroyalty of Peru coupled with the decrease in fineness and weight from Potosi-minted pieces led to two years of production before being shuttered once again in April of 1660. Pieces dating to these two years of operation are uncommon in any condition, but to find a piece lacking conditional qualifier with only light instances of wear is scarce. Ample details remain, with a near full cross and waves, and most detail between the pillars easily identifiable. The NGC census notes this as the sole second-finest, bested only by an unfathomable MS61. Expected to be a popular target for all collectors considering the length of production.

HID09801242017

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