Lot 1160
Peru. 8 Escudos, 1766 - JM (Lima). Fr-28; KM-70. Charles III, 1759-1788. Young standard bust ("rat-nose" type). Draped and cuirassed bust of Charles III right, wearing Order of Golden Fleece. Reverse: Crowned arms, Order of Golden Fleece around. Excellent strike, on proof-like fields, with lustrous, textured portrait. Light, even die rust starting to show. Very Rare in this grade. This coin the finest known. NGC graded MS-64.
The Order of the Golden Fleece, located on the coat of arms here, is an order founded by king Philip of Burgandy in 1430. It was modelled on the English Order of the Garter, and its membership was limited to thirty knights plus the king. Its members were part of a very elite group enjoying significant privileges. All crimes commited by these knights could only be abjudicated by the same knights. The king had to consult the knights before going to war, and any knights found guilty of a crime would not be imprisoned, but would be placed in the custody of other knights from the Order.
Estimated Value $12,500 - 15,000.
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| Realized $31,050 |
