Lot 1169
Peru. 8 Reales, 1808 J.P. (Lima). Eliz-73; WR-11; KM-106.1. 26.51 grams. Ferdinand VII, 1808-1833. Large laureate, draped, and cuirassed imaginary bust of Ferdinand right. Reverse: Crowned Bourbon arms, flanked by bannered pillars. Splendid boldly struck portrait, with nearly complete details on reverse. Lustrous to velvety devices on lustrous to partly reflective fields. With bright, shimmering cartwheel luster. This is the finest known example.
First year of an 1808-1809 type, which was changed later in 1809. NGC graded MS-64.
What is somewhat ironic is that the name Peru derives from the word Biru, which was the name of a local Indian ruler who lived in Panama. Pizarro mistakenly thought Biru was further south and called the area Peru after the Incan ruler. Spain recognized the name Peru in 1529. So not only did Pizarro get it wrong, but the area was named after a native. Such a native would be captured, enslaved, and exterminated by the conquerors.
Estimated Value $10,000 - 12,500.
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| Realized $18,975 |
