1717 Peru Philip V Gold 8 Escudos NGC AU Details SUPER RARE DATE ONLY 9 KNOWN

1717 Peru Philip V Gold 8 Escudos NGC AU Details SUPER RARE DATE

NGC HAS ONLY CERTIFIED 9 TOTAL EXAMPLES. 

Only 2 known in Mint State- a MS60 & MS62

This coin grades AU58+/MS60 in our opinion.

Hand-struck Colonial Spanish Gold from the 1600s and 1700s is rare and coveted due to several factors. Firstly, the hand-striking process itself was labor-intensive and produced limited quantities, resulting in fewer coins surviving over the centuries. Additionally, these coins were often minted in the New World colonies under challenging conditions, leading to variations in quality and design that add to their uniqueness. The historical context further enhances their value, as these coins were integral to the global economy of the time, facilitating trade and wealth accumulation in the Spanish Empire. Over time, many coins were lost, melted down, or buried in shipwrecks, making the surviving pieces even more precious. Collectors and historians prize these coins for their rich history, craftsmanship, and the glimpse they offer into a pivotal era of exploration and colonization.

Obverse

Coat-of-arms.

Script: Latin

Reverse

Crowned pillars of Hercules set on ocean waves.

Script: Latin

Mint

Lima, Peru (1565-date)

Comments

Calicó 454.