Gold Cobs from the Florida shipwrecks of the 1715 Fleet & other New World wrecks. Spanish Colonial gold and silver coins from Lima, Mexico, Cuzco, Bogotá, Cartagena, and other mints.





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L68. El Peru, mint of Lima, reign of Philip V, Lima 1702 H eight escudos. A rare early Lima onza, one of only two attested Fleet specimens, lustrous mint state NGC MS 61 1715 Fleet.



Real 8 partner Bob Johnson reported finding two 1702 Lima onzas on the Nieves site (Colored Beach) on Memorial Day, 1964. in a disintegrated chest of Lima and Mexican gold cobs. (Where, oh where, have all the chests of Fleet gold gone!). Bob retained one 1702 for his personal collection and sold the other (this coin) through Real 8 to Xavier Calico. It remained in a private Spanish Collection for 50 years.


This onza is struck on a large, very round planchet with a full crown and an almost perfect pillar centering. Letters and digits are bold and sharp. The crown is the new Bourbon crown first appearing at Lima later in 1702, very probably on the issues struck in late August. The other 1702 Fleet onza shows the older Hapsburg crown of Carlos II. Though word of Carlos' death reached Lima in early 1701, design changes were slow to come. The pillar side design retains the crowned Pillars of Hercules rising from waves. Three registers are spaced across the pillars. On the top one we have L--8--H, telling us that this Lima 8 escudos was struck by assayer Francisco Hurtado. In the bottom register we have the date 7--0--2 . Unlike on the other Fleet 1702, which was forced to employ punches normally used with the two escudos, this 1702 die clearly had the advantage of new and correctly sized punches.




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