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Historical Background
Philip V (1700-1746). 8 reales. 1739. Potosi. M. (Cal-1498). (Lazaro-291). . 25,29 g. “Royal” type (Galano). Struck with dies already standardized for the regular circulation cob issue, with the characteristic lobed ornamentation on the cross side, standardized from 1737, and on a smaller-diameter, thicker flan, typical of the Galanos of this period. Holed. Soft toning, more pronounced around the reliefs. Very rare.
Slabbed by PCGS as XF Details, Holed. The finest graded specimen in the PCGS census.
Ex S. P. Rutherford; ex Daniel F. Sedwick (21/10/2010), lot 490
Corresponds to Lázaro variety 291. Although Lázaro assigns an R2 rarity rating to the varieties of this date, we have not traced more than seven specimens in total, including the three cataloged by him, suggesting that the date is rarer than reported.
Wonderful specimen, with all design elements clearly visible. It retains part of the POT(OSI) legend on the reverse and the ending HISP on the obverse, an uncommon feature on Galanos of this date. Pierced at the top with respect to the pillars side, as seen on most known examples. Est...4000,00.
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