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Quintos - The 1/5 Sols of Peru

Category:  World Coins
Owner:  Forest City
Last Modified:  8/10/2018
  
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Slot: 1826 Lima 2 Reales
Origin/Country: PERU 1822-57
Design Description:
Item Description: 2R 1826LIMA JM
Grade: NGC MS 63
Research: View Coin
Owner Comments
'
Slot: 1850 Lima 2 Reales
Origin/Country: PERU 1822-57
Design Description:
Item Description: 2R 1850LIMA MB
Grade: NGC MS 65
Research: View Coin
Owner Comments
'
Slot: 1855 MB 20 Centimos Pattern
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 20C 1855 MB SILVER PATTERN PHILADELPHIA MINT
Grade: PCGS PF 64
Research: View Coin
Slot: 1859 YB 25 Centavos (Transitional)
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 25C 1859 YB
Grade: NGC MS 63
Research: View Coin
Owner Comments
General Comments:

Peru issued a short series of Standing and Seated Liberty coins now known as "transitionals" during the turbulent changeover to a decimal system. The Seated Liberty coins were also the first set of coins designed and engraved by Robert Britten, who was hired by the Peru mint from Britain to be Talla Abridor for the mint. The Seated 1/2 Real and Real can easily lay claim to being the precursor to the 1/2 Dinero and Dinero, respectively.

The 25 Centavo may be a different denomination and size to the forthcoming 1/5 Sols, but it is every bit the "Flying Eagle" to the "Indian Head Cent" of 1/5 Sols. The 25 Centavos is 6.25 grams at 25 cents, the 1/5 Sol 5 grams at 20 cents, both decimal weights. The reason why Peru decided to move from a 25 cent to 20 cent piece remains a mystery. The design of the 25 Centavos is largely similar to that of the 1863 1/5 Sol, mainly with differences of scale.

Minor varieties:

These are the three varities I've seen:

1. 9/8, period low in YB, close to laurel leaf
2. No overdate, period low in YB, low 9 in date
3. No overdate, period towards middle of YB

Flatt's listing is a bit confused, but he adds this

4. Period close to Y, large 5 in date, weakly clashed dies on Obverse.

Flatt reports that there is an Arabic 1/Roman 1 on the 9/8's.


Availability:

G-VF: Very scarce, available once or twice a year
XF-AU: Rare, available perhaps once a year
60-62: Rare
63-64: Rare, may take a couple years to find an Uncirculated specimen. While there are 6 graded, it's in high demand as a type coin, and is thus usually in strong hands.

Population Report (April 2016):

NGC: Three in 62; Two in 63; One in 64
PCGS: One in 45
Total at both services: 7; 6 in Uncirculated

Value Guide:

1972 Almanzar/Seppa: G: 12.50 VG: 20 F: 30 VF: 45 (Prices are for 1859/8, which the guide states all dates appear to be)
Current KM:
1859: VF: 85 XF: 175 UNC: 400
1859/8: VF: 65 XF: 155 UNC: 325

Although the 1972 guide doesn't even list a normal date, and KM values the overdate by 20 percent, my experience is that the plan date is more common, with about an even mix of low or middle period in Y.B. This is a difficult coin, and a one year type, I feel the prices in KM are fairly close to market. The prices for overdate versus plain date should probably be reversed though. Circulated coins do well in the market.



Auction Results:

Heritage 6/6/2006 NGC MS 63 $166.75 - The Whittier coin. Most Peru coins in this auction did poorly. This is the plate coin in KM.
Heritage 6/4/2007 NGC MS 62 $64 Cheap! But also very weakly struck in centers, kind of ugly, and eight years ago.
Heritage 4/16/2011 NGC MS 63 $1,495 (My coin. I did not pay this much!)
Heritage 4/18/2011 ANACS EF 40 9/8 $149.50
Sedwick 4/28/2011 NGC MS 63 $632.50 - Whittier Coin again.
Ebay 6/4/2011 VF, maybe light cleaning $20.50
Heritage 4/3/2012 NGC UNC Details Surface Hairlines $172.50
Ebay 11/13/2013 VF, ugly? $70.00
Lissner Sale 8/2015 NGC 64 $393.50 including BP

Set Specimen:

Tied with the Whittier coin as second finest known. One better in 64. The 64 is the Lissner coin, and from my experience, many of those coins graded at levels a bit better than they should have. That coin has dark spots on the center of the obverse, and was not stickered by WINGS. My coin has much reflectivity, featuring lightly mirrored fields with clashing on both the obverse and reverse. When held at an angle, a warm orange hue halos around the coin on each side, with a small area of rainbow oil-slick toning in the obverse exergue. Light scattered contact marks, none significant or distracting, determine the grade. From the Dana Roberts Collection. Heritage claims the weight to be 5.9 grams, rather than 6.25. They also note an "extraordinarily deep strike"







Slot: 1863 YB (RB Close)
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1863 YB Forest City Collection
Grade: NGC MS 66
Research: View Coin
Slot: 1864/3 YB
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1864/3 YB Forest City Collection
Grade: NGC MS 64
Research: View Coin
Owner Comments
'
Slot: 1864/3 YB DD
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1864/3 YB DD Forest City Collection
Grade: NGC MS 64
Research: View Coin
Owner Comments
'
Slot: 1865 YB
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1865 YB
Grade: NGC MS 63
Research: View Coin
Owner Comments
While available in circulated grades, the 1865 becomes a condition rarity in strict Uncirculated.

Overdates:

1. 1865/4

I have not seen the overdate. KM puts a couple dollar premium on it. Most coins appear to be the plain date.

Minor Varieties:

1. Large o, normal 5 in date (large o may be oval or fat and rounded), long fern leaf pointed directly at R
2. Large o, low 5 in date, REPUB.PERUANA doubled, long fern leaf pointed directly at R
3. Large o, low 5 in date, "normal" ferns
4. Small o, normal 5 in date, "normal" ferns
5. Small o, normal 5 in date, shortened leaf pointed at R
6. Small o, low 5 in date, "normal" ferns
7. Small o, low 5, long fern leaf pointed directly at R
8. Small o, low 5, last fern leaf pointed between E and R

As usual, the placement of the superscript o and bar may vary. The varieties here are a combination of Flatt and my own experience. Not sure if #1 exists, but it likely does.

Availability:
G-VF: Common
XF-AU: Scarce
60-62: Very Scarce. I've seen a couple raw coins over the years that would like grade in this area.
63-64: Difficult, only one graded at 63, none higher. I haven't seen any raw coins that would grade above 63

Population Report (Jan 2015):

NGC: One in 62; One in 63
PCGS: None Graded
Total at both services: 2; 2 in Uncirculated

Value Guide:

1972 Almanzar/Seppa: F: 2 VF: 4 XF: 7.50
Current KM: VF: 6 XF: 13 UNc: 57

Almanzar/Seppa liked this date a bit much in circulated grades, pricing it higher than any other early date, including the 1869. Current KM values are about right. I'd expect to pay 35-50 for an AU example if one can be found. And 60-100+++ for strict Uncirculated.

Auction Results:

Ebay 2/21/2013 VF $10.69
Ebay 4/1/2013 VF $10
Ebay UK 10/13/2013 Described as XF, looks AU-UNC+ $13.73 (Worthpoint, pricing may not be accurate, may lack large shipping cost). Even with shipping, someone likely got a great deal on this coin.
Ebay 2/21/2015 Choice AU/UNC lightly cleaned $22.82

Set Specimen:

Finest Known. Gorgeous rolling luster with almost an imperceptible bluish tinge. Moderately strong strike. Very attractive for the grade, only even light scattered marks and very minor carbon spots keep this from a higher designation. Some light clashing on obverse. Has a large oval superscript o, with low 5 in date, doubling on REPUB.PERUANA.
Slot: 1866 YB
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1866 YB
Grade: NGC MS 65
Research: View Coin
Owner Comments
Of the early type 1/5 Sols minted 1863-1875, the 1866 is the by far the most available. In circulated grades, it should be considered quite common, at least for a Peru issue. In low end Unc, a raw example may be found after a few months of searching for a reasonable price. It becomes more scarce in Select and better.

Overdate:

1866/5

Large superscipt o w/large bar, S/S and Large L/Small L in Sol identify this coin besides the overdate. The 6 can often look "filled". 1-8-6 downward, last 6 up.
Easy identifier: There is always an extra leaf in the ferns pointing in between E and R in Peruana that is only present on the overdate. It's conceivable the reverse could be paired with another obverse die.


Minor Varieties:

1. Small superscript o w/small bar, 18 higher than 66
2. Small superscript o w/small bar, 1-8-6-moves downward, last 6 up
3. Small superscript o w/small bar, low leaning last 6
4. Small superscript o w/small bar, wide date, 6 low, leaning only slightly
5. Small superscript o w/small bar, obvious Roman I, last 6 high and leaning, N/N Peruana
6. Small superscript o w/small bar, obvious Roman I, 8 and 6 part, first 6 learns forward, second the other way
7. Small superscript o w/small bar, Curl of last 6 touches upper part of ball of the numeral
8. Small superscript o w/small bar, first 6 thinner and upright
9. Small superscript o w/long bar, Normalish date with curl of last 6 touches upper part of ball of the numeral, possibly same reverse die as #7.

10. Large oval o w/largish bar, 1-8-6 downward, last 6 up, F/F in Feliz and E/E Peruana - likely the same reverse die as #2 repunched
11. Large o w/large bar, Thin I in FINO, low leaning last 6
12. Large oval o w/ short bar, 18 higher than 66, reverse die likely the same as #1

Availability:
G-VF: Very Common
XF-AU: Common
60-62: Common
63-64: Scarce
65+: Difficult

Population Report (Jan 2015):

Normal Date:

NGC: One in 58; One in 62; One in 63; Two in 65
PCGS: One in 58; One in 63; One in 65
Total at both services: 8; 6 in Uncirculated; 3 in Gem

Overdate:

NGC: One in 64; One in 65
PCGS: One in 63; One in 64
Total at both services: 4: 4 in Unciruclated; 1 in Gem

Total for normal plus overdate at both services: 12; 10 in Uncirculated; 4 in Gem

For being a common date overall, there aren't very many certified UNC's to go around. This is a date that can be found in low-end Unc with some looking, but overall, Uncirculated coins are exponentially more difficult to find than circ's.

Value Guide:

1972 Almanzar/Seppa: F: .75 XF: 1 UNC: 1.50

Current KM:

Regular Date: VF: 6 XF: 11 UNC: 42
Overdate: VF: 8 XF: 16 UNC: 62

The 1972 guide priced this date the lowest of any date in the entire series. Fair enough in low grades, but certainly not in AU+. Many later dates such as 1906 and 1907 are much more common. The overdate is findable, but scarce. Perhaps 1 in 12 coins is an overdate, so the premium is justified, although I'm not sure if the market cares much about varieties.

This date seems to do better in Uncirculated than 1874 for whatever reason. Perhaps type collectors prefer it. 1866's do have sharper more appealing engraving overall than the 1874 and 75. Here's what I've seen for market prices: 30-50 for an MS60-62, 50-80 for a 63, 125-150 for MS 64, 200-350+ for Gem.

Auction Results:
Ebay 10/29/2010 Choice VF $14.99 (WP)
Ebay 4/10/2011 NGC MS 65 $212.39 (WP) - This is my coin, but purchased in 2015 for a pretty well better price!
Ebay 6/12/2011 NGC MS 63 $45.50 - Nice coin for the price!
Ebay 9/13/2012 VF $18 (WP)
Ebay 11/22/2012 VF $5.90 (WP)
Ebay 12/17 2012 Nice Raw UNC, could be as high as 63/64 $33 (WP)
Ebay 1/18/2013 Fine $13.75
Ebay 2/7/2013 VF $14 (WP)
Ebay 6/2/2013 NGC MS 62 $26.77 - Nice for grade!
Ebay 8/2/2013 AU, slight rim damage, $19 (WP)
Ebay 9/29/2013 VG $19.99
Ebay 10/18/2013 XF $14.99
Ebay 2/28/2014 Cleaned XF $14.80
Sedwick 11/6/2014 1866/5 NGC 65 $176.25 - Nice! Cheap!
Ebay Early 2014 NGC MS 65 - I was under-bidder on the other NGC 65 that went for $325
Ebay 12/16/2014 Good $7.58
Ebay 1/8/2015 Cleaned XF $15.88
Ebay 1/27/2015 Fine $2.99
Ebay 2/20/2015 VF $5.21
Heritage 1/1/2015 1866/5 NGC 64 $141

It's a bit shocking how well VF/XF coins do compared to only slightly higher prices for much rarer better grades. Hold out for the better coin!
Slot: 1866/5 YB
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1866/5 YB
Grade: PCGS MS 64
Research: View Coin
Owner Comments
The 1866/5 is an easily identifiable overdate that can be cherrypicked from a dealers stock or ebay.

Diagnostics:

Large superscript o w/large bar, S/S and Large L/Small L in Sol identify this coin besides the overdate. The 6 can often look "filled". 1-8-6 downward, last 6 up.

Easy identifier: There is always an extra leaf in the ferns pointing inbetween E and R in Peruana that is only present on the overdate. It's conceivable the reverse could be paired with another obverse die.

NGC: One in 64; One in 65
PCGS: One in 63; One in 64
Total at both services: 4: 4 in Unciruclated; 1 in Gem

Current KM: VF: 8 XF: 16 UNC: 62

Set Specimen:

This coin glows. Strong creamy luster on each side mutes into subtle toning near the rims. Full cartwheel luster rolls around the surfaces. Most surface "flaws" are really die issues or simply areas where the luster is a slightly different tone due to clashed dies. Perhaps it is the small blackish areas at 1 and 4 o'clock that hold this back from being a 64+ or 65, but they are in no way distracting. Strike is strong for this type. Very premium for grade. Tied for second best graded with one coin at NGC. I missed bidding on the NGC 65 in the 2014 Sedwick auction, but am very happy with this example.
Slot: 1866 YB "Low Leaning 6"
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1866 YB
Grade: PCGS MS 63
Research: View Coin
Slot: 1867 YB
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1867 YB
Grade: NGC MS 64
Research: View Coin
Owner Comments
General Comments:

1867 is widely available in lower grades, yet becomes rare in Choice AU or better. True Mint State coins of this date very rarely appear on the market; years may pass without one offered. Unknown in Gem.

Many 1867's have a "soft" look to the strike. I have discovered three main varieties for date placement, see below.

There exists a massive error involving an 1867 1/5 Sol that accidentally found it's way into the press coining 1868 Sols.

The 1/5 Sol shows the design of the reverse of the Sol on it's Obverse, and the Sol shows a cavity with the Brockage image of the Reverse of the 1867 1/5 Sol on it's Reverse.

Minor Varieties:

1. Regular High 7, small dot after REPUB. (FC)
2. Low Leaning 7, small dot after REPUB. (FC)
3. High Close 7, large dot after REPUB. (FC)

These are the three varieties I have discovered; oddly Flatt did not report any of these. The regular High 7 and High close 7 with large dot after REPUB. are both common. The Low 7 is scarce.

Flatt did note a long and short bar under superscript o. Myriad punches were used for this o and the bar below it, and trying to quantify them is a maddening task.

All stems in the fern appear to be the same for this year, with stems pointing between "U" and "E" in REPUB, towards the dot, and between "P" and "E" in PERUANA.

Availability:

G-XF: Common
AU: Very Scarce
60+: Very Rare

Population Report (August 2016):

NGC: One in 58; One in 61; One in 62; One in 64
PCGS: None Graded
Total at both services: 4; 3 in Uncirculated

Value Guide:

1972 Almanzar/Seppa: F: .90 VF: 1.25 XF: 2
Current KM: VF: 6 XF: 13 UNc: 52

There isn't a good reason why this date should be priced below dates such as 1874 and 1875 which are more commonly found in AU/UNC. Expect to pay 5 to 15 for a VF/XF. 15-35+ for an AU, depending on the quality.

52 is not an unreasonable price for a very low-end UNC. MS 63 should bring 70-100+ and MS 64 125-175.

Auction Results:

Ebay 11/17/2010 Choice AU+ $49.99

Ebay 4/6/13 Good $10.98 (WP)

Ebay 3/1/14 XF Ebay UK $11.73 (WP)

Ebay 6/28/14 AU+? cleaned? $13.30 (WP) cheap

Ebay 7/20/14 Nice VF+ $12.93 (I bought this)

Ebay 11/27/14 Nice AU $14.95 (WP)

Ebay 4/10/15 VF Lightly Cleaned $8.50

Ebay 5/25/15 Terrible AG with Scratch on Obv Canada Ebay $11.55 (Not sure why this went for more than Junk silver)

Ebay 5/30/15 VF $9.50

Ebay 9/16/15 Nice VF/XF $13.98

Ebay 9/20/15 VF+ Maybe Cleaned $11.98

Ebay 12/11/15 Really Nice VF 26.44

Ebay 1/14/16 Good $7.35

Ebay 2/4/16 VF/XF Probably light hairlines $7.99

Ebay 3/13/16 VF $10.49

Ebay 5/12/16 Nice XF $8.01

The raw Whittier 1867 that sold in a June 2006 Heritage Lot was Uncirculated, perhaps MS 63/64.

Set Specimen:

The Finest Certified Example by 2 grade points. Gorgeous original surfaces evenly toned on both sides with intermixed rose and slate grey hues. Extremely clean surfaces. Regular High 7 in date.

Photo copyright NGC
Slot: 1869 9/9 YB
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1869 YB Forest City Collection
Grade: NGC MS 66
Research: View Coin
Owner Comments
'
Slot: 1874 YJ/YB
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1874 YJ/YB
Grade: NGC MS 66
Research: View Coin
Owner Comments
'
Slot: 1874 YJ
Origin/Country: PERU - DECIMAL
Design Description:
Item Description: 1/5S 1874 YJ
Grade: NGC MS 64
Research: View Coin
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