| The gallery tab shows only items with images. Click the thumbnails to enlarge. |
| Slot: |
1823 Lima JP Royalist Real Ex. Whittier |
| Origin/Country: |
PERU 1659-1826 |
| Design Description: |
|
| Item Description: |
REAL 1823LIMA JP |
| Grade: |
NGC MS 63 |
| Research: |
View Coin |
Owner Comments
This 1823 Real has history, rarity, premium grade, and pedigree to it's credit.
Though Peru declared Independence from Spain in 1821, royalist striking of coins did occur in 1823 and 1824. The royalists briefly took Lima from the Patriots for one month in June 1823, and it was during this time that they struck this Real (among other denominations).
All Ferdinand VII Reals are scarce in mint state, the 1823 in particular. This is the Whittier specimen, which has been re-holdered sans the Pedigree on the label. The 2006 Heritage description reports: "easily the finest known of this date struck after Lima was recaptured from the insurgents. A choice fully lustrous example with typical striking weakness at the centers."
Though there are two coins reported in MS 63 in the population report, it seems clear that both represent this single coin. CoinFactsWiki gives the details of the Stack's auction from January 2017 where I won it: http://www.coinfactswiki.com/wiki/Peru_1823-L_JP_real
I have not seen another definite mint state 1823 Real, although a nice AU+ is seen on Worthpoint from June 2011. Thus, this is quite possibly the finest known as stated by Heritage, though of course nice specimens of rare dates do surface at times from Peru. The reverse is clean with rolling Gem luster and slight softness at centers. The obverse has full but more muted luster with softness and a couple stray marks on the cheek/jaw area. Very original and very solid for the assigned grade.
It is also tied with one other Real for finest graded for the entire type.
Photographs copyright Stacks/Bowers.
|
| Slot: |
1823 1/8 Peso |
| Origin/Country: |
PERU 1822-57 |
| Design Description: |
|
| Item Description: |
1/8P 1823LIMA PROVISIONAL COINAGE |
| Grade: |
NGC MS 62 BN |
| Research: |
View Coin |
Owner Comments
History: The 1823 1/8 Peso is one of the very first coins of Independent Peru. Small coin was scarce at this time, with much of the current coins and precious medals surreptitiously being traded at the countries ports and shipped overseas. The coins of Chile were briefly approved for circulation in Peru. A motion for striking new debased coins fell through; instead copper 1/4 and 1/8 Pesos were issued to meet the need of small coin (a copper 1/4 Real, the first coin of free Peru was minted the year before). Part of the purpose of these coins was the amortization of the brief issuing of paper money in 1822 (this paper money is now very rare). The government tried to enforce the use of the new copper coins by threat of monetary punishment for those who didn't accept them. In the end, they were too easily counterfeited and this brief experiment was given up.
The 1/8 Peso is the size of a Real, but much thicker. The obverse design on the 1/8 Peso is quite glorious, featuring a resting vicuna with the Andes mountains in the background, a radiant sun, and a pole with cap.
Why do some of the 1/8 Pesos have a "V" near the date? This was a mark used to account for which coins had the copper supplied by one Cayetano de Vidaurre. Vidaurre had been contracting with the Lima mint to provide copper for coinage since 1810.
The 1/8 Peso is usually available in circulated grades. Severe pitting and planchet issues are the norm. Finding a pleasing example takes effort. In mint state they are somewhat scarce. The "V" coins are more difficult, but usually available in circulated grades; they are quite scarce in mint state. Krause gives a value of $45 in XF for the regular type. That's about right. They don't offer further pricing in better grades. In low-end mint state expect to pay $100-$250 depending on the quality of the planchet. Krause values the "V" at 145 in XF. This is too high at that grade level. However, the top graded MS 62 sold for $646.25 at Stack's in November 2013; a strong price.
Flatt and Krause report that the 1/4 and 1/8 Peso were re-struck during festivities celebrating 100 years of Independence in 1921. This may be so. However, none of the coins I've seen on the market look much like restrikes. Most mint state coins are lower-end, with pitting and no mint red. Could these really be restrikes? I doubt it. Yet, Flatt states that most mint state coins are re-strikes. The jury is out.
The PCGS graders have messed up the varieties. I have tried to adjust to the best of my ability below. Please read carefully.
Population for regular type:
One in XF 45 at NGC, one in AU 50 at NGC, one in 53 at NGC, five in 55 at NGC, one at PCGS, one in 58 at NGC, two in MS 62 at NGC, three in MS 63 at NGC, one at PCGS Red-Brown. Sixteen total, six in mint state. All are brown except the one as noted.
Population for with "V":
One in XF 40 at PCGS, one in AU 50 at NGC, one in AU 55 at NGC, one in AU 58 at NGC, one in 61 PCGS, one each in 62 at NGC and PCGS. Seven total, three in mint state. All are brown.
PCGS has labeled all their coins in the pop report as "V". This is incorrect. I have been able to suss out which are which, and have adjusted them above, save for their MS 60. So there is also one MS 60 Brown, unknown variety, not included above.
Francisco Yabar Acuna's book "Monedas Fiduciarias Del Peru" has considerable information on these early copper coins.
Set Specimen:
Dark chocolate with cartwheel luster. Unusually well struck and centered for the type with minimal pitting reserved to a small patch on the reverse. Tied with one, four better in MS 63 for non-"V" type. The set gets one copper coin!
|
| Slot: |
1830 Lima JM Real Ex. Lissner/Moore |
| Origin/Country: |
PERU 1822-57 |
| Design Description: |
|
| Item Description: |
REAL 1830LIMA JM D. Moore Collection |
| Grade: |
NGC MS 65 |
| Research: |
View Coin |
Owner Comments
This coin represents the Real type of 1826-1840, the first Reals of Independent Peru. It is the lone top graded example for the entire type. It sold in the Lissner auction in 2014, and was reholdered with the Moore pedigree in 2017. Very few early Reals of any date have graded in mint state at either PCGS or NGC. Reals had a value of 12 1/2 Cents in the United States until 1857.
A fabulously preserved specimen with essentially no contact and impeccable strike. The obverse is slate grey with boldly gleaming surfaces. The reverse adds a bit of color to the mix. This is the plate coin for the NGC price guide. A favorite coin of all that I own. In the original Lissner holder it was given a gold WINGS sticker denoting high-end preservation for the assigned grade. The "3" in the date is re-punched, possibly over a "2". All early Reals are difficult in high grades.
Photographs copyright Numismatic Guarantee Corporation.
|
| Slot: |
1855 Lima MB Real Ex Lissner/Moore |
| Origin/Country: |
PERU 1822-57 |
| Design Description: |
|
| Item Description: |
REAL 1855LIMA MB D. Moore Collection |
| Grade: |
NGC MS 65 |
| Research: |
View Coin |
Owner Comments
This example represents the 1841-1856 type of Real. To the reverse lettering was added: "10D.20G," giving the fineness of the silver. The Spanish system of measurement was recorded in dineros and granos (grains). One dinero of pure silver was 24 granos. 10 dineros, 20 granos is .903 silver, or just slightly more than the 90 percent silver coins circulating in the United States. The fineness was added in 1841 to aid in identifying these "good" silver coins as compared to the then circulating moneda feble. The feble continued to circulate, however, and many of these "good" coins were driven from the country as per Gresham's law that "the good money drives out the bad".
All of this type of Real are scarce in mint state, although finding an uncirculated Real of this type, while difficult, is less of a challenge than to find a nice example of the earlier type. This coin is the single finest graded for the entire later type. Like the 1830 Real in my set, it was sold in the Lissner sale in 2014, and re-holdered as part of the Moore sale in 2017. These two coins are the finest two Reals graded at PCGS/NGC.
Full rolling luster and clean fields define the grade given, with attractive original brown-grey toning. The strike is solid, if a touch soft. The striking became very crude at the Lima mint in the 1850's, prior to the arrival of engraver Robert Britten and the steam press from England. This example, though a touch crude, is as nice as Reals of the era come. It is also the plate coin at NGC. The previous holder featured a gold WINGS sticker, denoting high-end quality for the assigned grade.
Photographs copyright Numismatic Guarantee Corporation.
|
| Slot: |
1855 10 Centimos |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
10C 1855 MB SILVER PATTERN PHILADELPHIA MINT |
| Grade: |
PCGS PF 63 |
| Research: |
View Coin |
Owner Comments
The 1855 10 Centimos is exceedingly rare and of extreme numismatic importance. It was struck at the United States mint along with other denominations as a preparatory step towards a new decimal coinage. It features the same design as the then current "Pesos of Castilla". These were struck at the US mint in Philadelphia, likely engraved by James Longacre, the engraver famous for the Indian Head Cent and many other classic US coins designs. The 1855 patterns are considered the first coins struck by a US mint for a foreign government.
The mintage of the 1855 pattern proofs is a matter of some speculation. Certainly more copper Centimos and 1/2 Centimos were minted than the silver denominations. No more than 5 or 6 10 Centimos were likely prepared.
It is curious that the punches used in the lettering were so primitive compared to normal US mint letter punches. They match the punches used on the 1855 "Morgan and Orr" Peru medal; Morgan and Orr being the suppliers of the mint's machinery, also located in Philadelphia. Though there is correspondence showing that the US mint agreed to strike these coins for Peru, I posit that there is a possibility that Morgan and Orr struck the coins themselves, given the letter punches on the medal and coins match, though I have no other proof. More research is needed.
I have not seen any records of a 10 Centimos at auction (nor 1/2 Centimo). My specimen is the only example I have seen offered by a dealer. It is the second finest, with only one other graded: an NGC Proof 64 that is part of a set. A third example is locked in the American Numismatic Society collection; their only 1855 pattern of any denomination. A fourth is likely in the Smithsonian collection, though I do not have confirmation of this. As speculation, a fifth may be in a museum in Peru. The chances of seeing this coin offered in even a twenty year period is low.
PCGS calls these "Special Presentation" strikings, while NGC assigns them "Proof" designation. I think the later is likely more accurate. This SP 63 example has minimal contact, with light die lights. Golden-yellow toning appears across both sides when held towards the light. Far and away the most historically important and rare coin in my set.
Photographs copyright PCGS.
|
| Slot: |
1860 YB Real |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
REAL 1860 YB |
| Grade: |
NGC MS 66 |
| Research: |
View Coin |
Owner Comments
The 1860 Real is part of the short three year series known as "transitionals". This coin was the precursor of the Dinero and shared largely of the same design.
The Real of 1860 is more difficult in all grades compared to the more common 1860 1/2 Real. Available in circulated grades, the 1860 is more challenging in mint state, and rare in Gem or better. Compared to the 1859 and 1861 Real, however, this is the common date of the three. There are many minor die varieties for this date.
The set specimen is the second finest graded, with only the Lissner example grading finer at MS 67. This coin appears to have poppier luster than the Lissner coin and is very high end for the grade, featuring booming luster and a near total lack of contact; essentially as struck. It is also the NGC price guide plate coin. Re-punching is seen one the date and many letters.
No 1860's have been graded at PCGS. NGC has one in 61, two in 62, three in 63, three in 64, and one each in 65, 66, and 67 for a total of 13 mint state coins. Add one graded 1859 Real in 63, and there are 14 total mint state coins for the type. Nice MS 63/64 examples, though showing up infrequently, often bring fairly modest prices, and are a recommended buy.
Photographs copyright Numismatic Guarantee Corporation.
|
| Slot: |
1863 YB |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
DINERO 1863 YB |
| Grade: |
NGC MS 65 |
| Research: |
View Coin |
Owner Comments
1863 is the first year of the Dinero series proper. Compared to coins of the coming years (even 1864), the 1863's were well made, featuring crisp strikes, bold rims, and careful letter/numeral punchings, Some nice examples were tucked away, though nowhere near the amount of 1863 1/2 Dineros saved. Searching for a pleasing choice example will still take some diligence. This date would make a superior type coin for the early series.
Flatt notes these come with large or small superscript o's; a rotated die is known with the small o. Flatt also reports (though he didn't own) an example with no dot between YB, and one with only one dot after REPUB (I have also not seen these). The 1972 Almanzar/Seppa price guide lists a normal and "crude die" for this date, with a very high valuation for the crude die. I have not seen a coin that would qualify as "crude".
Tied with one other Gem at NGC and one at PCGS. One better in 66 at NGC. NGC used to have a 67 in their records, but this coin has been removed. At lower grades, NGC has one in 62, one in 63, and three in 64. PCGS has two in 64. All PCGS coins are mistakenly listed under "South Peru".
The set specimen is a gorgeous original Gem featuring a very crisp strike, clean fields, and attractive mottled toning over splendid luster. One of those coins you can stare into for 20 minutes straight, slowly rotating it in the light.
|
| Slot: |
1863 YB |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
DINERO 1863 YB |
| Grade: |
PCGS MS 64 |
| Research: |
View Coin |
Owner Comments
A duplicate 1863. I enjoy the look of this date, and this coin is very attractive for the grade. Tied with four others at PCGS/NGC, with four better. See the previous 1863 for full discussion of this date.
This example is choice for the grade, featuring argent tone, clean bright fields, and a crisp strike; the only minor distraction being a small spot on "Y" of YB. Otherwise, near Gem. A very pleasing example.
Photographs copyright PCGS.
|
| Slot: |
1864 YB |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
DINERO 1864 YB |
| Grade: |
NGC MS 63 |
| Research: |
View Coin |
Owner Comments
The 1864 Dinero is widely available in circulated grades. In true mint state it is scarce, and rare in Gem. Varieties abound. Flatt lists eleven different die varieties for the date, and I've added almost as many more. An interesting and affordable set could be made of varieties in circulated grades. The work of punching letters and numerals onto hubs became sloppy in just the Dinero's second yet. Many dies were used past their lifespan creating examples with die cracks.
Varieties as given by Flatt:
1. 1864/3 REPUB: large "O" in DINO (I have seen)
2. 1864/3 REPUB: small "O" in DINO (I have seen)
3. REPUB: large "O" in DINO (Also D:FINO) (I have seen)
4. REPUB: large "O" in DINO, very long bar beneath "O" (I have not seen)
5. REPUB: large "O" in DINO, YB (note no period), Low "4" (I have not seen)
6. REPUB: large "O" in DINO, Y. B (note period, I'm not sure if Flatt is saying the initials are wide or not), Low "4" (I have not seen)
7. REPUB: large "O" in DINO, 1864/4, higher "4" over lower "4" (I have not seen as a REPUB:)
8. REPUB: large "O" in DINO, Roman 1 in date (I have not seen as REPUB:)
9. REPUB: "O" that looks like a "6" in DINO, Roman 1 in date (I have not seen as a REPUB: or Roman 1)
10. REPUB. small "O" in DINO (I have seen this with a low "8", high and wide "4")
11. REPUB. large "O" in DINO (I have seen)
Found by me:
12. REPUB. large "O", in DINO, 1864/4, higher "4" over lower "4"
13. REPUB. large "O/O" in DINO, 1864/4, higher "4" over lower "4"
14. REPUB. "O" that looks like "6" in DINO, normal "1" in date
15. REPUB. large "O/O" in DINO, Roman 1 in date, "4" very high, "64" close
16. REPUB. large "O" in DINO, 6/6 die cracks through date, "4" wide, "1" used as an "I" in DINO
17. REPUB. small "O" in DINO, 6/6 die cracks through date, "4" wide, normal "1" in DINO
18. REPUB. large "O/O" in DINO
19. REPUB. large tilted "4" in date, perhaps from the 1/5 Sol Punch
Yikes! Nineteen varieties and their may be more!
Attempting a summary, the reverse varieties are as follows:
REPUB: 1864/3, YB no period with low "4", Y.B low "4", 1864/4, Roman I in date
REPUB. 1864/4, Roman I in date with "4" very high and "64" close, 6/6 in date "4" wide, tilted "4"
Check to see if your coin is REPUB: or REPUB. and then check to see which reverse variety it is (or if none are present). Then see the listing above to pair it with an obverse variety.
Krause only lists the 1864 regular date and 1864/3. It gives a value of $25 for the 1864 in MS 60, which is low. It gives an even lower value of $17 for the overdate, which is absurd, as it's very scarce. It would seem REPUB. coins are a bit more common than REPUB: coins.
Three in MS 63 at NGC, one in 65 at NGC, one in 66 at PCGS. Give total graded in mint state, two in Gem or better.
The set specimen is tied for third with two others in MS 63 at NGC. Two better, one in 65 at NGC, one in 66 at PCGS. This example is variety #12, REPUB. with a re-punched "4'. Really superb old cabinet toning with clean fields, the revere in particular is exceptional for the grade.
|
| Slot: |
1865 YB |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
DINERO 1865 YB |
| Grade: |
NGC AU 58 |
| Research: |
View Coin |
Owner Comments
The 1865 Dinero is difficult to find in any grade, and may not exist in true mint state. The example in the famed Whittier collection was circulated, which should attest to the difficulty of this date. A nice circulated specimen may appear only a couple times a year or less.
In mint state, the 1865 is perhaps the most difficult early Dinero, even more difficult than the 1872. In circulated grades it is comparable to the scarcity of the 1870. It must be remembered that there may be mint state 1865's hidden away in Peru, however.
Flatt reports varieties: 1865, 6/5, and an 1865 with a Roman 1. SCWC reports an 1865/3. In theory, the 1865. 6/5 would have the reverse of a Real, not Dinero. I'm skeptical. The 1865/3 absolutely exists. My specimen has a Roman 1 in the date. There is no premium for any variety.
I am proud to own the finest graded 1865 Dinero in AU 58. An 1865/3 has also been graded in AU 50 (I know this to be the Whittier coin, which Heritage called XF). Although my coin has moderately heavy toning, the subtle coloration is very attractive; iridescent cobalt, rose, and red tone play on the surface. The 1 in 1865 is a Roman 1, which I have seen on one other coin. It is possible that all regular date 1865's have a Roman I. More research is needed.
|
| Slot: |
1866 YB |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
DINERO 1866 YB |
| Grade: |
NGC MS 64 |
| Research: |
View Coin |
Owner Comments
The 1866 is the most available of the early Dineros in better grades, along with the 1875. This isn't to say that nice Uncirculated examples are very common, however. Not many mint state examples have been graded, although the (overly) low book value for this date may turn some people against the grading fee. In circulated grades the 1866 Dinero is the most common early date, and one of the most common dates of all Dineros; many examples are always on the market. Nice XF/AU examples can be found for a very reasonable cost. Myriad dies were used this year, but the main varieties are fairly simple to organize.
Flatt reports the following:
1. Y. B small "O" in DINO (I have seen with "straight" and inclined 66)
2. Y. B large "O" in DINO, small bar beneath (I have seen with "straight" 66)
3. Y. B large "O" in DINO, long bar beneath (I have seen with "straight" 66 and a misshapen "O")
4. Y. B inclined 6's, small "O" in DINO
5. Y. B inclined 6's, large "O" in DINO (I have seen many with a larger second 6)
6. Y.B Low N/N in Peruana (I have not seen)
7. Y.B Filled "O" in DINO (I have seen with a "straight" 6, small "O", often with a patch of reflective luster around "1" in date and one with final 6 wide)
8. Y.B Wide 6 in date, distinct forelegs (I have seen many, but not sure about distinct forelegs, there are variations in the shape of the final 6)
9. Y.B Roman "1" in date, small "O" in DINO (I have not seen)
Krause adds:
10. 1866/5
I am not sure this is actually an 1866/5 rather than an 1866 with the final 6 re-punched. Die cracks often seen through the date.
Additionally I have found:
11. Filled O/O in DINO. 66 inclined. Often weakly struck letters and die cracks in date.
12. Small O/O in DINO with inclined 66.
13. First 6 re-punched and tilted to right. Large "O" with long bar.
14. Re-punched 8 and slightly re-punched first 6.
Discussion: At the end of the day, most of these varieties are minor, and many of the above are not mutually exclusive. I am not attempting a complete "Overton" type listing by individual die, as there are likely 20+ dies per side employed in this year. Quantifying the size of the "O" in DINO is non-scientific, as many different size punched were used. I have also seen thin and thick "1's" in the date used. Almanzar/Seppa mention a "crude die". I'm not sure which if any of the varieties above they are referring to.
A short set to show basic varieties could be as follows:
1. 1866/5 (or repunched final 6)
2. Re-punched first 6
3. "66" straight
4. "66" inclined
5. Roman "1" (I have not seen)
6. Wide last six
One in AU 55 at NGC (1866/5), MS 62 at NGC, one in 63 at NGC, two in 64 at NGC and one at PCGS, one in 65 at NGC. Seven total graded, six in mint state, one in Gem.
The set specimen is tied with two others for second finest, one higher. The fields are clean and highly lustrous. A blast white coin. #7 above with filled "O" and a patch of reflective luster around the "1" in the date.
|
| Slot: |
1866 YB |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
DINERO 1866 YB |
| Grade: |
PCGS MS 64 |
| Research: |
View Coin |
Owner Comments
A second 1866 Dinero in MS 64. My previous 1866 Dinero is variety #7; this is #11 with a filled "O/O" and inclined date. Please see the previous coin for a full discussion of this year. A lovely coin with original battleship grey toning on both sides with enclaves of color near the rim on the reverse with impeccable fields. Tied with two others for second finest, one better.
|
| Slot: |
1872/62 YJ/B |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
DINERO 1872/62 YJ/B |
| Grade: |
NGC MS 64 |
| Research: |
View Coin |
Owner Comments
The 1872 Dinero is rare in all grades. Mid-grade examples do surface on great occasion, though. I know of a collector who has put together a small hoard of approximately 10 coins of this date. In mint state it is extremely rare. I only know of three mint state coins: mine in MS 64 and the Whittier MS 65. The third is a raw coin that sold in an Italian Auction Firm's lot in November 2017. It would appear that this coin is a Gem, perhaps even MS 66, but no close-up photo or photo of the reverse is given (see further discussion below). I have also seen a raw AU/UNC in Peru. 1872 Dineros were struck on a single day, June 13th. 2,000 Soles worth were struck, or 20,000 pieces. This did not go far to providing the country with a circulating medium.
According to Flatt, and my experience, all examples have the overdate 7/6 and YJ/B, even though some NGC holders omit those details. Krause shows escalating values for the over-lettering, and over-lettering plus overdate, but this is unnecessary. The overdate may be very difficult to see on circulated examples, however. The "6" is very faint, even on mint state examples. The description 1872/62 is not correct, as the "2" is not over a "2", nor can it be since Dineros were first minted in 1863. The correct description is 1872 7/6 YJ/B. All genuine coins have a dramatic F/P in FINO.
Pricing is difficult, as auction history is limited. I have an associate who tells me my MS 64 would be worth $1000 to collectors in Peru. I'm not sure if that healthy of a market exists yet for Dineros in the United States. The Whittier MS 65 coin sold for $373.75 in 2006. Most all prices for Latin American coins have doubled since that auction, especially rarities, so in today's money that would be at least $750. The 1872 Dinero auctioned by an Italian firm mentioned in the opening paragraph sold with nine other coins for 600 Euros. The rest of the coins were low value, so one can surmise that this Dinero brought about 650 dollars. With high quality photos of the obverse and reverse, this coin could have made it to four figures. I did not bid because I did not see it laying around in a group of mostly low value coins!
One graded in VF (YJ/B), one in XF 45, one in MS 64 (1872/62 YJ/B), and one in MS 65 (1872 YJ/B). All at NGC. I briefly owned the XF 45 and can attest it was an 1872 7/6 YJ/B.
The set specimen, likely the second finest known for all 1872 Dineros, features completely mark free fields and a strong strike. Both sides are bathed in rich sepia old cabinet toning. Someone obviously took great care of this coin over the years. The grade limiting factor is subdued luster under the toning, which is more pronounced on the obverse than the reverse. The overall presentation is nearly that of a matte proof. Very lovely, and very rare. I know the location of the MS 65 1872, and it has been removed from it's holder, leaving my coin as the current finest in a third party holder.
|
| Slot: |
1874 YJ |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
DINERO 1874 YJ |
| Grade: |
NGC MS 65 |
| Research: |
View Coin |
Owner Comments
The 1874 is an available date in circulated grades, but infrequently available in mint state. Only five mint state coins have been graded. Overall more scarce than the 1875 Dinero, especially in mint state. There are three main varieties, see below.
Flatt notes that 1874's have either a bar beneath the "O" in "DINO", others a dot. The bar is the old style die; the dot, the new style seen in coming years. Flatt notes that coins with the bar may come with normal or high 7. Some "bar" coins come with DI/DI in "DINO" and with a Roman or normal "1" in the date. A collection in Lima he had not seen in hand also reported three other varieties: a rotated die, a low 7, and P/P inverted in PERUANA, but it's not clear if these varieties are for the bar or dot coins of 1874.
Discussion: There are essentially three main varieties, unless one wants to attempt an inventory by individual die: Bar, Bar with Roman 1, and Dot. I have only seen two 1874 Dineros with a dot. They may be very scarce. With dot coins have a thick low "7" in the date. I have also seen two coins with a Roman 1. The "1" is very high. On one of the Roman 1 coins the date, YJ, and other lettering are re-cut.
I have also noted an obverse die that comes with the lower portion of the "O" in DINO missing the bottom of the circle. I have seen this die paired with both a Roman 1 and normal 1 reverse.
One in XF 45 at PCGS, one in AU 55 at PCGS, one in MS 61 at NGC, one in 64 at PCGS, two in 65 at NGC, one in 66 at PCGS. Five in mint state, three in Gem or better. $20 in 60.
Though the set specimen features a soft obverse strike, the glowing burnt-orange hues over full luster make up for any points lost. A very attractive, special coin in the light. One of my favorites in the set. Tied for second place with one other, one better.
|
| Slot: |
1875 YJ |
| Origin/Country: |
PERU - DECIMAL |
| Design Description: |
|
| Item Description: |
DINERO 1875 YJ |
| Grade: |
NGC MS 64 |
| Research: |
View Coin |
Owner Comments
The 1875 Dinero is a common date, and the most traceable early Dinero in mint state; the 1863 and 1866 Dineros being the next most available in mint state. While the 1875 Dinero is very common in circulated grades, the 1866 takes the crown as most common early date Dinero overall. Most 1874's were made with a bar under the "O" in "DINO"; late in the year the bar was changed to a dot. This dot is continued on the 1875 and 1877 Dineros.
Both Flatt and Krause give list no varieties. This is surprising, as the 1875 1/5 Sol comes in a myriad of die states. I have found there to be numerous minor differences in the placement of the date. Some of these are: High "18", Low "8", normal "5", and "5" tilted up to the right, et al. Some dates also have re-cutting.
One in AU 58 at NGC, two in MS 61 at NGC, six in 63 at NGC, two in 64 at NGC, one each in 65 at NGC/PCGS, one in 66 at NGC, two in 66 and one in 66+ at PCGS. Sixteen total graded in mint state. Six in Gem or better. The PCGS 66+ is the highest graded early Dinero. Only five early Dineros have graded MS 66 or 66+, four of which are 1875's.
The set specimen features lovely argent rolling original luster and minimal marks. Six better.
|
|