2ND FINEST KNOWN PERU 1705 8 ESCUDOS "1715 FLEET SHIPWRECK' NGC 63 PIRATE COINS

Description: There's only one (1) piece graded in Mint State 63 (this piece) and there's only 1 higher in 64. The grade 64 has some serious issues aesthetically, very serious strike problems. The design is jumbled and doubled. In our opinion, this piece is far superior over the 64. We have/had several 1705's, this is by far the best, and first MS 1705 we've had the pleasure of owning. Highlights include: No smoothing of pillars, Full Crown, complete inner dots and partial outer dots and an extremely strong strike on date and portions of the legends. This treasure came out of an 1990's old collection.The 1705 Peru 8 Escudos Coin: A Historical and Numismatic Treasure The 1705 Peru 8 Escudos coin is an extraordinary artifact of numismatic and historical significance, tied to the reign of Philip V of Spain (1700–1746) and the fabled 1715 Fleet shipwreck. This particular coin, graded MS-63, stands out as a remarkable specimen, eclipsing its higher-graded counterpart (MS-64) in aesthetic appeal and overall craftsmanship. It offers a vivid window into early 18th-century Spanish minting practices and maritime history.The Reign of Philip V and the Coinage of Peru Philip V, the first Bourbon king of Spain, ascended to the throne in 1700 amidst the War of Spanish Succession. His reign marked significant shifts in Spain's economy, including efforts to modernize and centralize coinage as a reflection of the crown's authority. The 8 Escudos, often referred to as a "doubloon," was a gold coin minted in Spanish colonies, including Peru, to bolster Spain's global trade networks. Coins minted under Philip V often bore his name, royal crown, and heraldic symbols, embodying the Bourbon dynasty's aspirations. The 1705 Peru 8 Escudos features intricate design elements, including the Pillars of Hercules flanking a central shield, which symbolizes Spain's control over both the Old and New Worlds. The strong strike and preservation of key design features, such as the full crown, inner dots, and portions of the legends, make this particular coin an exemplary artifact of the period.Numismatic Details of the 1705 Peru 8 Escudos MS-63 The MS-63 grade of this 1705 coin signifies an exceptional level of preservation, making it one of the finest known specimens. Notably, this piece exhibits:Outstanding Strike Quality: A well-defined crown, clear date, and legible portions of the legends distinguish this coin from its peers. Unlike the MS-64 example, which suffers from doubling and strike problems, this MS-63 coin demonstrates superior craftsmanship.Design Integrity: The absence of smoothing on the pillars and the presence of both complete inner dots and partial outer dots highlight the mint's meticulous attention to detail.Historical Provenance: Emerging from a 1990s collection, this treasure has been carefully preserved, offering collectors a glimpse into the artistry of colonial minting.The 1715 Fleet Shipwreck and Its Connection to Spanish Treasure Coins The 1715 Fleet, a convoy of 11 Spanish ships, was laden with treasure from the Americas intended for Spain. Departing from Havana, the fleet was struck by a hurricane near the Florida coast, resulting in one of history's most famous maritime disasters. Only one ship survived, and vast amounts of gold and silver were lost beneath the waves, scattered across the seabed. Coins like the 1705 Peru 8 Escudos were integral to the fleet's cargo, destined to fund Spain's ambitions during Philip V's reign. Their recovery centuries later during salvage operations brought to light the craftsmanship and wealth of the Spanish Empire. The 1990s resurgence in treasure hunting, which brought this coin into prominence, reflects the ongoing allure of the 1715 Fleet.Conclusion The 1705 Peru 8 Escudos MS-63 is more than a numismatic marvel; it is a tangible link to the age of Spanish maritime dominance, colonial wealth, and historical shipwrecks. Its rarity, coupled with exceptional strike quality, sets it apart in the world of Spanish colonial coinage. This piece not only represents the legacy of Philip V but also serves as a testament to the enduring fascination with the treasures of the 1715 Fleet.

Price: 95000 USD

Location: La Jolla, California

End Time: 2025-01-10T03:56:57.000Z

Shipping Cost: N/A USD