Peru
2 Escudo 1698
Final price
2 880 €
Starting price
2 400 €
Lot number
1350
Category
Coins and medals
Subcategory
World coins
Classification
Peru
Auction number
18
Condition obverse
aUNC
Condition reverse
aUNC
Metal
Au
Referencies
Friedberg 4, Krause 28
Note
2escudo with mint mark CM was minted in a rather small amount in mint in Peruvian Cuzco with one year inscription only: 1698. After the wars of the Spanish succession were over, there was a fleet sent from South America to Spain in 1715 carrying among other things a large number of golden and silver coins and gold and silver ingots, among them also several thounsands of golden coins with the year inscription 1698 from the mint in Cuzco. After the fleet drowned in a strong thunderstorm at the Florida coast, the whole load ended up on the sea floor. A part of the load was saved by the Spanish in the following years, it was later washed out during strong storms to the sea coast and collected in the second half of the 20th century by treasury seekers. Thanks to the rareness of the coins and an interesting story connected with them the escudo and 2escudo 1698 from the Cuzco mint are very valuable pieces for collectors. Double struck. Scratch. PCGS
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