Peru 2, 4, and 8 Escudos (Fakes are possible) 1696 to 1750
Hello Carissa --
I am not sure, but it sounds like you are describing a Peruvian 8 escudos gold cob coin. These coins are tremdously valuable. Does your coin resemble our picture? If so, that's great!
The 8 reales coins you mention in your questionnaire are minted in silver and use letters other than PVA. Reales and escudos were minted in silver and gold, respectively, by Spain and her far-flung colonies in the New World during the 1700s and early 1800s.
We have a lot of information about these coins and their cousin coins at this CoinQuest link (click here). At this link you will find pictures and values of Spanish Colonial coinage.
Our picture on this page comes from one of the auction lots on iCollector.com, an upscale online auction house for elegant collectibles. We thank iCollector for the use of their image. It's a beauty! This particular coin was sold for a whopping $7000 by Sedwick Auctions.
In terms of value, these old escudos reach into the stratosphere if they are genuine coins, and not counterfeits. The coin in iCollector's picture is in such good shape that it would easily sell for several thousand US dollars. Here are some sample catalog values for early gold 8 escudos:
2 ESCUDOS (about 18 mm diameter)
average circulated: $4000
well preserved: $7000
4 ESCUDOS (about 24 mm diameter)
average circulated: $11000
well preserved: $15000
8 ESCUDOS (about 32 mm diameter)
average circulated: $9000
well preserved: $12000
These coins are all roughly equal in catalog value regardless of date and minor variations, like the one Carissa describes about the feathering atop the pillars. A very knowledgeable collector might pay a premium for specific dates and variations, but this would be the exception, not the rule. In general, each coin stands on its own merits, so if you have a nice-looking example, be sure to get an in-person appraisal from a professional or top-notch amateur.
These are catalog values and must not be interpreted literally, but by the guidelines shown on our Important Terminology page (link at upper left).
Counterfeiting is a fact of life in modern numismatics (coin collecting). It wasn't always like this, but the crooks have gotten so good, all collectors must take steps to be sure their coins are genuine. The steps are usually (1) buy and sell 'slabbed' coins, that is, coins that have been authenticated, graded, and encapsulated by PCGS, NGC, ICG, or ANACS, and (2) deal only with reliable, nationally recognized coin dealers.
The picture on the left is a replica of a Peruvian 8 escudos. The fact that it is not gold is a give-away of fakeness, and you can also see marked differences in the design when you compare it to the genuine article in our main picture.
, Genre: Colonizers and Colonies
Requested by: carissa, Tue, 05-Jan-2010 14:02:45 GMT
Answered by: Paul, Sun, 13-Oct-2013 12:38:18 GMT
Reviewed by CoinQuest. Appraisal ok., Sat, 25-Jul-2015 01:49:52 GMT
Requester description: 1711 8 m p v a 7 11
Tags: peru 2 4 8 escudos escudo fakes counterfeit peruana peruvian perv escvdo escudus replica forger counterfet fake counterfiet reproductions repro reproduction counterfeits replicas forgery v 7 11 lion cross plus wave wavy castle dots dot waving waive wavey waves beaded period beading beads pionts point periods points bead building house cabin column pillar tiger pearl buildin bulding barn dwelling buliding buildings architecture houses hut columns upright lions cougar tigers pearls
There should be castles and lions in the angles of the cross, not letters. If you would like us to take a look at your coin, please use the Contact form found on the Home page of CoinQuest. Once we have started an email exchange, you can send us pictures for further evaluation.
- CoinQuest (Chris)
A coin dealer would be able to help you most effectively - and we'd be happy to take a look at it and give our opinion. Please CLICK HERE and you'll be able to upload photos.
- CoinQuest (Todd)