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Coin and Paper Money Collecting/1739 V 8 Escudos gold coin

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Expert: Brad Swain - 12/26/2009


Question

1739 V 8 Escudos g
I was going through some coins that my Grandfather left me and I found one that looks very close to the  "1739 V  8 Escudos gold coin. Any input such as origin, worth, etc. about the coin I have would be greatly appreciated. Thanx, John  

P.S. I have a picture of the other side of this coin if you want or need it to make a clear decision about the coin!

Answer
Hi John, This seems to be a Spanish Peruvian 8 Escudos featuring Spanish King Philip V (1700-46). If you have pictures of each side (not over 1 megabyte each please) of just the coin you can email them to me at tbirde@psknet.com.
Collector value of a coin depends on date, mint mark (if any), number minted and condition of a coin, including amount of wear, any dents, scratches or cleaning as well as collector demand for it.
The letters to each side of the 8 appear to be L and M which should be L and N on the genuine coin. It is not the 'V' variety minted 1739-47 but the 'N' minted 1728-39.
http://en.allexperts.com/q/Coin-Collecting-2297/2009/7/Spanish-Colonial-1739-V.h...
http://www.worthpoint.com/worthopedia/peru-cob-8-escudos-1739-v-lima
http://www.goldcobs.com/peru.html
If genuine this 91.7% gold coin should weigh 27.067 grams and would contain .7980 of an ounce of gold. Collector value may be from the gold value up to about $3000 or more depending on the price of gold, wear and demand.
You might also try a library for a copy of the Standard Catalog of World Coins for pictures, values and lots more interesting info. You might find similar pieces on Ebay.com for comparison.
Brad

Brad Swain

Expertise

I have been a World Coin and Paper Money collector since about 1965. I will be glad to answer any questions you may have on World coins or currency, tokens, unusual or unknown pieces and attempt to give you estimates of value and historical information about them in a polite and prompt manner.

Experience

45 years collecting coins and paper money.

Education/Credentials
BA History, BA Geography - Virginia Tech

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