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2 Reales - Philip II

Features

Issuer Peru
King Philip II (1556-1598)
Type Standard circulation coins
Years 1570-1577
Value 2 Reales
Currency Real (1568-1858)
Composition Silver (.931)
Weight 6.7668 g
Shape Round (irregular)
Technique Hammered
Orientation Variable alignment ↺
Demonetized Yes
Number
N#
47952
References MB# 9
Norman Douglas Nicol. Standard Catalog of German Coins. Krause Publications (2 volumes).

Series: Second Lima Coinage

Obverse

Crowned Hapsburg heraldic arms with mintmark and assayer's initial to the left and the value 8 (or VIII) and Lima's 6-pointed star 🟌 to the right.
(The position of this four marks may vary)

Script: Latin

Lettering: PHILIPVS II D. G. HISPAN(I)ARVM

Reverse

Castles and lions in the quarters of the Spanish coat of arms enclosed by an ornamental octolobe.

Script: Latin

Lettering: ET INDIARVM REX ✠

Mints

P Lima, Peru (1565-date)
P 🟌 Lima, Peru (1565-date)

Comments

In 1577 the Lima Mint restarted coin production with new dies sent by Spain.  The assayer Xinés Martínez begun minting this Second Series of the Lima Mint with the new design of the crowned Hapsburg shield keeping his mark X.  Martínez was succeeded at the end of the same year by Diego de la Torre, who marked his coins - ¼ , ½ , 1, 2, 4 and 8 Reales -  with a D°. 

To differentiate the Lima coinage from the Potosí coinage which also used the P of Perú since it’s opening in 1573, Lima added a six pointed star to the mintmark P.

There are plenty of varieties depending on the position of the star, the D° and P. At the beginning de la Torre used Martínez’ dices, which explains the existence of very rare coins with the superposition of his D° on Martínez’ marks 

Due to a devastating earthquake which hurt and almost destroyed Lima, the Lima Mint ceased it’s production in 1586, closed in 1588 and officially reopened only in 1684.   

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Date VG F VF XF AU UNC
1570  1570
1571  1571
1572  1572
1573  1573
1574  1574
1575  1575
1576  1576
1577  1577

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Numista Rarity index: 92 Search tips
This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.
Bullion value: USD 14.76 Search tips
This value is given for information purpose only. It is based on a price of silver at 2344 USD/kg. Numista does not buy or sell coins or metal.
Actual silver weight: 0.203 oz
Current silver price: 72.89 USD/oz (see silver price )

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