Silver Cobs of Lima
1568-1752
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Peruvian silver cobs
The
Lima mint, as far as cobs are concerned, was sporadic, and as a result we do not
see as many cobs from this mint as from Mexico or Potosí. In the beginning Lima
made pillars-type "pre-cobs" like the Mexican Charles-Joanna coins, but that
ended after only a couple years. Then in 1577 a shield-type design was
mass-produced by assayer Diego de la Torre, whose design work was exemplary,
making these shield-type cobs some of the most highly sought of all cob issues.
By 1589 de la Torre's work was done and it was not till 1659 that the Viceroy of
Peru ended his mint's hiatus (but without royal authorization) with a brief
"Star of Lima" issue of unique design. Finally in 1684 the Lima mint reopened
for good and imitated the pillars-and-waves issues of Potosí until the new
machine-made "pillar dollars" were mandated there in 1752.
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