Peru Gold 2 Escudos 1854 VF 30
$975.00
$1,006.69
Check/Wire
Credit Card
| Quantity | Check/Wire | Credit Card |
|---|---|---|
| 1+ | 975.00 | 1,006.69 |
- SKU: BFB005818
- Categories: WORLD THE AMERICAS CENTRAL AND SOUTH AMERICA
The Spanish colonial escudo system was a monetary framework used throughout Spain’s American colonies from the 16th to the 19th centuries. Based on gold escudos and silver reales, the system established fixed ratios between denominations, such as 16 reales to one escudo, to facilitate trade and commerce. An escudo’s obverse usually bore the portrait of the Spanish monarch, and the reverse displayed the royal coat of arms along with the coin’s denomination. Escudos circulated alongside smaller silver coins and became a symbol of Spain’s economic and imperial reach.
Peru underwent a period of political instability and transformation following its independence from Spain in 1824. This foundational period was marked by internal divisions and power struggles between rival factions, leading to frequent changes in leadership. The country was torn between conservatives, who favored centralized government, and liberals, who advocated for federalism and more democratic reforms. In 1830, the first president, José de la Riva-Agüero, was ousted, and the nation struggled with economic challenges and unrest. The rise of Ramón Castilla in the 1840s brought relative stability, as he restored central authority and modernized the economy, focusing on the development of infrastructure, trade, and the abolition of slavery in 1854. During this time, much of Peru’s revenue came from the export of guano, which was both fertilizer and an ingredient for producing explosives. Despite this period of stability, political tensions persisted. In addition to a civil war in 1865, Peru faced several other military conflicts in the second half of the 19th century, such as the Chincha Islands War and the War of the Pacific.
This coin was graded VF 30 (very fine 30), using the Sheldon grading scale from 1 to 70. It was graded by the Numismatic Grading Company, the official grading service of the American Numismatic Association and the Professional Numismatists Guild. Here is more information about the coin grade.
Obverse: FIRME Y FELIZ POR LA UNION (translation: Strong and Happy for the Union) Standing figure of Liberty.
Reverse: REPUB PERUANA M 2E 21 Q M B 1854; Coat of arms
Reference: KM 149, Fr 65
Peru underwent a period of political instability and transformation following its independence from Spain in 1824. This foundational period was marked by internal divisions and power struggles between rival factions, leading to frequent changes in leadership. The country was torn between conservatives, who favored centralized government, and liberals, who advocated for federalism and more democratic reforms. In 1830, the first president, José de la Riva-Agüero, was ousted, and the nation struggled with economic challenges and unrest. The rise of Ramón Castilla in the 1840s brought relative stability, as he restored central authority and modernized the economy, focusing on the development of infrastructure, trade, and the abolition of slavery in 1854. During this time, much of Peru’s revenue came from the export of guano, which was both fertilizer and an ingredient for producing explosives. Despite this period of stability, political tensions persisted. In addition to a civil war in 1865, Peru faced several other military conflicts in the second half of the 19th century, such as the Chincha Islands War and the War of the Pacific.
This coin was graded VF 30 (very fine 30), using the Sheldon grading scale from 1 to 70. It was graded by the Numismatic Grading Company, the official grading service of the American Numismatic Association and the Professional Numismatists Guild. Here is more information about the coin grade.
Obverse: FIRME Y FELIZ POR LA UNION (translation: Strong and Happy for the Union) Standing figure of Liberty.
Reverse: REPUB PERUANA M 2E 21 Q M B 1854; Coat of arms
Reference: KM 149, Fr 65
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