World Silver - 1754 Peru 8 Reales LM JD NGC MS61

The first coin one encounters in the Red Book is the Mexican "Pillar" dollar; or 8 Reales. This 8 Reale was struck in 1754 at the Lima mint in Peru under the Spanish monarchy of Ferdinand VI; who ruled between 1746 and 1759. It’s also known as a “Pillar Coin;” because of the design. The obverse features a crowned Bourbon coat of arms. The reverse features crowned globes flanked by crowned and bannered pillars; over water. We note the magnificent crisp and virtually complete strike. Rolling this coin back and forth under a strong light also casts a mint cartwheel luster. Definitely in the Condition Census and a candidate for the finest known. Interestingly; the earliest pillar dates featured a single assayer letter; which was highly atypical (and arguably illegal) for any Spanish colonial issue.A highly demanded early date Peruvian 8 Reales Pillar Dollar from the "JD" assayer; with a centralized brilliant uncirculated luster beaming out over a slightly more subdued peripheral silver sheen on both obverse and reverse. There are a few post-strike contact marks are observed for the grade. Currently there are 19 of this date and Assayer graded by NGC; with 10 finer.