What's it Worth? Peru 1808-L JP 8 reales Spanish Colonial 8 reales minted at Lima in Peru (LME monogram rev). There appears to be Chopmarks on the Obverse and Reverse This specimen is from the final date of Charles IV, struck 1791-1808. It was replaced 1808-09 by KM 106.1, the first of two imaginary busts of Ferdinand VII. Recorded mintage: 4,017,000 (mostly KM 97). Specification: 27.07 g, .896 fine silver, .780 troy oz ASW,
My guess would be between $35 - $50 dollars. Maybe someone else has another opinion. Although it's a rare coin, the grade is low and the chopmarks only add to the low grade. jmho~
I personally prefer coins with chopmarks, some people don't though. Probably still only worth around $50, common date and not in great condition.
Thanks guys...What do you think: do collectors still see chinese chopmarks as coin damage thereby diminishing value or has times changed wherein these are seen now as a specialty collection pieces adding value? Does this treatment apply to all counter stamps in general also or for specific for chopmarks alone. Thanks.
Most official countermarks add value to a coin, because the counter-marked examples are generally rarer than the unmarked coin. Most unofficial countermarks reduce the value of the coin, and are seen as mutilation. Chopmarks tend to be an exception, although some collectors are still unwilling to treat chopmarked coins as undamaged.
