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NGC Expert Comments:
The Peru Libra (or Pound) was equal in weight and fineness to the British Sovereign and formed part of the gold-backed Peruvian monetary system. The coin was issued from 1898 until 1969 with no change in design, which show an indigenous bust on obverse and coat of arms on reverse. It’s a distinctive and attractive coin. Early dates served a monetary function and can be challenging to find in higher grades. Many later dates have miniscule mintage figures. Madz has managed to best all comers in the category, filling 38 of the 50 slots, and crushing the closest competitor by 20,000 Registry points.