Peruvian Gold Coin
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Gold Cob collectors didn't learn the true story of the failed gold mint at Cuzco (1698-99) until 1964. For years, the truth was hidden in the Mint archives of Spain and Peru.
Prior to 1964 only one 1698 C M Peru 2 Escudos was known to exist. Hence, the 2 Escudo was under extreme scrutiny and reputed as being a fake. Consequently, after the recovery of the 1715 Fleet, everything changed. Most importantly, a small quantity of 1698 C M Peru 2 Escudos were discovered. This totally vindicated the one 1698 coin previously found. In conclusion, it was indeed very real and not a fake. In fact, it was a one year type only struck in Cuzco, Peru.
The truth revealed that the Cuzco