File:Philippines SB119-43810o.jpg

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This specimen was lot 43810 in Stack's Bowers NYINC sale (New York, January 2019), where it sold for $2,640. The catalog description[1] noted, "PHILIPPINES. Octavo, 1773-M M. Charles III (1759-88). PCGS VF-30 Gold Shield. KM-3; Basso-5; cf.Cal-Type 191 (date not listed). VERY RARE early date. Typical crude manufacture. Far nicer than normally encountered, though slightly uneven. Slightly mis-aligned dies with a partial four digit date. Semi-glossy with attractive patina. A wholesome problem free example with good honest wear. An exciting piece sure to see interest from many collectors. From the Ray Czahor Collection. Purchased privately from Karl Stephens, c. 1986."

KM 3 listed for 1773, 1782-83, VF $165.

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