Philippines (1832-34) c/s 8 reales KM-56

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Stack's Bowers 2021 ANA sale, lot 41280
photo courtesy Stack's Bowers LLC

This specimen was lot 41280 in Stack's Bowers ANA sale (Costa Mesa, CA, August 2021), where it sold for $24,000. The catalog description[1] noted,

"PHILIPPINES. Philippines - Chile. 8 Reales, ND (ca. 1832-34). Manila Mint. Ferdinand VII. NGC EF Details--Cleaned; C/S: AU Standard. Type V Countermark, crowned F.7.0 within circular indent. Countermark applied to the reverse of a 1822-SANTIAGO FI Chile Volcano Peso. An EXTREMELY RARE and possibly UNIQUE host coin/countermark combination. Very few countermarked examples are known for early date Chile Volcano Pesos. We have only two other examples recorded of this host type bearing the F.7.0 countermark, an 1817-FJ and 1833-I. This popular host type is heavily sought after and highly prized by collectors, given the fact that so few survivors are known bearing the F.7.0 countermark. This nicely preserved and very attractive representative offers a pleasing appearance displaying a lovely mottled gray patina with richer coloration in the protected areas and faint iridescent sheen that pops out when tilted in the light. The obverse does exhibit mild signs of a past cleaning as indicated on the NGC insert, now subdued by the attractive patination. From the Angelita and Benito Legarda Collection. Plated in Piloncitos to Peso: A brief History of Coinage in the Philippines by Angelita Ganzon de Legarda, M.D. pg. 32 Published Manila, Philippines July 1976."

This counterstamp was applied 1832-34 to Latin American pesos arriving in Manila from the newly independent republics, none of which were recognized by Spain. The SCWC lists over forty different types receiving this counterstamp. Counterstamped minor coinage is rare.

Recorded mintage: unknown.

Specification: host coin 27.07 g, 0.903 fine silver.

Catalog reference: KM-56; Basso-55; PNM#6-Not listed; PNM#16-Not listed; PNM#21-Not listed; Cacho-Not listed; Gil-5-4-1-C.

Source:

  • Basso, Aldo P., Coins, Medals and Tokens of the Philippines, Menlo Park, CA: 1968.
  • Ganzon de Legarda, Angelita, Piloncitos to Pesos, A Brief History of Coinage in the Philippines, Manila: Bancom Development Corporation, 1976.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, The August 2021 ANA sale: World and Ancient Coins, Costa Mesa, CA: Stack's Bowers LLC, 2021.

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