Philippines (1832-34) c/s 8 reales KM-64

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Stack's Bowers 2021 ANA sale, lot 41284
photo courtesy Stack's Bowers LLC

This specimen was lot 41284 in Stack's Bowers ANA sale (Costa Mesa, CA, August 2021), where it sold for $7,200. The catalog description[1] noted,

"PHILIPPINES. Philippines - Mexico. 8 Reales, ND (ca. 1833-34). Manila Mint. Ferdinand VII. NGC VF Details--Chopmarked; C/S: XF Standard. Type V Countermark, crowned F.7.0 within circular indent. Countermark applied to the obverse of a 1810-Mo HJ Mexico armored bust 8 Reales of Ferdinand VII. A surprisingly RARE host type/countermark combination that is seldom seen. For all dates of this four-year host type we only have five examples documented for all F.7.0 countermark varieties (5-4-1-C [4] and 5-4-!(2)-B[1, the present piece]). As with all hosts that bare the effigy of Ferdinand VII, an interesting aspect is that the countermarking office authorized a current coin of the ruler with his own official mark seemingly issuing these pieces twice by the same monarch. This lovely survivor exhibits even wear on the high points with smooth surfaces and very attractive dove gray patina that is accentuated by an iridescent sheen that pops out when tilted in the light. The obverse and reverse both show several small chopmarks, as indicated on the NGC insert, but are hardly a distraction. From the Angelita and Benito Legarda Collection."

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-64; Basso-55; PNM#6-Not listed; PNM#16-Not listed; PNM#21-Not listed; Cacho-VII-CA-008; Gil-5-4-!(2)-B.

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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