Philippines (1832-34) c/s 8 reales KM-66

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Stack's Bowers 2021 ANA sale, lot 41285
photo courtesy Stack's Bowers LLC

This specimen was lot 41285 in Stack's Bowers ANA sale (Costa Mesa, CA, August 2021), where it sold for $9,600. The catalog description[1] noted,

"PHILIPPINES. Philippines - Mexico. 8 Reales, ND (ca. 1832-34). Manila Mint. Ferdinand VII. NGC VF Details--Mount Removed; C/S: XF Standard. Type V Countermark, crowned F.7.0 within circular indent. Countermark applied to the obverse of a 1822-Mo JM Mexico 8 Reales of the Empire of Iturbide, first bust type with upright eagle. An VERY RARE and popular one-year type that seldom appears on the market bearing the F.7.0 countermark, we have only four documented examples all with the 5-4-1-C countermark variation. This highly attractive survivor exhibits even wear with trivial marks and abrasions one would expect to see from the designated grade. The surfaces display a light gray in the open areas and atop of the devices while the peripheries and crevasses show more of an ash coloration with an iridescent sheen that radiates from the edges adding to its pleasing appearance. As indicated on the NGC insert remnants of a mount removal can been seen, though hardly a distraction for such a desirable host. 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-66; Basso-55; PNM#6-Not listed; PNM#16-94; PNM#21-VI-65; Cacho-VIII-CS-031; 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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