Philippines (1834-37) c/s 2 reales KM-88

Stack's Bowers 2015 NYINC sale, lot 1388

photo courtesy Stack's Bowers LLC

from Stack's Bowers 2016 ANA sale, lot 21320

The first specimen was lot 1388 in Stacks-Bowers NYINC sale (New York, January 2015), where it sold for $1,175. The catalog description^[1] noted, "PHILIPPINES. 2 Reales, ND (Decree of December 14, 1835, suppressed March 31, 1837 (By Decree of February 1, 1836). Type VI countermark crowned Y.II. within circle. On an 1832-ZsOM Mexico 2 Reales. VERY RARE host coin. Countermark well struck and slightly off center. Holed and plugged at 1 o'clock on the obverse, cleaned. Moderately worn. Countermark AU Details, host coin PCGS Genuine--Damage, VF details Secure Holder." This specimen was lot 21320 in Stack's Bowers ANA sale (Anaheim, CA, August 2016), where it sold for $3,760. The catalog description^[2] noted, "PHILIPPINES. 2 Reales, ND (Decree of December 14, 1835, Suppressed March 31, 1837 (By Decree of February 1, 1836)). NGC VF Details--Excessive Surface Hairlines. RARE denomination. Clear countermark over a Guanajuato (Mexico) 1832-MJ 2 Reales. Lightly cleaned but still a terrific example of this SCARCE host coin and countermark combination. Ex: Gibbs Collection." This counterstamp was applied 1834-37 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: 6.77 g, 0.903 fine silver.

Catalog reference: Cayón-unlisted, KM-88; Basso-43 (for countermark type); cf.PNM#6-147; PNM#16-311; Cacho-Type VI; Lopez-Chavez Yriarte-Type IV group A; Gil-Crown variety (not listed, 5-3-3).

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 Felipe VI, 1474 a 2020, Barcelona: Aureo & Calicó, 2019.
^[1]Ponterio, Richard, The January 2015 NYINC Auction: Ancient Coins, World Coins & Paper Money, Featuring the John W. Adams and Ray Czabor Collections, Irvine, CA: Stack's Bowers LLC, 2014.
^[2]Ponterio, Richard, The August 2016 Anaheim ANA Auction: Ancient Coins, World Coins & Paper Money, Santa Ana, CA: Stack's Bowers LLC, 2016.

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Philippines (1834-37) c/s 2 reales KM-88

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