Philippines (1834-37) c/s 8 reales KM-107

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Stack's Bowers 2021 ANA sale, lot 41306
photo courtesy Stack's Bowers LLC

This specimen was lot 41306 in Stack's Bowers ANA sale (Costa Mesa, CA, August 2021), where it sold for $60,000. The catalog description[1] noted,

"Magnificent looking Costa Rican Host From the Central American Republic, ossibly Unique, PHILIPPINES. Philippines - Costa Rica. 8 Reales, ND (ca. 1834-37). Manila Mint. Isabel II. NGC AU-53; C/S: UNC Strong. Type VI Countermark, crowned Y.II. within circle. Countermark applied to the reverse of a 1831-CR F Costa Rica (Central American Republic) 8 Reales. This EXCEEDINGLY RARE and possibly UNIQUE host is captivating. Displaying light attractive mottled gray tone with a visual array of iridescent hues that complement the popular motif. By comparison, the other Central American Republic (Guatemala) issues found with Y.II. countermarks appear on the market with some frequency and are always heavily sought after. For all dates (1824-31) bearing Y.II. countermarks we have more than 30 examples recorded (countermark on the obverse[24] and reverse [9]), but only the present piece that displays the "CR" mint mark. The countermark is deeply applied and bold with good definition of the fine details on a wonderful looking host.

It is important to point out that the Costa Rican mint had a significantly smaller output of silver, for local use not meant for trade, and is far less encountered than its Guatemalan counterparts. This would explain why others from this mint have not come to light with countermarks. From the Angelita and Benito Legarda 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: 27.07 g, 0.903 fine silver (host coin).

Catalog reference: KM-107; Basso-56; PNM#6-Not listed; PNM#16-Not listed; PNM#21-Not listed; Cacho-Not listed; Gil-5-4-1-II.

Source:

  • 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.
  • 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.
  • [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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