Philippines (1834-37) c/s 8 reales KM-121

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Stack's Bowers 2021 ANA sale, lot 41312
photo courtesy Stack's Bowers LLC

This specimen was lot 41312 in Stack's Bowers ANA sale (Costa Mesa, CA, August 2021), where it sold for $10,200. The catalog description[1] noted,

"PHILIPPINES. Philippines - Mexico. 8 Reales, ND (ca. 1834-37). Manila Mint. Isabel II. NGC VF Details--Cleaned; C/S: VF Standard. Type VI Countermark, crowned Y.II. 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. The Iturbide issues are a popular host type with several iterations to the design. Highly regarded and desirable amongst countermark collectors, this SCARCE host appears from time to time with our records indicating just ten examples bearing the Y.II. 5-4-3-III crown variety. The countermark is deeply impressed with early stages of degradation most prominently on the left half of the design in the pearls and "Y" of the queen's cipher. Usually appearing with a soft central strike, both sides retain much of the fine details seldom encountered on this host. The surfaces are smooth with minor marks and abrasions consistent for the grade displaying attractive gray patina throughout. Upon close inspection evidence of a past cleaning becomes apparent as indicated on the NGC insert, now subdued and quite pleasant. 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-121; Basso-56; PNM#6-116; PNM#16-250; PNM#21-VIII-70; Cacho-IX-CS-070; Gil-5-4-3-III.

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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