Philippines (1834-37) c/s 8 reales KM-127

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Stack's Bowers 2021 ANA sale, lot 41314
photo courtesy Stack's Bowers LLC

This specimen was lot 41314 in Stack's Bowers ANA sale (Costa Mesa, CA, August 2021), where it sold for $14,400. The catalog description[1] noted,

"PHILIPPINES. Philippines - Mexico. 8 Reales, ND (ca. 1834-37). Manila Mint. Isabel II. NGC VF-30; C/S: XF Strong. Type VI Countermark, crowned Y.II. within circle. Countermark applied to the obverse of a 1822-Mo JM Mexico 8 Reales of the Empire of Iturbide, fifth bust type. This very SCARCE and popular type occasionally appears on the market, though usually in lower states of preservation with signs of mistreatment. Our records indicate 16 survivors for all Y.II. countermarks, with only six bearing the 5-4-1-II crown variety. The countermark is deep with bold details exhibiting the beginning signs of degradation in center of the punch. The host is nicely preserved with even wear displaying rich slate patina. From the Angelita and Benito Legarda Collection. Plated in Piloncitos to Peso: A brief History of Coinage in the Philippines, by Angelita Ganzon de Legarda, M.D. pg. 32 Published Manila, Philippines July 1976."

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-127; Basso-56; PNM#6-118; PNM#16-254; PNM#21-VIII-73; Cacho-IX-CS-071; 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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