Philippines (1834-37) c/s 8 reales KM-128

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from the Stack's Bowers 2022 NYINC sale, lot 2446
SB122-2446r.jpg

This specimen was lot 2446 in Stack's Bowers NYINC sale (New York, January 2022), where it sold for $6,600. The catalog description[1] noted, "PHILIPPINES. Philippines - Mexico. 8 Reales, ND (1834-37). Manila Mint. Isabel II. PCGS Genuine--Cleaned, VF Details. Type VI countermark; crowned Y.II. within circular indent. Issued by decree of 20 December 1834, suppressed 31 March 1837 (By Decree of 1 February 1836). Countermark applied to the obverse of a 1824-Mo JM Mexico Republic "Hookneck" 8 Reales, curled snake variety. This ever-popular type is a favorite of many collectors and represents the first series of republican coins struck in Mexico. This SCARCE issue seldom appears on the market, for this date we have only 14 documented example with 4 different crown varieties. The countermark is bold and clear on a moderately worn host displaying attractive gray tone with areas of brighter coloration on the high points. Close inspection of this piece does reveal evidence of a past cleaning, though it is somewhat sedate and hidden by the steely gray surfaces. The countermark is still well detailed and the overall consistency of wear is relatively even and attractive. Ex: Ponterio & Associates, Inc (Long Beach 6/2001) Lot # 1372." 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.

Recorded mintage: unknown.

Specification: host coin 27.07 g, 0.903 fine silver.

Catalog reference: Cayón-17164, KM-128; Basso-56; PNM#6-not listed; PNM#16-257; PNM#21-VIII-77; Cacho-IX-CS-73; Gil-5-4-3-III.

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 2022 NYINC Sale: World and Ancient Coins, featuring the Mark and Lottie Salton Collection and the Pat Johnson Collection, Costa Mesa, CA: Stack's Bowers LLC, 2021.

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