Philippines (1834-37) c/s 8 reales KM-97

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Stack's Bowers 2021 ANA sale, lot 41300
photo courtesy Stack's Bowers LLC

This specimen was lot 41300 in Stack's Bowers ANA sale (Costa Mesa, CA, August 2021), where it sold for $9,000. The catalog description[1] noted,

"PHILIPPINES. Philippines - Bolivia. 8 Reales, ND (ca. 1834-37). Manila Mint. Isabel II. NGC VF Details--Chopmark; C/S: XF Strong. Type VI Countermark, crowned Y.II. within circle. Countermark applied to the obverse of a 1790-PTS PR Bolivia transitional bust 8 Reales of Charles IV, ordinal IV, but with the portrait of Charles III. This is an EXTREMELY RARE two-year type found with a countermark. Not fully understood by many collectors outside the Spanish colonial series, the transitional bust types show up with far less frequency than other bust issue from any mint for either the F.7.0 or Y.II. countermarks. Our records indicate that only three transitional bust types are documented, F.7.0 (Ordinal IV[1] and Ordinal IIII[1]) and Y.II. (Ordinal IV[1], this coin). The countermark is deeply impressed with good definition of the fine details on a moderately worn host. The surfaces show signs of handling as would be expected from the designated grade with attractive mottled light gray to slate patina and a few small unobtrusive chopmarks adding to its originality. 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, 0.896 fine silver (host coin).

Catalog reference: KM-97; 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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