Philippines (1832-34) c/s 8 reales KM-53

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Stack's Bowers 2015 NYINC sale, lot 1371
photo courtesy Stack's Bowers LLC
This specimen was lot 1371 in Stacks-Bowers NYINC sale (New York, January 2015), where it sold for $8,225. The catalog description[1] noted,
"PHILIPPINES. 8 Reales, ND (Authorized October 2, 1832, commencing October 5, 1832, officially ending December 20, 1834). Type V countermark crowned F.7.0 within circle. On an 1820-R Brazil 960 Reis, overstruck on an earlier Spanish Colonial Bust 8 Reales. RARE host coin. Countermark well executed and slightly off center. Moderately worn with attractive dark grey toning. Countermark EF Details, host coin PCGS EF-40 Secure Holder."
This counterstamp was applied 1832-34 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: 27.07 g, .903 fine silver.

Catalog reference: KM-53; Basso-41; cf.PNM#16-48; cf.Cacho-Type VIII CS-004; Lopez-Chavez Yriarte- Type III group C; Gil-Crown variety 5-4-1-C (1834); ECP-fig. # 9.

Source:

  • Basso, Aldo P., Coins, Medals and Tokens of the Philippines, Menlo Park, CA: 1968.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • [1]Ponterio, Richard, The January 2015 NYINC Auction: Ancient Coins, World Coins & Paper Money, Featuring the John W. Adams and Ray Czabor Collections, Irvine, CA: Stack's Bowers LLC, 2014.

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