Heritage World Coin Auctions
ANA Signature Sale 3041 Sess. 4 13 August 2015
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Philippines
Ferdinand VII Type I "Manila" Countermarked 8 Reales 1828 MS62 NGC, Manila mint, KM25 (Incorrectly labeled on slab insert). Type I Counterstamp struck over a Peru 8 Reales 1828-LIMA. An absolutely spectacular Mint-State example of this Type I countermark featuring a boldly struck obverse that all but erases the previous detail of its host. This, of course, was the intended purpose--to countermark the foreign host coin to authorize its use within the Philippines. Thusly, the "Manila" counterstamp can be found on several Latin American Republic coins during this time period. While the current example presents a phenomenal strike, obliterating even the Peruvian legend, the poorly suited equipment at the Manila mint typically produced results that were far from satisfactory and within a few years the operation was canceled altogether in favor of a new counterstamp. This specimen is by far the nicest examples we've come across, with mauve-tinged surfaces that express a considerable amount of luster, and definition that is truly remarkable for the type. To give an example of just how rare this issue is in Mint State, the next highest certified 1828 "Manila" counterstamp issue graded, of any KM type, is an XF45. Until this piece surfaced, there were no known Mint State examples.
Estimate: 20000-25000 USD
Ferdinand VII Type I "Manila" Countermarked 8 Reales 1828 MS62 NGC, Manila mint, KM25 (Incorrectly labeled on slab insert). Type I Counterstamp struck over a Peru 8 Reales 1828-LIMA. An absolutely spectacular Mint-State example of this Type I countermark featuring a boldly struck obverse that all but erases the previous detail of its host. This, of course, was the intended purpose--to countermark the foreign host coin to authorize its use within the Philippines. Thusly, the "Manila" counterstamp can be found on several Latin American Republic coins during this time period. While the current example presents a phenomenal strike, obliterating even the Peruvian legend, the poorly suited equipment at the Manila mint typically produced results that were far from satisfactory and within a few years the operation was canceled altogether in favor of a new counterstamp. This specimen is by far the nicest examples we've come across, with mauve-tinged surfaces that express a considerable amount of luster, and definition that is truly remarkable for the type. To give an example of just how rare this issue is in Mint State, the next highest certified 1828 "Manila" counterstamp issue graded, of any KM type, is an XF45. Until this piece surfaced, there were no known Mint State examples.
Estimate: 20000-25000 USD