Heritage World Coin Auctions
NYINC Signature Sale 3044 3-4 January 2016
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Costa Rica
Republic Type V Countermark 4 Reales ND (1848) VG8 NGC, San Jose mint, KM-unl. (for host coin). Type IV bifacial countermark over a United States Half Dollar 1824. Host coin Good, countermark Very Good with all details still present and attractive. Authorized by decrees of October 15, 1846 and January 27, 1847 and performed until 1849 (the present coin bearing a countermark punch with the 1848 date). The former decree authorized the countermarking of cobs of acceptable quality while the latter widened the scope of the operation, instructing to perform it on any coin of acceptable fineness and weight that were unknown to the public and thus also rejected at the time. Since the cob coins were already being regulated (by the same operation) and the Spanish Colonial milled ones were universally known and readily accepted without any need to be countermarked, the coins targeted by the aforementioned 1847 edict were circular milled foreign coins that were uncommon at the time in Costa Rica, hence a few seemingly odd known coins noted by the author for this countermark, including two French 5 Francs dated 1817 - ex. Gibbs collection (H. Schulman 3/1966, lot 543) and 1832, and a handful of US half dollars, namely seven confirmed examples. Murillo lists four different examples of US Capped Bust Half Dollars (dated 1809, 1822, 1837 and 1838) with this counterstamp but the 1824 date for the base coin seems unpublished until now. A wholesome and very desirable representative of this countermarked issue, very rare on this undercoin type and likely unique as a date combination.From the Pura Vida Collection, Part I
Estimate: 8000-10000 USD
Republic Type V Countermark 4 Reales ND (1848) VG8 NGC, San Jose mint, KM-unl. (for host coin). Type IV bifacial countermark over a United States Half Dollar 1824. Host coin Good, countermark Very Good with all details still present and attractive. Authorized by decrees of October 15, 1846 and January 27, 1847 and performed until 1849 (the present coin bearing a countermark punch with the 1848 date). The former decree authorized the countermarking of cobs of acceptable quality while the latter widened the scope of the operation, instructing to perform it on any coin of acceptable fineness and weight that were unknown to the public and thus also rejected at the time. Since the cob coins were already being regulated (by the same operation) and the Spanish Colonial milled ones were universally known and readily accepted without any need to be countermarked, the coins targeted by the aforementioned 1847 edict were circular milled foreign coins that were uncommon at the time in Costa Rica, hence a few seemingly odd known coins noted by the author for this countermark, including two French 5 Francs dated 1817 - ex. Gibbs collection (H. Schulman 3/1966, lot 543) and 1832, and a handful of US half dollars, namely seven confirmed examples. Murillo lists four different examples of US Capped Bust Half Dollars (dated 1809, 1822, 1837 and 1838) with this counterstamp but the 1824 date for the base coin seems unpublished until now. A wholesome and very desirable representative of this countermarked issue, very rare on this undercoin type and likely unique as a date combination.From the Pura Vida Collection, Part I
Estimate: 8000-10000 USD