Heritage World Coin Auctions
NYINC Signature Sale 3071 6-7 Jan 2019
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Philippines
Ferdinand VII gold Counterstamped 8 Escudos ND (1834) VF Details (Removed From Jewelry) NGC, KM85, cf. Basso-41 (for countermark). Type 5 counterstamp struck on Chile 8 Escudos of 1826. Listed as "unique" in the Standard Catalog of World coins. Astronomically rare, we only know of two auction sales where this type has come to light, this exact coin being one of those, previously hammering for 9000 British Pounds in a Baldwins sale in 2015. The "F7" countermark (representing Ferdinand VII) was used to stamp numerous silver issues throughout the period, including 2, 4, and 8 Reales, although its use on gold coinage was evidently extremely limited, exceptionally so when one begins to look for its use on specific undertypes, including the one at hand.
The coin shows a uniformity to its surfaces consistent with jewelry wear, yet retains most major elements of the design, save for the center of the reverse where the countermark has significantly softened the design. Somewhat granular throughout, yet not unattractively so, with a light peripheral amber tone. This is very likely the only chance that most collectors will have to acquire an example of this type, which, in one of the many ironies of history, was countermarked by a ruler on the coinage of a country recently liberated from the grasp of his own power.
HID02901242017
Estimate: 10000-15000 USD
Ferdinand VII gold Counterstamped 8 Escudos ND (1834) VF Details (Removed From Jewelry) NGC, KM85, cf. Basso-41 (for countermark). Type 5 counterstamp struck on Chile 8 Escudos of 1826. Listed as "unique" in the Standard Catalog of World coins. Astronomically rare, we only know of two auction sales where this type has come to light, this exact coin being one of those, previously hammering for 9000 British Pounds in a Baldwins sale in 2015. The "F7" countermark (representing Ferdinand VII) was used to stamp numerous silver issues throughout the period, including 2, 4, and 8 Reales, although its use on gold coinage was evidently extremely limited, exceptionally so when one begins to look for its use on specific undertypes, including the one at hand.
The coin shows a uniformity to its surfaces consistent with jewelry wear, yet retains most major elements of the design, save for the center of the reverse where the countermark has significantly softened the design. Somewhat granular throughout, yet not unattractively so, with a light peripheral amber tone. This is very likely the only chance that most collectors will have to acquire an example of this type, which, in one of the many ironies of history, was countermarked by a ruler on the coinage of a country recently liberated from the grasp of his own power.
HID02901242017
Estimate: 10000-15000 USD