Stack's Bowers & Ponterio
January 2020 NYINC Auction 17-18 Jan 2020
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BRAZIL. Brazil - British Honduras - Mexico. 960 Reis, 1820-R. Rio de Janeiro Mint. PCGS AU-55 Gold Shield.
KM-326.1; LDMB-P478; Levy-RG.11; Gomes-J6.25.10; Prid-3(for host coin). VERY RARE host coin. Overstruck on an 1812-20-MoJJ Mexican 8 Reales with previous crowned incuse script "GR" countermark attributed to British Honduras. Assayers letters visible at 6 o'clock on the obverse confirming the circa date, origin of host and contemporary nature of this "GR" countermark.
KM-326.1; LDMB-P478; Levy-RG.11; Gomes-J6.25.10; Prid-3(for host coin). VERY RARE host coin. Overstruck on an 1812-20-MoJJ Mexican 8 Reales with previous crowned incuse script "GR" countermark attributed to British Honduras. Assayers letters visible at 6 o'clock on the obverse confirming the circa date, origin of host and contemporary nature of this "GR" countermark.
According to David Andre Levy, author of the outstanding must have reference "The 960 Overstrikes", he speculates that between 15-20 examples are extant for this particular countermark as a host coin. When my father, Richard Ponterio, originally cataloged and sold this piece in his 1983 auction it was considered a discovery piece legitimizing this particular countermark and proving it was applied prior to 1820.
From the Kyle Ponterio Collection.
Ex: Dix Noonan Web COINEX Auction September 28, 2010 "The Edward Roehrs Collection" Part I Lot # 5.
Ex: Ponterio & Associates, Inc. Auction # 11 September 1983 Lot # 162 (with lot tag).
Estimate: $900.00- $1200.00