Stack's Bowers & Ponterio
April 2021 Hong Kong Auction 5-8 Apr 2021
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PHILIPPINES. Philippines - Mexico. 8 Escudos, ND (1834-37). Isabel II. PCGS MS-61 Gold Shield; Countermark: UNC Details.
cf. Fr-A3; KM-141.3; Basso-43; Gil Crown Variety-5-4-3-III; PNM#6-Unlisted; PNM#16-Unlisted; PNM#21-Unlisted. Type VI Countermark, crowned Y.II. within circle applied to the obverse of an 1822-Mo JM Mexico Empire of Iturbide 8 Escudos. Issued by decree of 20 December 1834, suppressed 31 March 1837, by decree of 1 February 1836. This exceptional rarity was unknown to the famous and well-known early academic numismatists of the Philippines such as Pablo de I. Jesus, Gilbert Perez, Jose P. Bantung and Aldo P. Basso to name a few; and for all intents and purposes is UNIQUE and highly desirable. As a type, the gold issues are seldom encountered and are always heavily desired by serious collectors seeking rare and unusual host coins/types. The host type in this instance, an 8 Escudos from the short-lived Empire of Iturbide, is much more intriguing, as the silver versions are unusual, but an appearance in gold is almost unthinkable! Famed Philippines numismatist Aldo P. Basso, author of Coins, Medals and Tokens of the Philippines; stated "Countermarked gold coins must be placed at the top of the list". The countermark here is nicely centered, though due to the relief of the host design that it was struck over, the central portion is quite weak. This punch, die-linked to the 1825-Mo JM "Hand on book" Mexico 8 Escudos sold in our NYINC 2015 auction of the Ray Czahor collection Lot # 1428, bares interesting characteristics such as the cross section of "Y" in the queen's cipher being filled, making identification and classification to the 5-4-3 pearl sequence easy. Seldom do the countermarked gold issues from this series come to market, let alone one of this magnitude. As such, it is sure to garner much attention and spirited bidding from advanced collectors, as it could appeal to collectors that specialize in the Philippines, Mexico or irreplaceable world type coins.
cf. Fr-A3; KM-141.3; Basso-43; Gil Crown Variety-5-4-3-III; PNM#6-Unlisted; PNM#16-Unlisted; PNM#21-Unlisted. Type VI Countermark, crowned Y.II. within circle applied to the obverse of an 1822-Mo JM Mexico Empire of Iturbide 8 Escudos. Issued by decree of 20 December 1834, suppressed 31 March 1837, by decree of 1 February 1836. This exceptional rarity was unknown to the famous and well-known early academic numismatists of the Philippines such as Pablo de I. Jesus, Gilbert Perez, Jose P. Bantung and Aldo P. Basso to name a few; and for all intents and purposes is UNIQUE and highly desirable. As a type, the gold issues are seldom encountered and are always heavily desired by serious collectors seeking rare and unusual host coins/types. The host type in this instance, an 8 Escudos from the short-lived Empire of Iturbide, is much more intriguing, as the silver versions are unusual, but an appearance in gold is almost unthinkable! Famed Philippines numismatist Aldo P. Basso, author of Coins, Medals and Tokens of the Philippines; stated "Countermarked gold coins must be placed at the top of the list". The countermark here is nicely centered, though due to the relief of the host design that it was struck over, the central portion is quite weak. This punch, die-linked to the 1825-Mo JM "Hand on book" Mexico 8 Escudos sold in our NYINC 2015 auction of the Ray Czahor collection Lot # 1428, bares interesting characteristics such as the cross section of "Y" in the queen's cipher being filled, making identification and classification to the 5-4-3 pearl sequence easy. Seldom do the countermarked gold issues from this series come to market, let alone one of this magnitude. As such, it is sure to garner much attention and spirited bidding from advanced collectors, as it could appeal to collectors that specialize in the Philippines, Mexico or irreplaceable world type coins.
It is worth mentioning that the 1825-Mo JM 8 Escudos mentioned above was graded PCGS EF-45 and hammered down for an impressive $50,000- plus the buyer's premium.
From the Pinnacle Collection.
Ex: John J. Ford Collection (Glendinings 9/89) Lot # 312.
Estimate: $40000.00- $60000.00