Stack's Bowers & Ponterio
August 2021 ANA Auction 16-21 Aug 2021
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PHILIPPINES. Philippines - Mexico. 8 Reales, ND (ca. 1832-34). Manila Mint. Ferdinand VII. NGC VF Details--Chopmarked; C/S: XF Strong.
KM-63; Basso-55; PNM#6-Not listed; PNM#16-80; PNM#21-VI-51; Cacho-Not listed; Gil-5-4-1-C. Type V Countermark, crowned F.7.0 within circular indent. Countermark applied to the obverse of a 1799-Mo FM Mexico bust 8 Reales of Charles IIII (IV). Though one of the more available bust types from the Mexico City mint with 33 examples in our records for all dates of this ruler bearing the F.7.0 countermark, for this date we only have the present piece documented. This beautifully toned and fully original looking numismatic relic is an eye-catching representative of the type. The countermark is deeply impressed and even with crisp details of the punch. This moderately worn survivor exhibits nice even wear with smooth surfaces and about eight small unobtrusive chopmarks, as indicated on the NGC insert, adding lots of character. This gorgeous example displays lovely rich gray patina with a plethora of iridescent hues that accentuate the devices.
KM-63; Basso-55; PNM#6-Not listed; PNM#16-80; PNM#21-VI-51; Cacho-Not listed; Gil-5-4-1-C. Type V Countermark, crowned F.7.0 within circular indent. Countermark applied to the obverse of a 1799-Mo FM Mexico bust 8 Reales of Charles IIII (IV). Though one of the more available bust types from the Mexico City mint with 33 examples in our records for all dates of this ruler bearing the F.7.0 countermark, for this date we only have the present piece documented. This beautifully toned and fully original looking numismatic relic is an eye-catching representative of the type. The countermark is deeply impressed and even with crisp details of the punch. This moderately worn survivor exhibits nice even wear with smooth surfaces and about eight small unobtrusive chopmarks, as indicated on the NGC insert, adding lots of character. This gorgeous example displays lovely rich gray patina with a plethora of iridescent hues that accentuate the devices.
It is interesting to note that chopmarked Spanish coins were placed into three classes determined by the amount of defacement and lose of integrity. Those found to be mostly intact and of good weight were categorized as Class I, set aside to be countermarked later and charged a 1% surcharge. While those that saw significate circulation and damage were included into Class II or Class III, which were only able to enter the country as bullion, subject to 2% import duties. The decree of 13 September 1831 states that those of Class I admitted to the Reales Cajas were to be charged a 1% countermarking tax. While those of Class II and III were deposited into the Real Aduana being charged 2% according to the bullion regulations. The decree goes on to state that the surcharge on insurgent coinage was being lowered to 1% making it equal to those of Class I Spanish coins.
From the Angelita and Benito Legarda Collection.
Estimate: $1500 - $2500