Watch List notes:

PHILIPPINES. Philippines - Mexico. 8 Reales, ND (ca. 1832-34). Manila Mint. Ferdinand VII. NGC AU Details--Damaged; C/S: AU Standard.
KM-74; Basso-55; PNM#6-Not listed; PNM#16-110; PNM#21-VI-80; Cacho-VIII-CS-043; Gil-5-4-1-C; DP-Ga06. Type V Countermark, crowned F.7.0 within circular indent. Countermark applied to the obverse of a 1830(3/2)-Ga FS Mexico Republic 8 Reales; Die style of 1825-45. As a year this is one of the more available issues with our records indicating 22 examples (Assayer FS[17] and Assayer LP[5]) all bearing the same F.7.0 countermark, Gil-5-4-1-C crown variety. The countermark is bold and nearly complete on a nice looking well detailed host. A small area of the obverse and reverse exhibit a slight flat area that occurred post-mint which accounts for the "Damaged" designation, but is hardly a distraction. This pleasing survivor is very attractive displaying lovely mixtures of dusky hues.

According to the standard reference on the Mexican Republic 8 Reales, Resplandores, virtually the entire mintage of the 1830 Guadalajara's (FS & LP) was shipped to the Philippines and is the reason this host without the countermark is much scarcer. This interesting piece of information gives incite as to why this issue is often found with a single F.7.0 countermark variety. A most intriguing issue because once the time the coins were received by the countermarking office in Manila is uncovered, the date of the countermark becomes more accurate. A real treat for the research specialist, an opportunity to place an actual time and place to a specific countermark in this series does not present itself often. To pinpoint exact dates of when the countermarking took place further research should be conducted to ascertain when the coins arrived in Manila.

From the Angelita and Benito Legarda Collection.

Estimate: $1000 - $1500