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Stack's Bowers & Ponterio
August 2021 ANA Auction  16-21 Aug 2021
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Lot 41291

Starting price: 420 USD
Price realized: 1200 USD
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PHILIPPINES. Philippines - Mexico. 8 Reales, ND (ca. 1832-34). Manila Mint. Ferdinand VII. NGC EF Details--Cleaned; C/S: XF Standard.
KM-74; Basso-55; PNM#6-44; PNM#16-109; PNM#21-VI-78; Cacho-Not listed; Gil-5-4-1-C; DP-Zs08. Type V Countermark, crowned F.7.0 within circular indent. Countermark applied to the obverse of a 1829-Zs OV Mexico Republic 8 Reales; Die style of 1825-42. A somewhat sneaky rarity from this mint. Although a more available mint, with 12 examples in our records, for this date we have only the present piece documented. The countermark is deeply impressed, though uneven with the bottom of the king's cipher not struck up. This nicely preserved example exhibits even wear displaying light attractive gray patina with minor earthen deposits amongst the devices adding to its originality. Upon close inspection evidence of a past cleaning, long since toned over and pleasant, become apparent as indicated on the NGC insert.

According to the standard reference on Mexican Republic era 8 Reales, "Resplandores", this date/assyer's letters combination is very SCARCE. Combining the scarcity of the host and the fact that we have so few examples documented of this issue add to the importance of this coin.

From the Angelita and Benito Legarda Collection.

Estimate: $700 - $1000

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