Stack's Bowers & Ponterio
August 2021 ANA Auction 16-21 Aug 2021
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PHILIPPINES. Philippines - Chile. 8 Reales, ND (ca. 1834-37). Manila Mint. Isabel II. NGC VF-35; C/S: XF Standard.
KM-108; Basso-56; PNM#6-Not listed; PNM#16-Not listed; PNM#21-Not listed; Cacho-Not listed; Gil-5-3-1-I. Type VI Countermark, crowned Y.II. within circle. Countermark applied to the obverse of a 1834-SANTIAGO IJ Chile Peso. This extremely rare and possibly UNIQUE example exhibits two of the same countermarks applied to the obverse. This is more commonly referred to as a "Double Countermark". Few survivors are known today bearing more than one countermark. All are on different hosts, some show both an F.7.0 and Y.II. while others like the present piece consist of two Y.II. punches. To our knowledge this is the only Chile host coin that exhibits two countermarks. Both countermarks are uneven with sort of a flat strike on one and about half of the other. The probable reason why this piece was struck twice, attention should be paid to the poor attempt of the countermark in the right field. Missing more than half of the design elements it would seem to make sense that the countermarking office would have made another attempt at application. This beautifully preserved example displays lovely gray patina with a lovely mottled iridescent sheen and underlying luster in the protected areas. This wholly original looking survivor offers good eye appeal and a variety not normally encountered in this series.
From the Angelita and Benito Legarda Collection.
Estimate: $2000 - $4000
KM-108; Basso-56; PNM#6-Not listed; PNM#16-Not listed; PNM#21-Not listed; Cacho-Not listed; Gil-5-3-1-I. Type VI Countermark, crowned Y.II. within circle. Countermark applied to the obverse of a 1834-SANTIAGO IJ Chile Peso. This extremely rare and possibly UNIQUE example exhibits two of the same countermarks applied to the obverse. This is more commonly referred to as a "Double Countermark". Few survivors are known today bearing more than one countermark. All are on different hosts, some show both an F.7.0 and Y.II. while others like the present piece consist of two Y.II. punches. To our knowledge this is the only Chile host coin that exhibits two countermarks. Both countermarks are uneven with sort of a flat strike on one and about half of the other. The probable reason why this piece was struck twice, attention should be paid to the poor attempt of the countermark in the right field. Missing more than half of the design elements it would seem to make sense that the countermarking office would have made another attempt at application. This beautifully preserved example displays lovely gray patina with a lovely mottled iridescent sheen and underlying luster in the protected areas. This wholly original looking survivor offers good eye appeal and a variety not normally encountered in this series.
From the Angelita and Benito Legarda Collection.
Estimate: $2000 - $4000