Watch List notes:

PHILIPPINES. Philippines - Mexico. 8 Reales, ND (ca. 1834-37). Manila Mint. Isabel II. NGC FINE-15; C/S: VF Standard.
KM-118; Basso-56; PNM#6-108; PNM#16-237; PNM#21-VII-61; Cacho-Not listed; Gil-5-3-2-IV. Type VI Countermark, crowned Y.II. with circle. Countermark applied to the obverse of a 1817-Zs AG Zacatecas Mexico War of Independence bust 8 Reales of Ferdinand VII. Another crudely made host from Mexico's War of Independence. Somewhat more abundant as a type our records indicate more than 20 examples for all dates from this mint bearing the Y.II. countermark. For this date we have only three documented survivors of all Y.II. crown varieties (5-3-2-IV[2] and 5-2-2[1]). The countermark is bold, though showing the beginning stages of degradation, on a very crudely made host missing much of the central designs on both sides. The richly toned surfaces are pleasant with minor earthen deposits amongst the devices adding to its originality.

It is interesting to note that although the War of Independence issues would have been able to circulate freely. Dependent on the state of preservation such as wear, damage or crudeness of strike they would be categorized into Class I, II or III as with other Spanish coinage. Pieces placed into Class I would have been submitted for countermarking while those in Class' II and III would be considered bullion only.

From the Angelita and Benito Legarda Collection.

Estimate: $600 - $900