PHILIPPINES. Philippines - Mexico. 8 Reales, ND (ca. 1834-37). Manila Mint. Isabel II. NGC VF Details--Cleaned; C/S: VF Standard.
KM-121; Basso-56; PNM#6-116; PNM#16-250; PNM#21-VIII-70; Cacho-IX-CS-070; Gil-5-4-3-III. Type VI Countermark, crowned Y.II. within circular indent. Countermark applied to the obverse of a 1822-Mo JM Mexico 8 Reales of the Empire of Iturbide, first bust type with upright eagle. The Iturbide issues are a popular host type with several iterations to the design. Highly regarded and desirable amongst countermark collectors, this SCARCE host appears from time to time with our records indicating just ten examples bearing the Y.II. 5-4-3-III crown variety. The countermark is deeply impressed with early stages of degradation most prominently on the left half of the design in the pearls and "Y" of the queen's cipher. Usually appearing with a soft central strike, both sides retain much of the fine details seldom encountered on this host. The surfaces are smooth with minor marks and abrasions consistent for the grade displaying attractive gray patina throughout. Upon close inspection evidence of a past cleaning becomes apparent as indicated on the NGC insert, now subdued and quite pleasant.
From the Angelita and Benito Legarda Collection.
Estimate: $1000 - $2000