Watch List notes:

PHILIPPINES. Philippines - Peru. 8 Reales, ND (ca. 1834-37). Manila Mint. Isabel II. NGC EF-40; C/S: AU Strong.
KM-138.2; Basso-56; PNM#6-Not listed; PNM#16-Not listed; PNM#21-Not listed; Cacho-Not listed; Gil-5-2-2. Type VI Countermark, crowned Y.II. within circle. Countermark applied to the obverse of a 1835-LIMA MM Peru Republic 8 Reales; Spelling error "POR AL UNION" variety. This EXTREMELYRARE host seldom appears on the market with or without the countermark and is highly desirable either way. Our records indicate just five examples with three different crown varieties (5-2-2[1], 5-4-1-II[1] and 5-4-3-III[3]). The countermark is crisp and boldly applied to a high-grade host coin with remaining luster in the protected areas displaying a pleasing light gray patina. The surfaces are smooth with light signs of handling consistent for the grade with even wear. A recognized and important rarity.

It is interesting to note that though this host is extremely rare, we have seen several come to market over the last couple of years. This seems to be an anomaly, since prior to recent times the market may go five years or longer without seeing another.

From the Angelita and Benito Legarda Collection.

Estimate: $4000 - $6000