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Stack's Bowers & Ponterio
August 2021 ANA Auction - Online  23-25 Aug 2021
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Lot 45582

Starting price: 60 USD
Price realized: 1600 USD
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PHILIPPINES. Philippines - Peru. 8 Reales, ND (ca. 1834-37). Manila Mint. Isabel II. NGC FINE-15; C/S: VF Strong.
KM-138.2; Basso-56; PNM#6-184; PNM#16-384; PNM#21-VIII-175; Cacho-IX-CS-032; Gil-5-3-3. Type VI Countermark, crowned Y.II. within circle. Countermark applied to the obverse of a 1835-LIMA MT Peru Republic 8 Reales. A relatively common host with a VERY RARE crown variant coupled with an incuse mirror image of a 5-4-3-III on the opposing side. It appears that this crown variant was utilized towards the end of the countermarking period as so few examples bare this mark. In total we have just seven examples that share this crown variant on three different host types. All appear to be quite worn, as the present example, indicating prolonged circulation. The countermark is deeply impressed with good definition of the fine details on a well-worn host. The incuse image on the reverse clear with the pertinent details well defined making attribution easy. The surfaces are smooth exhibiting even wear with attractive rich cabinet patina offering a pleasing appearance. This highly interesting example is important for the student of this series seeking to complete the crown types.

It is interesting to note that examples bearing evidence of incuse mirror images of previous countermarks on the reverse, either F.7.0 or Y.II., can be die linked to earlier known dies. This characteristic is the result of the punches striking the surfaces the coins were countermarked on leaving an incuse mirror image. Comparable to clashed dies on struck coinage, this occurs when there is no planchet between the dies and the dies strike each other leaving an image of the opposing die.

From the Angelita and Benito Legarda Collection.

Estimate: $100 - $150

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