PHILIPPINES. Philippines - Peru. 8 Reales, ND (1832-34). Manila Mint. Ferdinand VII. PCGS EF-40, C/M - XF Details.
KM-83; Basso-55; PNM#6-70; PNM#16-161; PNM#21-VI-123; Cacho-VIII-CS-027; Gil-5-4-1-C. Type V Countermark, crowned F.7.0 within circular indent. Issued by decree of 2 October 1832, commencing 5 October 1832 until 20 December 1834. One of the more abundant dates from this mint, we have more than 30 examples recorded bearing the 5-4-1-C crown variety. The countermark is bold and offers an interesting diagnostic for this punch on a wholesome looking host. The surfaces are smooth and display lovely rich mottled gray patina with a slight iridescent sheen that pops out when tilted in the light.
The F.7.0 punch used on this piece is one of the more interesting utilized in this series. It is one of the few instances where you can link the degradation of the punch to other examples based on the bulge in the center of the design. This characteristic is the result of a failing punch and can be traced from nearly perceptible to a terminal state.
Estimate: $300 - $500