Stack's Bowers & Ponterio
January 2022 NYINC Auction 14-16 Jan 2022
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GUATEMALA. Guatemala - North Peru. 8 Reales, ND (1840-41). NGC EF-40, Countermark: XF Strong.
KM-121.1; Jovel-VII Countermark. Type IV Hinged Dies Countermark; Sun over mountains on obverse; Five-pointed star superimposed on bow, arrow and quiver on reverse. Issued by decree of 31 October 1840, instituted December to early 1841. A sought after and seldom encountered VERY SCARCE host coin. On an 1838-LIMA MB North Peru Republic 8 Reales. Bi-facial countermark well applied to a wholesome moderately worn host coin displaying rich mottled gray patina with minor earthen deposits amongst the devices. This attractive looking survivor exhibits a pleasing appearance and much originality sure to add depth to the next collection it enters.
KM-121.1; Jovel-VII Countermark. Type IV Hinged Dies Countermark; Sun over mountains on obverse; Five-pointed star superimposed on bow, arrow and quiver on reverse. Issued by decree of 31 October 1840, instituted December to early 1841. A sought after and seldom encountered VERY SCARCE host coin. On an 1838-LIMA MB North Peru Republic 8 Reales. Bi-facial countermark well applied to a wholesome moderately worn host coin displaying rich mottled gray patina with minor earthen deposits amongst the devices. This attractive looking survivor exhibits a pleasing appearance and much originality sure to add depth to the next collection it enters.
The implementation of the hinged dies resulted in improved efficiency of the countermarking process allowing for a larger output and turnaround time of submitted coinage.
Estimate: $1000 - $1500