Watch List notes:

PHILIPPINES. Philippines - Bolivia. 8 Reales, ND (1832-34). Manilla Mint. Ferdinand VII. PCGS EF-40; Countermark: AU Details.
KM-51; Basso-55; PNM#6-78; PNM#16-43; PNM#21-VI-14; Cacho-not listed; Gil-5-4-!(2)-B. 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. Countermark applied to obverse of a 1831-PTS JL Bolivia 8 Soles. A rather SCARCE date, we have only three documented. The countermark is distinctly applied to the host coin that displays evidence of moderate circulation. The steely gray surfaces give a cool and antique appearance to this popular type.

A highly interesting characteristic of this piece is the presence of an incuse mirror image of a previous F.7.0 Gil-5-4-!-B punch, but different than the one on the obverse of this piece, and can be traced throughout this series. In fact, there are enough diagnostic characteristics of the incuse F.7.0 to fully identify the punch. Refer to our January NYINC 2021 auction Lot # 24699. By coincidence the host is a 1829-PTS JM Bolivia 8 Soles with legend spelling error, the punch can be characterized by the shape of the "7" and elongated periods in the king's cipher. This nuanced bit of information puts academic scholarship one step closer to placing a sequential order to the punches of this complex series.

Estimate: $1000 - $1500