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Stack's Bowers & Ponterio
January 2022 NYINC Auction  14-16 Jan 2022
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Lot 2446

Starting price: 900 USD
Price realized: 5500 USD
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PHILIPPINES. Philippines - Mexico. 8 Reales, ND (1834-37). Manila Mint. Isabel II. PCGS Genuine--Cleaned, VF Details.
KM-128; Basso-56; PNM#6-not listed; PNM#16-257; PNM#21-VIII-77; Cacho-IX-CS-73; Gil-5-4-3-III. Type VI countermark; crowned Y.II. within circular indent. Issued by decree of 20 December 1834, suppressed 31 March 1837 (By Decree of 1 February 1836). Countermark applied to the obverse of a 1824-Mo JM Mexico Republic "Hookneck" 8 Reales, curled snake variety. This ever-popular type is a favorite of many collectors and represents the first series of republican coins struck in Mexico. This SCARCE issue seldom appears on the market, for this date we have only 14 documented example with 4 different crown varieties. The countermark is bold and clear on a moderately worn host displaying attractive gray tone with areas of brighter coloration on the high points. Close inspection of this piece does reveal evidence of a past cleaning, though it is somewhat sedate and hidden by the steely gray surfaces. The countermark is still well detailed and the overall consistency of wear is relatively even and attractive.

Ex: Ponterio & Associates, Inc (Long Beach 6/2001) Lot # 1372.

Estimate: $1500 - $2500
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