Stack's Bowers & Ponterio
Summer 2022 Global Showcase Auction 22-26 Aug 2022
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BOLIVIA. Bolivia - Guatemala. "Royal" 8 Reales, ND (1838-40). PCGS Genuine--Holed, EF Details. Countermark: EF Details.
cf. KM-96.1 (type II countermark); Jovel-Type IV countermark. Type I Countermark, Rising sun left of mountain, Quetzal bird left perched atop mountain countermark within circular boarder. Issued by decree of 15 July 1839 concluding 30 January 1840. Countermarked on 1683-P V Bolivia Royal 8 Reales (KM-R26). A VERY RARE type, this example displays sharp details on the host coin with just a touch of light wear and a wholesome originality. The countermark is somewhat mushy, but still evident. An uncommon type, and as such this our first offering of this particular countermark and host combination. Certain to garner much interest, despite the old hole.
cf. KM-96.1 (type II countermark); Jovel-Type IV countermark. Type I Countermark, Rising sun left of mountain, Quetzal bird left perched atop mountain countermark within circular boarder. Issued by decree of 15 July 1839 concluding 30 January 1840. Countermarked on 1683-P V Bolivia Royal 8 Reales (KM-R26). A VERY RARE type, this example displays sharp details on the host coin with just a touch of light wear and a wholesome originality. The countermark is somewhat mushy, but still evident. An uncommon type, and as such this our first offering of this particular countermark and host combination. Certain to garner much interest, despite the old hole.
Due to problems of illegitimate specie in circulation a decree was issued 15 July requiring all coins to be brought to the treasury to be assayed and countermarked. Any pieces found to be false or lacking were cut in two and returned. The stamp employed for the countermarking process was used in the biannual verification of weights and measures used by merchants.
Estimate: $4000 - $6000