Stack's Bowers & Ponterio
January 2023 NYINC Auction 13-16 Jan 2023
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TIMOR. Timor - Mexico. Pataca, ND (1900). Carlos I. PCGS AU-50.
KM-8; Gomes-C1.01.04. Issued by Decree of 13 June 1900. Countermark: Cross of Christ incuse. Applied to the obverse of a 1891-Do JP Mexico Republic 8 Reales (KM-377.4). The countermark is deeply impress on a beautifully preserved host displaying a lovely gray tone with richer coloration amongst the devices. The surfaces exhibits light signs of being handled with minor marks or abrasions one would associate with the grade. This wholly original looking survivor is quite a bit nicer than normally encountered and as such should be considered very SCARCE and desirable.
KM-8; Gomes-C1.01.04. Issued by Decree of 13 June 1900. Countermark: Cross of Christ incuse. Applied to the obverse of a 1891-Do JP Mexico Republic 8 Reales (KM-377.4). The countermark is deeply impress on a beautifully preserved host displaying a lovely gray tone with richer coloration amongst the devices. The surfaces exhibits light signs of being handled with minor marks or abrasions one would associate with the grade. This wholly original looking survivor is quite a bit nicer than normally encountered and as such should be considered very SCARCE and desirable.
The Cross of Christ is the insignia of the Order of Our Lord Jesus Christ, founded by Dinis I of Portugal circa 1317-19 and is the symbol of all Portuguese discoveries overseas. In the closing years of the 19th Century Timor, under the authority of Macau, saw a large influx of false coins. In an attempt to mitigate this problem, the above decree was issued and all incoming coins were to be brought to the local government for inspection. If found to be correct, they were marked with the Cross of Christ and placed back into circulation.
Estimate: $1500 - $2500