Heritage World Coin Auctions
CICF Signature Sale 3032 10-12 April 2014
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Philippines
Isabel II silver Pattern Peso 1857, KM-Unl., Basso-72, Cal-Unl., VF30 NGC. By decree of September 8, 1857, a provisional mint was established in Manila mainly to recall the circulating Onzas issued by the former Spanish American colonies that had become independent, and to reissue them in coins of 80, 40, and 20 Reales. The last denomination was equivalent to the former ½ Escudo or (or gold Peso). The present coin is clearly a pattern struck for said 1 Peso denomination but its place of manufacture has yet to be determined: the reverse clearly imitates that of the 1772-1781 series of the Madrid ½ Escudos (which is correct for the denomination intended), including the crowned "M" mintmark and the assayer initials "PJ". However, since the punches do not match, the Madrid origin for this pattern must be discarded. The Isabella II punch in neatly engraved yet does not match the ones used at the main Spanish mints of the time. Perhaps the "MANILA" legend engraved to its bottom is an indication of its place of manufacture?In any case, undoubtedly a genuine pattern (as opposed to, say, the 2 Centavos of 1859), very rare and the first example seen by the cataloger, though the example plated by Basso appears different in its toning.From The Collection of Dr. Roger R. McFadden
Estimate: 4000-5000 USD
Isabel II silver Pattern Peso 1857, KM-Unl., Basso-72, Cal-Unl., VF30 NGC. By decree of September 8, 1857, a provisional mint was established in Manila mainly to recall the circulating Onzas issued by the former Spanish American colonies that had become independent, and to reissue them in coins of 80, 40, and 20 Reales. The last denomination was equivalent to the former ½ Escudo or (or gold Peso). The present coin is clearly a pattern struck for said 1 Peso denomination but its place of manufacture has yet to be determined: the reverse clearly imitates that of the 1772-1781 series of the Madrid ½ Escudos (which is correct for the denomination intended), including the crowned "M" mintmark and the assayer initials "PJ". However, since the punches do not match, the Madrid origin for this pattern must be discarded. The Isabella II punch in neatly engraved yet does not match the ones used at the main Spanish mints of the time. Perhaps the "MANILA" legend engraved to its bottom is an indication of its place of manufacture?In any case, undoubtedly a genuine pattern (as opposed to, say, the 2 Centavos of 1859), very rare and the first example seen by the cataloger, though the example plated by Basso appears different in its toning.From The Collection of Dr. Roger R. McFadden
Estimate: 4000-5000 USD