Important British and World Coins

Philippines, Decree of 1832, a Colombia, Republic, 8 Escudos, 1831rs, Bogota, obv. countermarked with crowned y·ii· in circular indent, 26.78g/6h (de Jesus, PNM 16, p.19, 197, this coin; Cayón 17410; CCT 120; KM. 141.1; F –). Flan lamination at 4 o’clock on reverse and trace of mounting on edge at 12 o’clock, otherwise good fine, countermark very fine, extremely rare (£12,000-15,000)

Provenance:
V.M. Brand Collection
H.D. Gibbs Collection, lot 1269
A. van Loan Gaines Collection
with H. Schulman May 1968
E. Roehrs Collection [from H. Christensen]
Goldberg Auction 34 (Los Angeles), 7 February 2006, lot 2392.

Under a decree signed on 27 October 1832, a new series of countermarks featuring the crowned monogram of Ferdinand VII were authorised for use on foreign silver and gold coins circulating in the Philippines. These marks, applied by the mint at Manila, replaced a series of larger marks instituted by the Captain-General of the islands in October 1828. Following the death of Ferdinand on 20 December 1834, new countermarks featuring the monogram of Isabel II were introduced. Countermarking ceased following the edict of 31 March 1837, when Spain recognised the independence of Mexico, Peru, Colombia and her other former American colonies