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8 Reales - Ferdinand VII Countermark on Brazil 960 Reis

Issuer Philippines
Year 1832-1834
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Value 8 Reals
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Obverse script Latin
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Reverse lettering JOANNES · D · G · PORT · P · REGENS · ET · BRAS · D · 18 15 · 960 ·
(Translation: John, by the Grace of God, Prince Regent of Portugal and Lord of Brazil.)
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Additional information

The Philippines lacked a functioning mint through much of the early nineteenth century, leaving colonial administrators dependent on foreign silver to meet local demand. Spanish authorities solved the problem pragmatically: Brazilian 960 Reis pieces — themselves struck on cob-flattened Spanish colonial 8 Reales blanks — were counterstamped with the royal cipher and castle mark to circulate as official Philippine currency. The result is a coin that passed through three monetary systems before reaching a Spanish colonial market.

The counterstamp application was notoriously inconsistent, and many examples show poorly centered or partially struck host coins beneath the applied marks. KM#52 specimens vary considerably in underlying type quality.

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