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8 Reales - Ferdinand VII Countermark on Mexico 8 Reales
| Issuer | Philippines |
|---|---|
| Year | 1832-1834 |
| Type | Log in to see details |
| Value | 8 Reals |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Mintage | ND (1832-1834) - Host coin 1822. |
| Additional information |
Spain authorized the Philippine countermark program in the early 1830s to distinguish coins intended for local circulation from those passing through Manila en route elsewhere. Mexican 8 reales — already the dominant trade coin across the Pacific — were pulled from circulation, punched with the crowned F·7° mark at the Manila Casa de Moneda, and reissued at a slight premium. The practice was partly fiscal: countermarked coins could not legally be exported, keeping silver within the colonial economy.
Forgeries of the countermark appeared almost immediately, a problem the colonial treasury never fully resolved before the program ended.