Lot 1175
Peru - Royalist Issue. 8 Reales, marked 1824, on 1822 -JP (Lima). WR-15; Eliz-P1; KM-130. 27.08 grams. Royalist Counterstamp. Crown over 1824, stamped over shield supported by eagle and alpaca, flags and palm behind. Reverse: Justice and Virtue stand flanking bannered column. The host coin retaining most of its shimmering luster. Lightly toned.
This example recognized by most experts as the Finest Known!. NGC graded AU-55.
Imagine a revolution going on and many locals are totally opposed to its success. They yearn for "the good old days" of Spanish rule (and their own wealth and privilege). So they countermarked these revolutionary republican coins with a royalist counterstamp. Interestingly enough, the counterstamp was applied to either the obverse or the reverse.
Estimated Value $2,500 - 3,000.
Ex Carlos Zapata Collection.
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| Realized $2,415 |
