1834-37 Philippine 8 Reales Crowned Y.II. C/S On Peru 8 Reales

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The Philippines, under Spanish rule, faced chronic shortages of official coinage and resorted to the pragmatic solution of counterstamping foreign silver coins to validate them for use in the colony. The Crowned Y.II. countermark, introduced between 1834 and 1837, allowed various Latin American 8 Reales — especially from Peru and Mexico — to enter circulation as official tender. These overstrikes were essential to trade and daily life in the islands and offer modern collectors a direct connection to 19th-century Pacific colonial commerce.

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CVC & Collectables presents the 1834–37 Philippines 8 Reales with the crowned “Y.II.” counterstamp, applied to a host Peru 8 Reales coin to validate it for circulation in the Spanish-controlled Philippines. This historically rich issue reflects the Spanish Empire’s reliance on foreign coinage — particularly silver 8 Reales — in the distant Pacific colonies. The crowned Y.II. (for Yslas Filipinas) served as an official acceptance mark by the Spanish colonial government under King Ferdinand VII.

Coin Highlights:

  • Region: Spanish Philippines
  • Counterstamp Period: 1834–1837
  • Authority: Under Ferdinand VII of Spain
  • Counterstamp: Crowned Y.II. (Yslas Filipinas II)
  • Host Coin: Peru 8 Reales (Ferdinand VII era, .903 silver)
  • Composition: Silver (.903 fine on host)
  • Weight: Approx. 27 grams
  • Strike Type: Countermarked coin
  • Catalog Reference: Basso-54, KM# X2, host varies

Obverse (of Host): Original Peruvian bust or pillar design, with visible date and mintmark (Lima “LM” or other). Counterstamp applied to obverse, center.

Reverse (of Host): Standard coat of arms or pillars design from the original Peru 8 Reales coin remains visible, sometimes partially obscured depending on strike.

Collectibility:

Philippine counterstamps on Latin American 8 Reales are increasingly sought after, especially when applied to host coins from Peru, which are scarcer than Mexican types. The Crowned Y.II. countermark is one of the most iconic types, and host coins with clear design elements and well-struck counterstamps are especially desirable. A must-have for collectors of:

  • Spanish colonial Philippines
  • Countermarked world coinage
  • Latin American trade coinage
  • Silver 8 Reales varieties
Denominations

8 Reales

Grade

NGC

Condition

Very Fine – 35

Metal Type Silver

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