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    Description

    Exceptionally Rare Chilean Pillar 8 Reales with African Countermark

    Charles III "Mozambique Countermarked" Pillar 8 Reales 1764 So-J VF20 PCGS, Santiago mint, KM18, KM-Unl (for countermark on host), Cal-100, Gilboy-SC-8-11 (R4), Jara-Luedeking pg. 295 (this coin). Although stamped for circulation in the Portuguese colony of Mozambique in accordance with the August 20, 1765 decree, more notable as an example of the Chilean Pillar type, a mint from which these issues are very rarely encountered. While mines in the Spanish colonial locations of Mexico, Bolivia and Peru yielded abundant amounts of silver, Chilean mines primary output was gold. As a result, mintages for silver coinage in Chile throughout this period were comparatively minuscule, with most of the coins undoubtedly circulating locally due to the country's geography. During 1764, only 23,346 examples were struck, 5 of which are known to exist today according to Carlos Jara's census. Of those, this example is the only piece with an accompanying countermark, and to our knowledge, no other dates are known to exist; after all, the feat of making from Chile around Cape Horn, past the Cape of Good Hope and to the other side of Africa in such a short period after minting seems near-miraculous. Once it arrived, it obviously spent a moderate period in circulation, with noticeable highpoint wear and surfaces that are now toned an even gray. By unaided inspection, no surface abrasions of visual consequence, although a small set of intentional marks are observed inside the "MR" monogram. Altogether, a wonderful example of this classic rarity, and no matter the reason, be it for the very rare host or the host/countermark combination that is likely entirely unique, we expect frenzied competition to own this historic treasure.
    Ex. Jess Peters (4/1976 - Lot 409); Don Canaparo Collection; Henry Christensen 93 (7/1986 - Lot 2); Ponterio 36 (4/1989 - Lot 362); Ponterio 46 (3/1991 - Lot 68)


    Auction Info

    Auction Dates
    August, 2017
    3rd Thursday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 837

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