MEXICO. Morelos. War of Independence. 8 Reales, ND (1812-13). PCGS EF-40; Countermark: EF Details.

cf. KM-265.4 (In copper). Morelos Type A countermark struck on Oaxaca "SUD" struck silver 8 Reales (KM-233.1A). An EXTREMELY RARE appearance of this countermark on a silver Oaxaca host coin. Both the host and counterstamp are highly original and display impressively sharp detail. Free of any damage or cleaning, only some adjustment marks, as made, are seen on the surfaces. A light gray tone blankets the coin and gives it wonderful eye-appeal. A special coin that is certain to excite discerning War of Independence collectors. The crude nature of Morelos' Oaxacan coinage allowed counterfeiters to easily pass off their forgeries as genuine. In response, Morelos used his monogram not only on royalist provisional types, but also to revalidate coins struck under his own authority which were found to be valid official issues. This accounts for the curious appearance of the Morelos monogram being struck over the existing Morelos monogram of the host coin, as on this example. The large majority of such coins, however, are copper. The present piece is far more scarce for having been struck in silver.

Estimate: $1000.00- $1500.00