Hosted on Rare Silver Morelos 8 Reales Variety
MEXICO. War of Independence. Morelos. 8 Reales, ND (1812-13). PCGS VF-35; Countermark: VF Details.
cf. KM-265.4 (In copper). Morelos Type A countermark struck on 1812 Oaxaca "SUD" struck silver 8 Reales (KM-233.5A). Any Morelos stamp hosted on a silver Morelos issue is tremendously scarce, but this example is catapulted to EXTREME RARITY due its use of the highly elusive variety with eight dots below the bow as a host. Adjustment marks and a weak strike eroded most of the host date, but as this was a one-year type, it is certainly from 1812. The coin is graciously free from post-mint damage, allowing it to retain its originality and ensuring its future placement in an advanced collection of the series. 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.
From the S.P. Rutherford Collection.
Estimate: $3000.00- $5000.00
Price realized | 5'000 USD |
Starting price | 1'800 USD |