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Burgos, Spain, 1 real, Ferdinand-Isabel, with P countermark on reverse, extremely rare.

Currency:USD Category:Coins & Paper Money / World Coins - World Start Price:500.00 USD Estimated At:500.00 - 1,000.00 USD
Burgos, Spain, 1 real, Ferdinand-Isabel, with P countermark on reverse, extremely rare.
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This item SOLD at 2009 Oct 15 @ 21:46UTC-4 : AST/EDT
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Burgos, Spain, 1 real, Ferdinand-Isabel, with P countermark on reverse, extremely rare. 3.1 grams. Bold and deeply impressed countermark that was only recently discovered and tentatively attributed to Panama, in fact believed to be the first countermark of the Americas and from the period prior to the first Mexican coins in 1536 (but probably after the crowned-F issues made in Spain specifically for importation to the New World, since the city of Panama was not founded by the Spaniards until 1519). Note this is the first time this extremely rare issue has ever been offered at auction, specimens of which have been found alongside similar coins with countermark C (probably for Castilla de Oro, the name for the region) in only two places: In land finds in Panama, and on a ca.-1556 wreck off Cuba dubbed the "Ines de Soto wreck." Choice VF with full Gothic legends and inner details, lightly toned in crevices.