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Mexico, oval "YRNO"(?) countermark on a Potosi, Bolivia, bust 8 reales, Ferdinand VII, 1823PJ. Simil

Currency:USD Category:Coins & Paper Money / Coins: Haiti-West Indies Start Price:500.00 USD Estimated At:500.00 - 1,000.00 USD
Mexico, oval  YRNO (?) countermark on a Potosi, Bolivia, bust 8 reales, Ferdinand VII, 1823PJ. Simil
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This item SOLD at 2012 Apr 11 @ 17:26UTC-4 : AST/EDT
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Mexico, oval "YRNO"(?) countermark on a Potosi, Bolivia, bust 8 reales, Ferdinand VII, 1823PJ. Similar to Elizondo (MX-179). 26.8 grams. This coin is a mystery. The host is clearly genuine, VF with bold details all over, toned in legends, with minor laminations and rim-flaws, but the date possibly (and significantly) tooled, which is really the only way to explain why this coin has a countermark from the Mexican War of Independence (1810-1821). With only slight stylistic differences, the well-designed monogram in the well-executed countermark (bold, toned XF) is essentially the same as the one pictured in Elizondo, which he simply calls "Very Rare" without prices or attribution (and we have never seen any for sale to compare). Paleographic research makes us believe it is possibly a monogram for Ignacio López Rayón, the leader of the insurgent government after Hidalgo. If the host-coin date turns out to be accurate, then perhaps this countermark is simply a post-war memorial for López. Either way, this is clearly an important coin and worthy of further study by Mexican numismatists.