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Seville, Spain (special issue for the New World), 1 real, Ferdinand-Isabel, with P countermark (for

Currency:USD Category:Coins & Paper Money / World Coins - World Start Price:100.00 USD Estimated At:500.00 - 1,000.00 USD
Seville, Spain (special issue for the New World), 1 real, Ferdinand-Isabel, with P countermark (for
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This item SOLD at 2010 Apr 09 @ 10:38UTC-4 : AST/EDT
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Seville, Spain (special issue for the New World), 1 real, Ferdinand-Isabel, with P countermark (for Panama[?]), extremely rare. CT-unlisted. 3.0 grams. In 1505 a special series of coins for exclusive use in the New World was struck in Spain under Ferdinand-Isabel and subsequently exported to Santo Domingo, Mexico, Panama and even Puerto Rico. These coins, which are generally very rare today, show a large, crowned F in the center of the reverse. This specimen also shows a bold P countermark to the immediate right of the crowned F, which we believe indicates its use in the Panama region, where most of the known coins with this countermark have been found (note this coin and the previous lot are the first of this combination ever to be offered at auction). The host coin shows a full shield flanked by ermines on obverse and full yoke and arrows in addition to the F and mintmark S below it on the reverse, with much legend as well, Fine details but lightly corroded and fragile from a hairline fracture below the countermark, which is darkly toned compared to the rest of the coin.