American Revolutionary Coins Countermarked in Philippines
A collaboration of Marty Martinez
The circulation of the Philippines at the time of Spanish domination consisted of coin minted in other regions, mainly Potosi, Peru and Mexico, with the same denominations as in the rest of the colonies.
From the independence of the American colonies, there was a retraction in the circulating in this zone. For this reason should have appealed to a very curious policy: the reselling of currencies. Potosí, Peru and Mexico were alternated several times by Independents and Spaniards between 1810 and 1828.
As a result, the independentist minted their own currencies (Potosi: Bolivia and Argentina), Lima (Peru) and Mexico. Apparently when the Spaniards occupied these places again, they also appropriated the new mints, some of which were sent to the Philippines by the Pacific route. Thus, circulated from 1828 Peruvian independence coins, Mexican and Bolivian in Philippine, with the Spanish denominations.