{"id":257,"date":"2024-02-13T01:40:38","date_gmt":"2024-02-13T06:40:38","guid":{"rendered":"https:\/\/traveling-cook.com\/?p=257"},"modified":"2024-02-13T17:58:00","modified_gmt":"2024-02-13T22:58:00","slug":"coins-countermarked-philippines","status":"publish","type":"post","link":"https:\/\/traveling-cook.com\/coins-countermarked-philippines\/","title":{"rendered":"Collectible Coins: American Revolutionary Coins Countermarked in Philippines"},"content":{"rendered":"\n\n\t
A collaboration of Marty Martinez<\/p>\nThe circulation of the Philippines<\/a> at the time of Spanish domination<\/strong> consisted of coin minted in other regions, mainly Potosi, Peru and Mexico,<\/a> with the same denominations as in the rest of the colonies<\/a>.\nFrom the independence of the American colonies<\/strong>, 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. Potos\u00ed, Peru and Mexico were alternated several times by Independents<\/a> and Spaniards between 1810 and 1828.<\/strong>\n Coins Resealed. by Fernando VII for its circulation in Manila (8 reales). resealed of 1828 on 8 reales of the Peruvian Republic,<\/strong> Lima, 1828, assayer JM<\/strong><\/a><\/p>\n1866 <\/strong><\/h2>\n
2 Pesos Isabel the Second by the Grace of God<\/strong><\/h3>\n\nAs a result, the independentist<\/a> minted their own currencies (Potosi<\/a>: Bolivia<\/a> and Argentina<\/a>)<\/strong>, 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. \u00a0Thus, circulated from 1828 Peruvian independence coins,<\/strong> Mexican and Bolivian in Philippine, with the Spanish denominations.\n<\/a>\n \nCirculated coins, \u00a0were also circulated after 1828, which for different reasons, arrived on the island<\/a>. It should be noted that the Spanish<\/a> monetary system at that time was adopted by all American<\/a> countries (including the United States<\/a> and Canada)<\/strong>. Also some countries of Africa, and it meant what today is the dollar-USA monetary system. Denominations of the currencies of the new countries were also made in Reals.\n
P<\/strong>eruvian Republic – Lima<\/strong><\/h2>\n