1 real. Spanish Monarchy. Philip II (1556-1598). ND (1582-1583). Panama. (Proctor-1R.5B). Shield with oB on the left, and mintmark AP above the denomination I on the right. Exceptionally well struck for a series known for its particularly crude workmanship; both the shield and the cross are complete. Area of weak strike. Light toning. A coin that will undoubtedly appeal to collectors of this period, representing an exceptional opportunity to acquire a type rarely offered on the market. Extremely rare. In 1579, Philip II authorized the minting of silver coinage in Panama City, establishing regulations governing its fineness and design, including the use of the PA mintmark, with the A superimposed on the P. Although documentation relating to this mint came to light in 1952, its existence remained largely unknown to the numismatic community for decades. Recent research by J. Proctor has confirmed that the mint operated between 1580 and 1583, and that the cob coins bearing a crowned shield and the A-over-P mintmark were indeed struck there. These issues are exceptionally rare, with very few specimens known across all varieties. The identities of the assayers have not been conclusively established, although it has been suggested that Bernardino Rodríguez may have served in this capacity between 1582 and 1583. Choice VF. Panama. Cal. 236. Ag. 3,29.

Lot description

Philip II (1556-1598). 1 real. ND (1582-1583). Panama. (Proctor-1R.5B). (Cal-236). Ag. 3,29 g. Shield with oB on the left, and mintmark AP above the denomination I on the right. Exceptionally well struck for a series known for its particularly crude workmanship; both the shield and the cross are complete. Area of weak strike. Light toning.

A coin that will undoubtedly appeal to collectors of this period, representing an exceptional opportunity to acquire a type rarely offered on the market. Extremely rare.

In 1579, Philip II authorized the minting of silver coinage in Panama City, establishing regulations governing its fineness and design, including the use of the PA mintmark, with the A superimposed on the P.

Although documentation relating to this mint came to light in 1952, its existence remained largely unknown to the numismatic community for decades.

Recent research by J. Proctor has confirmed that the mint operated between 1580 and 1583, and that the cob coins bearing a crowned shield and the A-over-P mintmark were indeed struck there. These issues are exceptionally rare, with very few specimens known across all varieties.

The identities of the assayers have not been conclusively established, although it has been suggested that Bernardino Rodríguez may have served in this capacity between 1582 and 1583. Choice VF. Est...3000,00.

Starting bid

1.500 €

No bids

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Lot 189 | Spanish Monarchy

Historical Background

Lot description