{"status":true,"msg":{"data":{"id":38919,"auction_id":55,"set_id":83,"lot_number":"56","artist":"4-Peso Gold Coin","title":"Reign of Queen Isabel II","starting_price":1800000,"signed_dated":null,"medium":"Gold","size":"7 grams","property":null,"coa":null,"provenance":"Private Collection, Madrid","exhibited":null,"literature":null,"write_up":"Isabel II was born on October 10, 1830. At the age of three, she was crowned Queen of Spain, after a complicated normative change to allow it — tension that led to a confrontation and the emergence of the Carlistas who defended the Salic law, the tradition, and the continuity of the male line in the succession of the monarch. After the regency of Maria Cristina, it advanced its majority of age to one in December of 1843. The monetary system during her reign underwent several modifications, as far as the law, the size, the type, and the denomination of the currency were concerned. One of these notable changes was the change in the use of the acronym of the assayers that appeared in the coins from the Pragmatics of the Catholic Monarchs of 1497. This change meant that, instead of being the assayer as the guarantor of the law of the currency, now it was the kingdom that was responsible for it. Another notable change was relative to the mint — the mark of the place of minting. It was identified through a scheme of stars, varying in the number of the points from those identified the previous mint. In the case of Manila, its mark was the five-pointed stars. The Spaniards arrived in the archipelago in 1564, and in honor of Felipe II, dominated the islands of the Philippines. In 1571, Legazpi took Manila. There was word of a possible Manila mint in the late sixteenth century, but without a regular issuing body or, apparently, according to the rules, it seemed rather a local solution. With Felipe V, the Philippines constituted a General Captainship dependent on the Viceroyalty of New Spain. The power and influence of Mexico’s mint surged in the Philippines, in addition to other solutions adopted for the Asian zone, solutions that emerged from necessity or emergency, such as coin resins. The activity of the Manila mint was very irregular. However, Isabel II authorized the gold and silver tilling in 1861, officially inaugurating the Manila Mint on March 17, 1861, which operated in better order until 1898. With Isabel, from 1861 to 1868, gold coins of 4, 2 and 1 peso denominations were minted in Manila, which were exclusive to the Philippines. There are dates in which coins were scarce, and in others more abundant, but this one of 1867 for the 4 peso coin was a determinant, key piece. In September 1868, the revolution dethroned Isabella and the monetary system was modified by establishing the peseta [the basic monetary unit of Spain] as a model, which lasted until the arrival of the current European currency, the Euro in 2002. That is, the 4 peso coins of 1867 and 1868 are the last coins of major modality gold-minted in the Philippines under the monetary system prior to the peseta. More gold and silver coins were minted, even years later, during the reign of Alfonso XII and XIII, following the Elizabethan model, but were parallel to the new peseta that ruled the peninsula. These coinage were carried out in Madrid for the Philippines. From this year of 1867, few specimens were minted. To this day, we only know three coins of 4 pesos of 1867 in more than 50 years of international numismatic commerce. Undoubtedly, it is one of the key pieces of Philippine numismatic collection, of extraordinary rarity and difficulty. We have a theory of why there are so few copies of the year 1867. It must be linked to the shortage of gold in Manila that could have been the result of several factors that coincided with time: a sinking of the boat that traveled between China and Philippines, which had sailed from the Hong Kong port on September 20. It sank two days later due to a massive typhoon that caused extensive damage and flooding. To this tragedy, we would have to add another —an earthquake—that affected the whole Philippines. These two events happened between 20 to 26 September. All these terrible circumstances seriously affected the supply of gold and its coinage, resulting in scarcity, which means that only a few copies of this piece of Philippine gold survived: the 4 pesos of 1867. This theory supports the overabundance of coinage of 1868 in response to this scarcity, which was an emergency, regardless of the assumptions about the probable posthumous official coinage, and even later in time, of Isabel’s 4 pesos of 1868. -Juan Cayón","lot_group":"OBJET D' ARTS","lot_details_html":"<p><strong>4-Peso Gold Coin</strong><br /><em>Reign of Queen Isabel II</em> <br />dated 1867<br />Minted in Manila<br />Gold<br />7 grams</p>","alias":null,"hp":0,"bp":0.168,"isWithdrawn":0,"accounting_hp":0,"userBid":null,"isPaid":0,"userId":22,"lot_status":"UNSOLD","isDone":1,"bid_history_id":null,"reserve_price":null,"hammer_price":0,"fav":0},"image":[{"id":37334,"img_url":"https://leongallery.sgp1.digitaloceanspaces.com/v2/auction/55/83/lot/56.jpg","isFeatured":1},{"id":37340,"img_url":"https://leongallery.sgp1.digitaloceanspaces.com/v2/auction/55/83/lot/56c.jpg","isFeatured":0},{"id":37338,"img_url":"https://leongallery.sgp1.digitaloceanspaces.com/v2/auction/55/83/lot/56b.jpg","isFeatured":0}]},"increment":[900000,1000000,1100000,1200000,1300000,1400000,1500000,1600000,1700000,1800000,1900000,2000000,2200000,2400000,2600000,2800000,3000000,3200000,3400000,3600000,3800000,4000000,4200000,4400000,4600000,4800000,5000000,5500000,6000000,6500000,7000000,7500000,8000000,8500000,9000000,9500000,10000000,11000000,12000000,13000000,14000000,15000000,16000000,17000000,18000000,19000000,20000000],"prev":55,"next":57,"count_bid":0,"bid_history":[],"tokenExpired":1}