1828 - 1836

An 1828 MANILA counterstamped on 8R Zacatecas (Mexico) 1825 AZ 
flanked by 8R Guatemala 1826M with the stamp of Isabel II (YII) 
and a scarce 960 Reis Brazil 1820R with a Ferdinand VII (F&) counterstamp
Spanish Colonial. The lack of proper coinage in the islands made it necessary for the Spanish authorities to tolerate the circulation of coins from other colonies bearing revolutionary signs and slogans as long as they were over-struck with royal inscriptions in a desperate effort to obliterate or cover up the seditious legends. 

From 1828 to 1830, the now famous MANILA counterstamps were used precisely for this purpose on coins of rebel colonies. Soon after the stamping machinery broke down, smaller circular punches of Ferdinand VII (F7) and late Isabel II (YII) were formally substituted. The decree for counter- stamping coins was intended to cover only 8-real silver coins although some gold and minor silver coins would soon be counterstamped by mistake.