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<p>[QUOTE="GDJMSP, post: 6596, member: 112"]Counterstamps are an entirely different story. But you're right - they are becoming quite popular and some bring quite high prices on the market. But they don't appeal to me personally and I don't collect them.</p><p><br /></p><p>The reason I say they are different is because a counterstamped coin is when one govt. takes the coin of another govt. and makes places their own official mark on the coin so that it may circulate in their country instead of in the country that made the coin. Counterstamps are similar to overstrikes in that regard but countermarks were used with a bit of a different idea in mind.</p><p><br /></p><p>Take the Spanish 8 reales of the late 1700's and very early 1800's - the British counterstamped these coins and assigned their own values to them for use in the British Empire. But the value was about half that of a similar British coin. At the time - the Spanish coins were .90 silver - the British coins were .92. Not much of a difference really in silver content. Certainly not enough to warrant a 50% discount. So I rather think part of the purpose for the British doing this was for political reasons - to shove a sharp stick in the eye of the Spanish king if ya know what I mean <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 6596, member: 112"]Counterstamps are an entirely different story. But you're right - they are becoming quite popular and some bring quite high prices on the market. But they don't appeal to me personally and I don't collect them. The reason I say they are different is because a counterstamped coin is when one govt. takes the coin of another govt. and makes places their own official mark on the coin so that it may circulate in their country instead of in the country that made the coin. Counterstamps are similar to overstrikes in that regard but countermarks were used with a bit of a different idea in mind. Take the Spanish 8 reales of the late 1700's and very early 1800's - the British counterstamped these coins and assigned their own values to them for use in the British Empire. But the value was about half that of a similar British coin. At the time - the Spanish coins were .90 silver - the British coins were .92. Not much of a difference really in silver content. Certainly not enough to warrant a 50% discount. So I rather think part of the purpose for the British doing this was for political reasons - to shove a sharp stick in the eye of the Spanish king if ya know what I mean ;)[/QUOTE]
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