punched hole

Looks like a black eye!
King Amadeo 25 centimos de peseta stamp of 1872

1876 King Alfonso XII 20 centimos de peso

1879 King Alfonso XII 250 milesimas de peso

1876 King Alfonso XII 25 centimos de peso

1879 King Alfonso XII 200 milesimas de peso, telegraph cancel

1879 King Alfonso XII 200 milesimas de peso, remainder

1880 King Alfonso XII 2 1/2 centimos de peso

Punched but didn't go all the way through in making a hole
1882 King Alfonso XII 20 centimos de peso

1882 King Alfonso XII 20 centimos de peso

Surcharge type of 1883 on King Alfonso XII stamp of 1880
1 real on 2 centimos de peso

1883 2 reales surcharge on 1882 King Alfonso XII 2 4/8 centimos de peso

1880 King Alfonso XII 10 pesos telegraph stamp

There are two purposes for the punched holes on Spanish-Philippines stamps: first was to cancel remainders (for destruction by the post office), and second was to cancel for telegraph use on receipts (either postage stamps or telegraph stamps were used). The punched holes used telegraphically are usually a smaller hole.