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Lot 30682

Image Information

Type Coin
Title Lot 30682
Date C.1798
Country Great Britain
Service Catalog # 125690
Denomination S$1
Description George III Era counterstamped Dollar ND (1799-1804), S-3766, ESC-140A (as R2), KM658, XF40 NGC. Numerous ancient abrasions on the host coin but pleasing golden gray toning and considerable eye-appeal for the grade level. Issued by the Bank of England, which stamped a large octagonal incuse block, containing a diminutive portrait of King George III, on an 8 Reales of Carlos IV, made at Lima, Peru, in 1796. Rare type. Even though these emergency "crowns" coined during the Napoleonic Wars were made in large quantities, utilizing stockpiles of 8 Reales (and a few other types of older coins) held by the Bank of England, the fluctuations of silver specie's value came to an end with the war's end. Most of the countless thousands of counterstamped coins were melted starting in 1804. Some were used as planchets for the new 1804 Bank Dollars, and many more went into melting pots to furnish silver for the New Coinage beginning in 1816. An historic coin. Realized $1,292.50. Description courtesy of Heritage Auctions.

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