#JAMAICA: (British Colony) - Undated 1758 6 Shillings 8 Pence = 8 Reales = Dollar) | Undertype: Scarce Early Issue 1754 Mo Pillar |
#NGC VF-30 | Weaker Strike, Glossy Light Tone. Sharp and Well Placed C/S "GR"
Hello! This is my recent purchase to start the month of July off! Bought near an amazing 4th of July as well!
This piece is quite rare and scarce, with a low mintage and a unique history. This piece was used for circulation in the British Jamaica which was known to, during this time, utilize foreign coins and officially counter stamping them. We see the floriate and ornate (and LARGE) "GR" C/S within a circular incuse. This piece was issued by a local act on November 18th, 1758, where the Governor issued an edict on the currency standard, where 8 Reales of the Spanish Milled Dollar would be equal to 6 Shillings and 8 Pence. This was an overvaluation in the nominal value, therefore allowing it to stay within Jamaica and not circulated outside. However, the issue was that the initial 60,000 to be minted, yet scholars ascertain that was never the true nominal amount, and far fewer were made and circulated.
This piece is quite unique as the C/S is sharp and nicely applied, especially on the reverse (2nd pic) where we see the crispness of the stamp. The base coin is also rather scarce, as this is an early type Ferdinand issue from 1754. As I looked at the Stacks and Heritage sites, many are from 1755 onwards, with most from 1758. There was only one other 1754 and one Philip V 1744. There are also rare undertypes from Lima. Nonetheless, as a whole, these command a high market price and a hallmark of the popular, West Indies countermarked dollar. They are challenging to locate, problem free and in any grade, let alone a crisp and circularly incused counterstamp.
This piece is circulated and weakly struck on the obverse, perhaps with rusted dies. The obverse C/S is still decent, but the focal point is on the reverse, where the individual components of the C/S are clearly delineated. There is a moderate tone to this coin that leans grayish, “old toning."
References: Krause KM 8.3 (Note the Ferdinand VI
#8Reales #Columnario Undertype), Pridmore 4.
Provenance: ex. American Inventory
#JAMAICA: (British Colony) - Undated 1758 6 Shillings 8 Pence = 8 Reales = Dollar) | Undertype: Scarce Early Issue 1754 Mo Pillar | #NGC VF-30 | Weaker Strike, Glossy Light Tone. Sharp and Well Placed C/S "GR"
Hello! This is my recent purchase to start the month of July off! Bought near an amazing 4th of July as well!
This piece is quite rare and scarce, with a low mintage and a unique history. This piece was used for circulation in the British Jamaica which was known to, during this time, utilize foreign coins and officially counter stamping them. We see the floriate and ornate (and LARGE) "GR" C/S within a circular incuse. This piece was issued by a local act on November 18th, 1758, where the Governor issued an edict on the currency standard, where 8 Reales of the Spanish Milled Dollar would be equal to 6 Shillings and 8 Pence. This was an overvaluation in the nominal value, therefore allowing it to stay within Jamaica and not circulated outside. However, the issue was that the initial 60,000 to be minted, yet scholars ascertain that was never the true nominal amount, and far fewer were made and circulated.
This piece is quite unique as the C/S is sharp and nicely applied, especially on the reverse (2nd pic) where we see the crispness of the stamp. The base coin is also rather scarce, as this is an early type Ferdinand issue from 1754. As I looked at the Stacks and Heritage sites, many are from 1755 onwards, with most from 1758. There was only one other 1754 and one Philip V 1744. There are also rare undertypes from Lima. Nonetheless, as a whole, these command a high market price and a hallmark of the popular, West Indies countermarked dollar. They are challenging to locate, problem free and in any grade, let alone a crisp and circularly incused counterstamp.
This piece is circulated and weakly struck on the obverse, perhaps with rusted dies. The obverse C/S is still decent, but the focal point is on the reverse, where the individual components of the C/S are clearly delineated. There is a moderate tone to this coin that leans grayish, “old toning."
References: Krause KM 8.3 (Note the Ferdinand VI #8Reales #Columnario Undertype), Pridmore 4.
Provenance: ex. American Inventory