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Davissons Ltd.
Auction 36  22 February 2017
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Lot 424

Estimate: 200 USD
Price realized: 240 USD
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Middlesex 469 (Scarce). Richardson's. Æ halfpenny. 11.08 gm. 31 mm. Fortune standing between two lottery wheels; NOTHING VENTURE NOTHING HAVE around; 1795 below / AT THE OFFICES OF | RICHARDSON GOODLUCK & Co | No | 12807 | THE LAST PRIZE OF | £30000 | SHARED | WAS SOLD IN SIXTEENTHS (smaller lettering, larger date). Uncirculated; attractive light reddish brown tone; no obverse die break suggesting this was the earlier use of the die.

The reverse legend celebrates a prize of £30,000 (£2,420,000 in today's terms) divided into 16ths (£151,250 each at a time when £100 per year would be a generous living). Lotteries were a common aspect of life in late 18th century England. "It is evident that, at this time, lottery tickets were considered an essential part of a well-stocked family larder, and consequently to be had at most stores." (Bulletin of the Newport Historical Society. Newport, R.I. 1912) Samuel (Bazaar, Exchange and Mart, Sept. 1882) notes that lotteries in England began in the reign of Elizabeth I. They became a source of income for the government who contracted with firms like this one. Richardsons found "in the provinces an elderly female by the name of Goodluck whom they nominally took into partnership for ...the effect her name would have upon the public mind." Samuel goes on to explain that the ploy worked very well for the firm. A related piece, Middlesex 471 shows a "Bluecoat Boy," a scholar from Christ's Hospital, in front of a lottery wheel preparing to draw a winner; a cornucopia spilling money is below the exergue line along with the 1795 date. This is the other main design. Middlesex 467 through 471 lists Richardson pieces but there are two major varieties--the female and the Bluecoat Boy.

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