Ira and Larry Goldberg Auctioneers
Auction 96 14-15 February 2017
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Great Britain. Dollar, ND (1797-1799). S.3765A; KM-638. George III. Oval countermarked dollar. Struck on a 1794 Lima, Peru 8 Reales of Charles IV of Spain. Obverse, small oval portrait of George III struck over portrait of Spanish monarch. Reverse; Crowned shield of arms with LIMAE monogram in legend. An unusually well struck example of this 'emergency issue' coin. Practically mint state and very rare thus. NGC graded AU-58. WINGS. Estimate Value $1,000 - 1,200
* During the war with Napoleonic France, at the turn of the 18th/19th centuries there was a shortage of silver coinage in England. No Crown pieces had been issued for George III and he had occupied the throne since 1760. As an emergency measure Spanish 'Dollars' were put into circulation for a short period after being countermarked in order for them to become currency. It was not until 1816 that the regular coining of Crown pieces was resumed, when the Royal Mint was moved from its old base in the Tower of London to a new site on Tower Hill, London.
* During the war with Napoleonic France, at the turn of the 18th/19th centuries there was a shortage of silver coinage in England. No Crown pieces had been issued for George III and he had occupied the throne since 1760. As an emergency measure Spanish 'Dollars' were put into circulation for a short period after being countermarked in order for them to become currency. It was not until 1816 that the regular coining of Crown pieces was resumed, when the Royal Mint was moved from its old base in the Tower of London to a new site on Tower Hill, London.