Heritage World Coin Auctions
CCE Signature Sale 3064 20-21 Apr 2018
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Great Britain
William III Mint Error Shilling 1696 AU50 PCGS, KM485.1, S-3497. Double-Struck Error. An exceptionally pronounced error for milled coinage, and a piece of numismatic history. The 17th century saw English coinage transition from the earlier hammered method of production into milled coinage; however, by the 1690s both hammered and milled circulated alongside one another, leading to issues of counterfeiting and underweight coinage. As a result, the 'Great Recoinage' was introduced in 1696 to attempt to remove hammered silver from circulation to replace with milled. This meant huge amounts of silver re-entered the mint for coining in a very short space of time, leading to intense coin production; this in turn led to many error varieties emerging between 1696 and 1700, as the mint rushed to keep up with incoming silver. This shilling of 1696, the first year of the Recoinage, is double-struck 15% off center, indicative of that fast-paced attempt to produce new coins which in this case led to a drastic error. With light gray toning darkening into a shadowy pronunciation of the legends, this coin's visually striking appearance speaks of the frantic conditions in which it was produced. A very rare error, and very desirable.
From the Jamestown Collection
HID02901242017
Estimate: 800-1200 USD
William III Mint Error Shilling 1696 AU50 PCGS, KM485.1, S-3497. Double-Struck Error. An exceptionally pronounced error for milled coinage, and a piece of numismatic history. The 17th century saw English coinage transition from the earlier hammered method of production into milled coinage; however, by the 1690s both hammered and milled circulated alongside one another, leading to issues of counterfeiting and underweight coinage. As a result, the 'Great Recoinage' was introduced in 1696 to attempt to remove hammered silver from circulation to replace with milled. This meant huge amounts of silver re-entered the mint for coining in a very short space of time, leading to intense coin production; this in turn led to many error varieties emerging between 1696 and 1700, as the mint rushed to keep up with incoming silver. This shilling of 1696, the first year of the Recoinage, is double-struck 15% off center, indicative of that fast-paced attempt to produce new coins which in this case led to a drastic error. With light gray toning darkening into a shadowy pronunciation of the legends, this coin's visually striking appearance speaks of the frantic conditions in which it was produced. A very rare error, and very desirable.
From the Jamestown Collection
HID02901242017
Estimate: 800-1200 USD