Stack's Bowers & Ponterio
January 2020 NYINC Auction 17-18 Jan 2020
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JAMAICA. Jamaica - Mexico. 6 Shillings 8 Pence, ND (1758). George II. NGC EF-45; Countermark: EF Standard.
KM-8.3; Prid-4. Issued by local Act of 18 November 1758. Raised central floral "GR" bi-facial countermark within circular indent. Countermark applied to both sides of a 1756-MoMM Mexico Pillar 8 Reales of Ferdinand VI. Countermarks well applied and clear with nice honest wear. Rather handsomely toned, with some shimmering brilliance beneath.
KM-8.3; Prid-4. Issued by local Act of 18 November 1758. Raised central floral "GR" bi-facial countermark within circular indent. Countermark applied to both sides of a 1756-MoMM Mexico Pillar 8 Reales of Ferdinand VI. Countermarks well applied and clear with nice honest wear. Rather handsomely toned, with some shimmering brilliance beneath.
According to brilliant author and collector Major Fred Pridmore the above stated act which raised the value of dollars to 6 Shillings 8 Pence was a futile one. The local populace passed all silver dollars, stamped or unstamped, at the prevailing rate. The act called for the amount of £100,000 to be stamped, but only £12,000 were re-validated before abandoning the project in 1759. When the home authorities received copies of the act, it was immediately repealed and for exceeding his powers for the approval of the act, the Governor of Jamaica was censured.
Estimate: $2000.00- $2500.00