Stack's Bowers & Ponterio
January 2020 NYINC Auction 17-18 Jan 2020
View prices realized
► Sale information
Find similar lots
SCOTLAND. Scotland - Mexico. Ayrshire. Beith. Grill Pattern Cancelled 5 Shillings 3 Pence, ND (ca. 1807-34). PCGS VF-30 Gold Shield; Countermark: EF Details.
KM-CC10; cf.Manville-10; cf.Brunk-51550. Issued by J. Faulds & Company. Countermark: 5/3 within tooted boarder surrouned by: "J. Faulds. & Co. -Beith-" Applied to the obverse of a 1804-MoTH Mexico bust 8 Reales of Charles IIII(IV). EXTREMELY RARE issuer and one of only three known. Countermark deeply applied with bold issuers name "J. FAULDS. & Co" and subsequent grill cancellation. Moderate even wear with minor abrasions consistent for the grade. Attractive rich old cabinet patina with hints of azure on the reverse. A very interesting and highly desirable issue certain to see spirited bidding from the advanced collector.
KM-CC10; cf.Manville-10; cf.Brunk-51550. Issued by J. Faulds & Company. Countermark: 5/3 within tooted boarder surrouned by: "J. Faulds. & Co. -Beith-" Applied to the obverse of a 1804-MoTH Mexico bust 8 Reales of Charles IIII(IV). EXTREMELY RARE issuer and one of only three known. Countermark deeply applied with bold issuers name "J. FAULDS. & Co" and subsequent grill cancellation. Moderate even wear with minor abrasions consistent for the grade. Attractive rich old cabinet patina with hints of azure on the reverse. A very interesting and highly desirable issue certain to see spirited bidding from the advanced collector.
According to brilliant American collector and author Harry Manville who wrote the standard reference "Tokens of the Industrial Revolution Foreign Silver Coins Countermarked for use in Great Britain, c. 1787-1828", there were four generations of James Faulds in Beith around the time of the industrial revolution and of the four only two are possible candidates for issuing tokens. One was a grocer or other merchant active between 1807-19 and the other a manufacturer who was active between 1816-34. Manville speculates a joint father/son issue, but states this is less likely than a sole issuer. When comparing the three known examples there are two distinct countermarks. The one plated in Manvilles book from his own collection, now in the British Museum collection, and the two in private hands including the present example (cancelled) and the other holed, the stamps differ significantly. The British Museum example has a solid boarder around the denomination while the other two have a toothed boarder and the shape of the numbers differs. The fact that there are indeed two different stamps places more credibility into the possibility of a joint issue or at the very minimum a successive issue.
From the Kyle Ponterio Collection.
Estimate: $700.00- $1000.00