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Stack's Bowers & Ponterio
August 2020 Auction - Online Sessions  10-11 Aug 2020
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Lot 23142

Starting price: 240 USD
Price realized: 420 USD
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JAMAICA. British Colony. 10 Pence, ND (1758). George II. PCGS VF-25 Gold Shield.
KM-3; Prid-7. British Colony counterstamp on a Lima 1 Real 1753-LM J. Issued by local Act of 18 November 1758. Host coin free of stray marks and toned gray, while the countermark itself is VF Detail and clearly emplaced.

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 When the home authorities received copies of the act, it was immediately repealed and for exceeding his powers for the approval of the act, the Governor of Jamaica was censured.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: $400.00- $500.00

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