Sovereign Rarities Ltd
Auction 4 21 Sep 2021
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George I (1714-27), silver Crown, 1723, South Sea Company Issue, laureate and draped bust right, Latin legend and toothed border surrounding, GEORGIVS. D. G. M. BR. FR. ET. HIB. REX. F. D., rev. crowned cruciform shields, seven eight either side of top crown, Latin legend and toothed border surrounding, .BRVN ET. L. DVX S.R.I.A:TH ET. EL., edge inscribed in raised letters and dated, note use of letter U in edge wording, .DECUS. ET. TUTAMEN. ANNO.+ REGNI. DECIMO., 29.98g (Bull 1545; ESC 114; S.3640). Exquisitely toned, some light surface marks and striations otherwise a superb extremely fine, rare this nicely preserved.
The Latin legends translates as on the obverse "George, by the grace of God, King of Great Britain, France and Ireland, Defender of the Faith" and on the reverse "Duke of Brunswick and Luneberg, High Treasurer and Elector of the Holy Roman Empire."
The South Sea Company is famously known for the economically disastrous "South Sea Bubble" of over-speculation by the public in its shares which occurred 300 years ago in 1720. The company subsequently managed to recover successfully with careful debt management from this low point and later supplied much silver bullion from South America to the Mint in exchange for the right to export money overseas. The silver supplied up to 1723 produced a large coinage of Crowns, Halfcrowns, Shillings and Sixpences all dated 1723.
Provenance:
Ex Spink Numismatic Circular, June 2002, item MS2749.
(£5,000-£6,000)
The Latin legends translates as on the obverse "George, by the grace of God, King of Great Britain, France and Ireland, Defender of the Faith" and on the reverse "Duke of Brunswick and Luneberg, High Treasurer and Elector of the Holy Roman Empire."
The South Sea Company is famously known for the economically disastrous "South Sea Bubble" of over-speculation by the public in its shares which occurred 300 years ago in 1720. The company subsequently managed to recover successfully with careful debt management from this low point and later supplied much silver bullion from South America to the Mint in exchange for the right to export money overseas. The silver supplied up to 1723 produced a large coinage of Crowns, Halfcrowns, Shillings and Sixpences all dated 1723.
Provenance:
Ex Spink Numismatic Circular, June 2002, item MS2749.
(£5,000-£6,000)