Stack's Bowers & Ponterio
Collector's Choice October 2021 Auction 12-14 Oct 2021
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JAMAICA. 10 Pence, ND (1758). George II. PCGS VF-25.
KM-3; Prid-7. British Colony counterstamp on a Lima 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 When the home authorities received copies of the act, it was immediately repealed and for exceeding his powers for the approval of the act, the Governor of Jamaica was censured.
KM-3; Prid-7. British Colony counterstamp on a Lima 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 When the home authorities received copies of the act, it was immediately repealed and for exceeding his powers for the approval of the act, the Governor of Jamaica was censured.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 - $600