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Stack's Bowers & Ponterio
January 2022 NYINC Auction  14-16 Jan 2022
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Lot 2428

Starting price: 900 USD
Price realized: 2800 USD
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GUADELOUPE. Guadeloupe - Mexico. 9 Livres (9 Shillings), ND (1811). PCGS VF-35.
KM-25; Prid-2; EL-G1; Gad-30; VG-1041. Issued by proclamation of 9 May 1811. Raised crowned "G" countermarked within shaped indent applied to obverse at 1 o'clock and reverse at 5 o'clock, the central plug removed from the reverse by four individual cuts with crenellated edges. The individual crowned "G" punches are deeply applied, with slightly degraded punches, on a moderately worn host. The surfaces are relatively smooth and display light attractive gray tone with minor earthen deposits amongst the devices. The wholly original looking example is pleasing to the eye and nicer looking than normally encountered sure to be a welcome addition to the next collection it enters.

In accordance with other British islands, the removed central segment and dollar were to circulate as separate coins. When authorized the amount to be cut and stamped was 10,000 Spanish dollars with the removed segments being 1/9 of the total weight. The central crenated cutout segments were given a declared value of 20 Sous (1 Shilling) and were stamped with a radiant "G". When the colony returned to French rule in 1816, steps were taken to remove the cut monies of the previous administration. It wasn't until May of the following year that the cut segments were demonetized. However, some of the dollars continued to circulate until 1858 before they were finally withdrawn.

Estimate: $1500 - $2500

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