Stack's Bowers & Ponterio
January 2022 NYINC Auction 14-16 Jan 2022
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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 However, some of the dollars continued to circulate until 1858 before they were finally withdrawn.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