Watch List notes:

SCOTLAND. Scotland - Mexico. Renfrewshire. Paisley. Grill Pattern Cancelled 5 Shillings 3 Pence, ND (ca. 1814-15). PCGS Genuine--Graffiti, Fine Details; Countermark: F Details.
KM-CC83; Manville-77. Issued by W. Langmuir, Paisley Dollar Society. Bifacial countermark, Obverse: Arms of Paisley, legend around "PAYABLE BY W. LANGMUIR."; Reverse: 5/3 within wreath, legend around "PAISLEY DOLLAR SOCIETY". Applied to an 1804-Mo TH Mexico bust 8 Reales of Charles IIII(IV). A VERY RARE issuer with only 15 pieces known to Manville, this example being a new discovery piece. The bi-facial countermark is boldly applied to a well worn host coin with subsequent grill cancellation. Attractive pervasive rich gray patina with a slight iridescent sheen offers much originality to this seldom encountered issue. Close inspection of the reverse reveals light shallow scratches accounting for the details designation from long ago, now toned over matching the rest of the coin. Despite its shortcomings, this handsome survivor offers a pleasing appearance with good eye appeal.

First noted as a miller in 1810, William Langmuir was active up to at least 1838 as both a grain dealer and miller moving several locations throughout that period. According to Manville the Paisley Dollar Society was not listed in any of the directories or official records that he consulted indicating that this short-lived organization was not around long enough to be recorded.

Estimate: $1000 - $1500