Watch List notes:

TRINIDAD. Trinidad - Mexico. 9 Bitts (9 Shillings), ND (1811). NGC VERY FINE.
KM-A13 (plate coin); cf. Prid-3. Issued by local authority of 11 June 1811. Octagonal shaped cut from the obverse on 1794-Mo FM Mexico Bust 8 Reales of Charles IIII (IV). This charming survivor exhibits moderate wear with plenty of remaining details on this usually well-worn issue displaying rich old cabinet patina with an iridescent sheen that pops out when tilted in the light.

Additional "T" punches have been applied to the obverse and reverse, struck multiple times. There are no known official documents that pertain to these additional markings on dollars. These punches seem to be in imitation of the "T" punch found on the central plugs, but do not match in style of application.

When the authorization was given on June 11th the quantity of dollars to be cut was not to exceed 25,000. The central cutout segments were given a declared value of 1 Bitt (1 Shilling) and were stamped with the initial "T" for the name of the colony. These central cutout Bitts were ordered to be withdrawn from circulation December 1st, 1823. By order of proclamation issued by Sir Ralph Woodford September 14, 1814 the cut dollars were to continue to circulate by tale at 9 Shillings until ordered to pass by weight. The cut dollars and the previous cut minors of the proclamation of February 9th, 1804 were never officially withdrawn. Some of the cut dollar continued to circulate as late as 1860 at a rate of 3 Shillings 9 Pence (90 Cents).

Ex: Ray Byrne Collection (Jess Peters 6/1975) Lot # 1178.

Estimate: $1000 - $1500