Gemini, LLC
Auction 11 12 January 2014
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Gibraltar. French Colony Martinque. 10 Bits. 1754-. "Heart-Pierced" Dollar. ND 1770-72. 10 Bits. Obv: VTRAQUE VNUM. Rx: FERDND.VI.D.G.HISPAN.ET IND. REX Countermarked coinage Type IV. Blunt heart-shaped hole with ornamental edges cut out from a Mexico Pillar 8 Reales 1754 MO MM. KM 20. NGC VF30.
Research by Bob Lyall (SNC December 2007 and February 2008) identifies Gibraltar as the origin for these coins with heart-shaped holes that are now identified as the Type I piercing. Ongoing research continues to look at this series, but unpublished research would seem to indicate that the Type IV is also Gibraltar. The Dominica Act of September 1798 clearly states that dollars with heart-shaped holes were in circulation on that island. Local finds now suggest that these might be the Type II piercings.
Research by Bob Lyall (SNC December 2007 and February 2008) identifies Gibraltar as the origin for these coins with heart-shaped holes that are now identified as the Type I piercing. Ongoing research continues to look at this series, but unpublished research would seem to indicate that the Type IV is also Gibraltar. The Dominica Act of September 1798 clearly states that dollars with heart-shaped holes were in circulation on that island. Local finds now suggest that these might be the Type II piercings.