Heritage World Coin Auctions
NYINC Signature Sale 3030 5-6 January 2014
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Scotland
CBCo. 5 Shillings (1811), KM-CCA39.2, M-50, an extremely rare and mysterious issue, host coin XF40, c/s XF Details PCGS, bold c/s within a sunken rectangle crisply stamped in the field on a Portrait 1793-Mo FM 8 Reales of Carlos IV, the host coin beautifully centered on each side with choice surfaces and rich golden gray toning. KM states that only 2 pieces are known, of which the KM plate coin is locked in the British Museum collection, a 1794-Mo FM 8 Reales, so the presently offered specimen is made on an earlier host coin. This piece looks every bit the equal of the KM plate coin. A third example is believed to be in a private German collection. The identity of the issuer of this intriguing piece remains unknown, but it has long been thought to have been a merchant bank or manufactory of Scotland. The new owner may simply enjoy possessing one of the greatest rarities in the counter-marked emergency coinage series of the Industrial Revolution, when various works and banks put their stamps of value or of approval of intrinsic value upon mostly Spanish silver coins during a period of great silver shortage, or the next owner may begin a search of archives to discover exactly what the enterprise of "CBCo." was -- which would be an important numismatic discovery. When the great silver shortage ended, almost all of the counter-marked coins were exchanged for official coin, and melted. Provenance: ex R.F. Peltzer collection, Glendining, June 1927, part of Lot 235; thence to H.D. Gibbs collection, Hans Schulman auction sale (NYC) of November 1960, Lot 380.
Estimate: 6000-7500 USD
CBCo. 5 Shillings (1811), KM-CCA39.2, M-50, an extremely rare and mysterious issue, host coin XF40, c/s XF Details PCGS, bold c/s within a sunken rectangle crisply stamped in the field on a Portrait 1793-Mo FM 8 Reales of Carlos IV, the host coin beautifully centered on each side with choice surfaces and rich golden gray toning. KM states that only 2 pieces are known, of which the KM plate coin is locked in the British Museum collection, a 1794-Mo FM 8 Reales, so the presently offered specimen is made on an earlier host coin. This piece looks every bit the equal of the KM plate coin. A third example is believed to be in a private German collection. The identity of the issuer of this intriguing piece remains unknown, but it has long been thought to have been a merchant bank or manufactory of Scotland. The new owner may simply enjoy possessing one of the greatest rarities in the counter-marked emergency coinage series of the Industrial Revolution, when various works and banks put their stamps of value or of approval of intrinsic value upon mostly Spanish silver coins during a period of great silver shortage, or the next owner may begin a search of archives to discover exactly what the enterprise of "CBCo." was -- which would be an important numismatic discovery. When the great silver shortage ended, almost all of the counter-marked coins were exchanged for official coin, and melted. Provenance: ex R.F. Peltzer collection, Glendining, June 1927, part of Lot 235; thence to H.D. Gibbs collection, Hans Schulman auction sale (NYC) of November 1960, Lot 380.
Estimate: 6000-7500 USD