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Stack's Bowers & Ponterio
January 2023 NYINC Auction  13-16 Jan 2023
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Lot 21395

Starting price: 900 USD
Price realized: 1800 USD
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GUADELOUPE. Guadeloupe - Mexico. 9 Livres (9 Shillings), ND (1811). George III. PCGS VF-25, Countermark: VF Details.
KM-25; Prid-2; EL-G1; Gad-30; VG-1041. Weight: 23.62 gms. Issued by proclamation of 9 May 1811. Countermark: Raised crowned "G" within shaped indent applied to obverse at 1 o'clock and reverse at 5 o'clock, the central plug removed from the reverse by four individual cuts with crenellated edges. Applied to a 1791-Mo FM Mexico bust 8 Reales of Charles IIII (IV (KM-109). This wholesome looking and moderately worn example displays mottled gray patina with richer coloration amongst the devices. The two countermarks are bold, though slightly uneven, on decently preserved host. Usually found in less than desirable conditions, this wholesome looking survivor exhibits even wear with much remaining detail.

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 However, some of the dollars continued to circulate until 1858 before they were finally withdrawn.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

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