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Stack's Bowers & Ponterio
May 2023 World CCO Auction  16-19 May 2023
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Lot 71407

Starting price: 180 USD
Price realized: 1800 USD
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JAMAICA. Jamaica - Peru. 10 Pence (Real), ND (1758). George II. PCGS AU-50; Countermark: AU Details.
KM-3; Prid-7. Issued by local Act of 18 November 1758. Raised central floral "GR" bi-facial countermark within circular indent. Countermark applied to both sides of a 1755-LIMA JM Peru pillar 1 Real of Ferdinand VI. Far nicer than typically encountered, this silver minor offers sharp detail on host and countermark alike. The surfaces are deeply toned with electric blue highlights that shimmer on the fields' considerable luster. An unusually attractive example with boundless charm and character.

According to author Fred Pridmore, who compiled research on the coinage of a number of British colonial regions, the above stated act, which raised the value of dollars to 6 Shillings 8 Pence, was a futile one. The local populace passed all silver dollars, stamped or unstamped, at the prevailing rate. The act called for the amount of £100,000 to be stamped, but only £12,000 were re-validated before abandoning the project in 1759. When the home authorities received copies of the act, it was immediately repealed and for exceeding his powers for the approval of the act, the Governor of Jamaica was censured.



Estimate: $300 - $500

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