Description: George III, Bank of England issues, dollar (4 shillings 9 pence), countermark on 8 reales of Mexico City, 1793. Undated but struck circa 1797. In the absence of any regular issue of silver coinage since the reign of George II, the quality of coin circulating the late 18th century was very poor, being largely made up of counterfeit halfpennies and unofficial copper tokens. The silver coins which remained in circulation were very old and typically worn flat. The Bank of England tried to remedy this situation by issuing Spanish silver coins with a countermark of the King's head applied, in 1797. The countermark was easily forged and the issue was therefore a failure. The coinage is best known today for its contemporary sobriquet: the head of a fool on the neck of an ass. Host coin VF, countermark EF, nice toning, residual lustre. Spink 3765A
Price: 850 GBP
Location: London
End Time: 2025-01-12T14:14:48.000Z
Shipping Cost: 0 GBP
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Returns Accepted: Returns Accepted
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Denomination: Bank of England Issues
Year of Issue: 1793
Era: Early Milled (c.1662-1816)
Fineness: 0.917
Grade: Ungraded
Country/Region of Manufacture: United Kingdom
Certification: Uncertified
Country of Origin: Great Britain
Colour: Ungraded