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1795 Carolus IIII DeI Gratia 8 reale with counter stamp value
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<p>[QUOTE="Conder101, post: 1293181, member: 66"]I would agree with Doug's value estimate. I would think you should easily get $150 to $200 for that bank of England dollar.</p><p><br /></p><p>The quote Doug mentioned was part of a little verse popular at the time</p><p><br /></p><p>A dollar of Spain</p><p>for five shillings to pass</p><p>Stamp the head of a fool</p><p>On the neck of an Ass.</p><p><br /></p><p>They came about because England was critically short on coinage during the late 18th century and early 19th century, and the royal mint was in very sorry shape mechanically. But they did have a large quantity of Spanish 8 reales on hand that had been captured by British Privateers from Spanish shipping. The problem was how to recoin them. At first they used a silversmiths hallmark stamp of the King's bust and counterstamped the coins. These counterstamped coins would then be accepted at a rate of 4 shilling s nine pence (later raised to five shillings). This continued until 1804 when the government accepted an offer from Matthew Boulton to handle the recoinage. He struck a full design of a Bank of England dollar over the entire coin that wiped out most of the underlying design. This finally convinced the British government to contract with Boulton to purchase a new state of the art steam powered mint.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1293181, member: 66"]I would agree with Doug's value estimate. I would think you should easily get $150 to $200 for that bank of England dollar. The quote Doug mentioned was part of a little verse popular at the time A dollar of Spain for five shillings to pass Stamp the head of a fool On the neck of an Ass. They came about because England was critically short on coinage during the late 18th century and early 19th century, and the royal mint was in very sorry shape mechanically. But they did have a large quantity of Spanish 8 reales on hand that had been captured by British Privateers from Spanish shipping. The problem was how to recoin them. At first they used a silversmiths hallmark stamp of the King's bust and counterstamped the coins. These counterstamped coins would then be accepted at a rate of 4 shilling s nine pence (later raised to five shillings). This continued until 1804 when the government accepted an offer from Matthew Boulton to handle the recoinage. He struck a full design of a Bank of England dollar over the entire coin that wiped out most of the underlying design. This finally convinced the British government to contract with Boulton to purchase a new state of the art steam powered mint.[/QUOTE]
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1795 Carolus IIII DeI Gratia 8 reale with counter stamp value
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