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<p>[QUOTE=&quot;Jimski, post: 2967159, member: 77373&quot;](even more SSC coin) 1723 British shilling, SSC (South Seas Company)</p><p>[ATTACH=full]727344[/ATTACH] [ATTACH=full]727345[/ATTACH] </p><p><br /></p><p>From <a href="https://24carat.co.uk/frame.php?url=1723sscshilling.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://24carat.co.uk/frame.php?url=1723sscshilling.html" rel="nofollow">https://24carat.co.uk/frame.php?url=1723sscshilling.html</a><i>&nbsp; The letters &#039;SSC&#039; on the reverse of this coin denote the fact that the silver was supplied by the South Sea Company, which was at the centre of a major financial catastrophe known as the &#039;South Sea Bubble&#039; in 1720. The South Sea Company had been granted a charter to trade with the Spanish colonies in South America, and the company vastly over-inflated its share price by giving the impression to shareholders, the government, and the public that its potential for growth was larger than it actually was. In fact, its opportunities were limited by the restrictions put upon it by the King of Spain, who only permitted one ship per year carrying a cargo of no more than 500 tons to land in a Spanish-controlled port ...By 1720, share prices had reached an astonishing £1,000 per share (unadjusted for modern-day inflation!), but doubts about the profitability of the company crept in, and shareholders started to doubt the viability of the company, with the result that share prices collapsed as shareholders tried to get rid of their shares … <i>However, the company itself survived until the 1850s …</i></i></p><p><i><br /></i></p><p><i>These coins are relics of an event which, given current events, have a certain resonance. </i></p><p><i><br /></i></p><p><i><br /></i></p><p><i><br /></i></p><p>Some sites (Wikipedia, Numista) say the silver for the SSC coinage came from SSC mines in Indonesia.&nbsp; Other sites (Coin World, British Museum) say it came from South America.&nbsp; None of these sites gave references.&nbsp; So ... ???!&nbsp; There was another reference that I found on CoinTalk <a href="https://www.cointalk.com/threads/great-britain-silver-south-sea-company-shilling-of-george-i-1723.286642/#post-2573797" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/great-britain-silver-south-sea-company-shilling-of-george-i-1723.286642/#post-2573797">#8</a>. It&#039;s why I added this paragraph.</p><p><br /></p><p>[USER=10461]@lordmarcovan[/USER] also has a dandy MS63+ SSC shilling, and nice write-up that I ran across in my searches.&nbsp; I hope he post it.&nbsp; </p><p><br /></p><p>I thought it would be interesting to compare the rise in SSC stock to that recently in Bitcoin.&nbsp; </p><p><br /></p><p>[ATTACH=full]727342[/ATTACH]</p><p>South Seas Co. <i>Chart of company stock prices. </i></p><p>From <a href="https://en.wikipedia.org/wiki/South_Sea_Company" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/South_Sea_Company" rel="nofollow">https://en.wikipedia.org/wiki/South_Sea_Company</a></p><p><br /></p><p>Bitcoin chart from: <a href="https://www.worldcoinindex.com/coin/bitcoin" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.worldcoinindex.com/coin/bitcoin" rel="nofollow">https://www.worldcoinindex.com/coin/bitcoin</a>[/QUOTE]</p><p><br /></p>

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