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<p>[QUOTE=&quot;BRandM, post: 1890575, member: 22729&quot;]This is a counterstamp I picked up at the same time I acquired the encased Lincoln Cent&nbsp; posted earlier.</p><p><br /></p><p>The issue has at least a dozen major varieties, apparently all very common. Edward Lloyd founded the paper in 1842 as competition to the more established <i>Illustrated London News. </i>Lloyd was a very flamboyant character who knew how to promote his paper effectively. By 1872 he had a half a million subscribers. Lloyd died in 1890 but by 1896 the subscriber base had risen to one million readers per issue. The paper continued to be published until 1931 under various owners and different names.</p><p><br /></p><p>There&#039;s a good reason that his counterstamped coins are so common. He paid his workers with these pieces. As they spent their wages, waves of new advertising coins flooded into commerce. It was a win-win for Lloyd. However, the practice stopped with the passage of the Coinage Offences Act of 1861 which forbade defacing circulating coinage by such means. Apparently, he discontinued the practice at that time and didn&#039;t continue by stamping foreign coins (mostly French or Italian coins) as many English merchants did. All examples of his stamps that I&#039;ve seen or heard of are on English and Irish coins, or Canadian tokens with only one exception, on an 1821 U.S. Large Cent.</p><p><br /></p><p>Although very common, I&#039;ve wanted to add an example to my collection for some time. These issues are often well struck up like this one. This is struck [ATTACH=full]322236[/ATTACH] [ATTACH=full]322237[/ATTACH] on a George III Penny but the date has been obliterated by the stampings.</p><p><br /></p><p>Bruce[/QUOTE]</p><p><br /></p>

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