British coin countermarked on Spanish Eight Reales coin
Object No. N16110
Coin, Lima issue, Eight Reales, Charles III (1759-1788), countermarked with George III (1760-1820) and eastern chop marks, silver, minted Mexico, 1785
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Summary
Physical Description
Coin, Great Britain / Spain, George III (1760-1820). Dollar (8 Reales), 1785, silver, emergency issue, countermarked Spanish, Lima mint with added eastern chop marks (CI).
HISTORY
Notes
The pre-eminent status of Spanish Dollars as internationally recognised trade coins, with wide acceptance, was probably the reason that they were adopted by Macquarie as the basis for his "Holey Dollar" coinage. The strict quality control exercised in the manufacture of these coins guaranteed their silver content, and stable value. This is well illustrated by this Dollar of Charles III, dated 1785 which is countermarked for use in England; and subsequently chopmarked by both Indian and Chinese traders in the East. - From Sydney Mint Museum label written by curator, Major HP (Pat) Boland, c1982
SOURCE
Credit Line
Gift of Art Gallery of New South Wales, 1962
Acquisition Date
27 July 1962
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