½ Dollar Countermark on 1/4- cut Spanish or Spanish Colonial 8 Reales ND
1797 yearSilver | - | - |
Issuer | Saint Vincent and the Grenadines |
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Type | Standard circulation coin |
Year | 1797 |
Value | ½ Dollar |
Currency | Saint Vincent Dollar (1797-1818) |
Composition | Silver |
Shape | Quarter circle |
Demonetized | Yes |
Updated | 2024-10-07 |
Numista | N#101739 |
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Rarity index | 95% |
Comment
Countermark on 1/4- cut Spanish or Spanish Colonial 8 Reales.Interesting fact
One interesting fact about this coin is that it was created as a form of currency for the island of St. Vincent and the Grenadines during a time of economic hardship. The coin was made by countermarking a Spanish or Spanish Colonial 8 Reales coin, which was cut into quarters to create four smaller coins. This process of creating new coins from existing ones was a common practice during times of economic stress, and it allowed the island to continue to use the valuable silver from the Spanish coins while also creating new currency that could be used for everyday transactions.