1 Dollar - George III (Type I countermark; oval) 1772-1788 (1772-1789) front 1 Dollar - George III (Type I countermark; oval) 1772-1788 (1772-1789) back
1 Dollar - George III (Type I countermark; oval) 1772-1788 (1772-1789) photo
© Heritage Auctions

1 Dollar - George III Type I countermark; oval

 
Silver (.903) 27.1 g 39 mm
Description
Issuer
United Kingdom (United Kingdom, British Overseas Territories and Crown Dependencies)
King
George III (1760-1820)
Type
Standard circulation coin
Years
1772-1788 (1772-1789)
Value
1 Dollar = 4 Shillings 9 Pence (19⁄80)
Currency
Countermarked coinage (1797-1804)
Composition
Silver (.903)
Weight
27.1 g
Diameter
39 mm
Shape
Round
Orientation
Medal alignment ↑↑
Demonetized
Yes
Updated
2024-10-09
References
Numista
N#13161
Rarity index
88%

Reverse

Crowned shield of arms dividing pillars, legend around.

Script: Latin

Lettering: ·HISPAN·ET IND·REX·Mo·8R·F·M·

Translation: King of Spain and the Indies

Comment

Countermarked Coinage (1797-1804)

Emergency issue consisting of foreign silver coins, usually Spanish Colonial, having a bust of George III within an oval (1797) or octagonal (1804) frame. Countermarked 8 Reales circulated at 4 Shillings 9 Pence in 1797 and 5 Shillings in 1804. The puncheons used for countermarking foreign coins for this series were available for many years afterward, especially the oval die and apparently a number of foreign coins other than Spanish or Spanish Colonial 8 Reales were countermarked for collectors.

Issuer: Bank of England; Countermark: Oval, Type I; Date: Dates shown are of the host coin;

Countermarked on Mexico 8 Reales of Carlos III, KM#106.1, KM#106.2 or KM#106.2a.

For more detail on these emergency issues,
please read THE BANK OF ENGLAND COUNTERMARKED DOLLARS, 1797-1804 by H.E. Manville.

Interesting fact

One interesting fact about this coin is that it was issued during a time of great change and upheaval in the United Kingdom. King George III was on the throne during this time, and the coin was minted during the American Revolution, when the colonies in North America were fighting for their independence from British rule. Despite the turmoil, the coin remained a standard circulation coin in the UK and its territories.