1 Dollar - George III (Type I countermark; oval) 1769-1772 front 1 Dollar - George III (Type I countermark; oval) 1769-1772 back
1 Dollar - George III (Type I countermark; oval) 1769-1772 photo
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1 Dollar - George III Type I countermark; oval

 
Silver (.917) 27 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
1769-1772
Value
1 Dollar = 4 Shillings 9 Pence (19⁄80)
Currency
Countermarked coinage (1797-1804)
Composition
Silver (.917)
Weight
27 g
Diameter
39 mm
Shape
Round
Orientation
Medal alignment ↑↑
Demonetized
Yes
Updated
2024-10-09
References
Numista
N#27973
Rarity index
95%

Reverse

Crowned shield of arms between engraver's initials and denomination, legend around.

Script: Latin

Lettering:
CAROLVS·III·D·G·HISPAN·ET IND·REX
J
M
8

Translation: Carlos the Third by the Grace of God King of Spain and the Indies

Comment

Countermarked Coinage

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 Peru (Lima) 8 Reales of Carlos III, KM#64.

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 the 1769-1772 George III Type I countermark; oval) 1 Dollar coin from the United Kingdom is that it was made with a unique silver alloy that contains 91.7% silver, which is higher than the standard 90% silver content used in many other coins of the time. This higher silver content gives the coin a distinctive bright white color and makes it stand out from other coins in circulation.