1 Dollar - George III (Type I countermark; oval) 1790 front 1 Dollar - George III (Type I countermark; oval) 1790 back
1 Dollar - George III (Type I countermark; oval) 1790 photo
© Heritage Auctions

1 Dollar - George III Type I countermark; oval

1790 year
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
Year
1790
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
Demonetized
Yes
Updated
2024-10-09
References
Numista
N#27975
Rarity index
94%

Reverse

Crowned quartered shield of arms between 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 IV, KM#108, showing bust of Carlos III.

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 1790 George III Silver Dollar is that it was part of a small mintage of only 30,000 coins, making it a rare and valuable collector's item.