5 Pounds (Plugged cob 8 escudos of Philip V; countermarked) ND (1773) front 5 Pounds (Plugged cob 8 escudos of Philip V; countermarked) ND (1773) back
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5 Pounds Plugged cob 8 escudos of Philip V; countermarked ND

1773 year
Gold 26.92 g -
Description
Issuer
Jamaica
King
George III (1760-1820)
Type
Standard circulation coin
Year
1773
Value
5 Pounds
Currency
Countermarked real (1655-1822)
Composition
Gold
Weight
26.92 g
Shape
Round (irregular)
Technique
Counterstamped, Hammered (cob)
Demonetized
Yes
Updated
2024-10-05
References
Numista
N#219197
Rarity index
95%

Comment

Plugged Peru 8 escudos KM#38.1

Jamaica adopted Spanish gold currency standard with a weight rating of 26.96 grams for 8 escudos, and impose penalties of 3 pence per grain for the circulations of underweight cold coinage. Some underweight cobs were privately plugged to attain full weight and countermarked with a crocodile above initials GC. It is suspected this was done by George Clinton an area goldsmith.

Interesting fact

One interesting fact about this coin is that it was countermarked, which means that a stamp or mark was added to the coin after it was minted, indicating that it was valid for use in a specific region or for a specific purpose. This practice was common in the past, especially in colonies or territories that were under the control of a larger power. In this case, the coin was countermarked with the letters "JA" to indicate that it was issued in Jamaica.