George III (1760-1820), silver Bank of England Dollar, 1804, struck by the Soho Mint entirely over a Spanish Empire Eight Reales, laureate and draped bust right, initials C.H.K on truncation for engraver by C H Kuchler, top leaf points to upright of letter E, Latin legend and toothed border surrounding, GEORGIUS III DEI GRATIA REX., rev. Britannia seated left with spear and shield, initial K in relief under shield for engraver C H Kuchler, holding olive branch, cornucopia below, beehive of industry to left, all within castellated garter, English legend on garter FIVE SHILLINGS DOLLAR, and surrounding with toothed border, BANK OF ENGLAND, date at bottom, 26.89g (Bull 1925; ESC 144 dies A/2; L&S 50; Davis D.17; S.3768). Lightly toned, wear to high points both sides, graded by NGC as AU58.

NGC Certification 6674855-004

The Bank of England Dollar was the successor to the emergency countermarked coins that were struck in relation to a crisis with the silver coinage at the end of the 18thCentury, where the supply of silver in commerce and for the Mint had dwindled due to the Wars in France after the Revolution in 1797. From March 1797 the Bank of England therefore released stocks of its Spanish dollars and halves each with an oval countermark. They did not really alleviate the problem of smaller change and were issued on an off with the oval countermark, until a more complex larger octagonal mark replaced them from January to May 1804, as the oval pieces were being counterfeited. Eventually the octagonal replacements were also copied widely, and the ultimate solution was to have the Soho Mint totally overstrike the remaining stocks of Spanish Dollars with a new Bank of England design.

Provenance:
Ex Spink Numismatic Circular, May 2009, item MS8744.

Estimate: £ 300 - 400