SCOTLAND. Scotland - Mexico. Lanarkshire. New Lanark. 5 Shillings, ND (1811). PCGS Genuine--Tooled, VF Details Gold Shield.
Manville-69; KM-CC66; Brunk-52665. Issued by Robert Owen and partners. Countermark: 5/- surrounded by: "Payable at Lanark Mills" with lozenge stop. Struck on a 1796-MoFM Mexico bust 8 Reales of Charles IIII (IV). The countermark is boldly applied with a deeply impressed denomination at center, the outer legends display areas slight weakness due to the design features of the host. Upon close inspection one is hard pressed to locate the noted tooling as indicated on the PCGS insert, we do however notice many fine scratches that one would expect to see on a coin of this grade as well as an area where the obverse has been wiped. Despite its shortcomings a wholesome and presentable example from this popular series in above average condition. Originally New Lanark mills was owned and operated by David Dale who retired in 1799 and sold New Lanark, at the time the largest cotton mill in Scotland, for 60,000 pounds to Mr. Robert Owen of Manchester. When Mr. Owen became managing partner on 1 January 1800 he quickly began to tighten control of costs, quality, management practices, monitor wages and time-keeping resulting in the dismissal of a number of employees. Though he was strict he was fair and won the approval of his employees. The mill offered free education for children and had a church among other improvements in living standards.
From the BKingdom Collection.
Estimate: $900.00- $1200.00