3 days
Lot 47:
Description
George I (1714-27), silver Shilling, 1723, South Sea Company issue, variety with C struck over SS in one angle, first laureate and draped bust right, Latin legend and toothed border surrounding, GEORGIVS. D. G. M. BR. FR. ET. HIB. REX. F. D. rev. crowned cruciform shields, garter star at centre, initials of the South Sea Company in alternating angles, date either side of top crown, Latin legend and toothed border surrounding, BRVN. ET L. DVX S.R.I.A.TH ET. EL., 5.99g (Bull 1590; ESC 1176A; S.3647). Large spot in obverse field, otherwise toned extremely fine.
Condition report:
The Latin legends translates as on the obverse George, by the grace of God, King of Great Britain, France and Ireland, Defender of the Faith and on the reverse Duke of Brunswick and Luneberg, High Treasurer and Elector of the Holy Roman Empire. The South Sea Company famously known for the economically disastrous South Sea Bubble of over-speculation which made the Company go bust, had previously supplied much silver bullion to the Mint in exchange for the right to export money overseas. The silver supplied up to 1723 produced a large coinage of Crowns, Halfcrowns, Shillings and Sixpences.
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