Stack's Bowers Galleries (& Ponterio) > January 2024 NYINC AuctionAuction date: 12 January 2024
Lot number: 53252

Price realized: 950 USD   (Approx. 866 EUR)   Note: Prices do not include buyer's fees.
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Lot description:


BRITISH HONDURAS. British Honduras - Mexico. Dollar (6 Shillings 1 Penny), ND (1810-21). George III. NGC EF-45.
KM-stamp not listed; Prid-stamp not listed; Roehrs Collection Pt.1-Lot # 6(same stamp); Byrne Collection-Lot # 1379(same stamp); Medina-Pg.224(same stamp). Incuse crowned block letter's "GR" countermark on an 1818-MoJJ Mexico 8 Reales of Ferdinand VII. SCARCE countermark variety. This somewhat crude style countermark is deeply applied and bold on a nicely preserved original looking host. The surfaces offer even wear displaying rich attractive gray patina with richer coloration in the protected areas adding to its pleasing appearance.

Unfortunately, due to the lack of official contemporary documentation the attribution to British Honduras is uncertain. Famous collector and author Major Fred Pridmore speculates that the merchants of the settlement applied the various crowned "GR" countermarks to dollars for trade with the indigenous Indian tribes between 1810-1818. Prior to 1810 the primary barter item with the Indians were cutlass blades stamped with "GR" in an attempt to continue trade, it is believed that a similar mark was applied to dollars mark to dollars continuing the accustomed unit of value. Stamping coins in this manner would not require official authority since it wouldn't have affected their currency value in the settlement.

Estimate: $1000 - $1500