| Stack's Bowers Galleries (& Ponterio) > January 2024 NYINC Auction | Auction date: 12 January 2024 |
| Lot number: 53304 Price realized: 2,200 USD (Approx. 2,006 EUR) Note: Prices do not include buyer's fees. | Show similar lots on CoinArchives Find similar lots in upcoming auctions on  |
| Lot description: SCOTLAND. Scotland - Mexico. Lanarkshire. New Lanark. 5 Shillings, ND (ca. 1815-20). NGC EF-45; Countermark: AU Standard. KM-CC66; Manville-69; Brunk-52665. Issued by Robert Owen and partners. Countermark: 5/- surrounded by: "Payable at Lanark Mills" with lozenge stop. Applied to the obverse of a 1799-Mo FM Mexico bust 8 Reales of Charles IIII (IV) (KM-109). Beautifully preserved and very attractive, this handsome example exhibits a lovely rich old envelope patina with remaining luster in the protected areas. The countermark is deeply applied on a nicely preserved host with plenty remaining detail. This high grade example offers a pleasing appearance with much originality. 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. It is also important to note that according to Manville the 5 Shillings denomination was issued in two periods. The first was issued prior to 1811 while the second period was between 1815-20. Manville also states that due to degradation the ring punch must have been employed for an extended period. The present piece exhibits signs of die deterioration in the form of cracks and chipping which indicates later use and was why it was attributed to the later period of issue. Ex: Clyde hubbard Collection. Ex: Howard D. Gibbs Collection (Schulman 11/1960) Lot #330. Ex: H. Whitley Collection (Glendining 4/1956) lot # 269 (part of). Estimate: $1500 - $2500 |  |
