Derbyshire (1810) 4 shillings 9 pence

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from the Stack's Bowers 2018 NYINC sale, lot 20346
Derbyshire SB118-20346r.jpg
This specimen was lot 20346 in Stack's Bowers 2018 NYINC sale (New York, January 2018), where it did not sell. The catalog description[1] noted,
"GREAT BRITAIN. Derbyshire. Cromford. 4 Shillings, 9 Pence, ND (ca. 1790's-1810). PCGS GOOD-06 Secure Holder. Issued by Arkwright & Co. mill owners and bankers, likely issued by Richard Arkwright. Countermark: 4/9 surrounded by: "Cromford. Derbyshire." Struck on a 1773-MoFM 8 Reales. The dating of this countermark is based on the fact that in 1810 the price of bullion generally remained above five shillings until mid 1815. According to Manville this is the only example of this date host coin for this issuer for all denominations. Well worn as would be expected from the designated grade with lovely deep old cabinet tone. Clearly this piece sat for a prolonged period of time undisturbed. A pleasant example with a fabulous provenance. Countermark well applied with clear definition of the details. Countermark: VF DETAIL. Ex: DNW Auction 04/2014, lot# 551. Ex: Walter Allen Collection sold by Spink Auction 34, 03/1984, lot# 8. Ex: H.E. Manville Collection. Ex: D.W. Grey Auction 04/1972, lot# 181."
The north of England in the early nineteenth century was tearing into the Industrial Revolution and manufacturers were eager for coin to facilitate trade. As the Royal Mint could not keep up, many private issues appeared. Spanish dollars circulated freely and many of these were countermarked; the SCWC records over a hundred different countermarks. Today they are all rare. This counterstamp is attributed to 1790-1810 and most likely towards the end of that period.

Recorded mintage: unknown.

Specification: 27.07 g, .896 fine silver, .780 troy oz ASW (host coin).

Catalog reference: Manville-104(this coin listed); Brunk-51150; KM-643.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • [1]Ponterio, Richard, Kyle Ponterio, John Kraljevich and Cris Chatigny, The January 2018 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Eldorado Collection of Colombian and Ecuadorian Coins, Santa Ana, CA: Stack's Bowers LLC, 2017.

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