Great Britain 1787 shilling
This specimen was lot 29623 in Heritage sale 3037 (New York, January 2015), where it sold for $2,820. The catalog description noted, "Very Elusive in Proof Condition George III Proof Shilling 1787 PR64+ PCGS, Royal mint. Plain Edge - Hearts in Shield. A wonderful Proof of the type, cataloged simply as "Extremely Rare" in Spink catalog. Highly original, the surfaces of the present example hold rich cabinet tone throughout, with pleasing iridescent shades in predominately cobalt-blue, blue-green and orange-gold saturation. Magnified inspection yields a reverse that is essentially pristine with a couple couple flyspeck ticks on George's bust on the obverse that preclude full Gem certification. Altogether, a great coin and a rare opportunity." This type is listed for 1787 and was the first shilling issued since 1763. The mint did not produce near enough small change for the industrial boom of the eighteenth century, leading to a proliferation of private tokens. The situation would not be rectified until the reform of 1817.
Recorded mintage: unknown.
Specification: 6.02 g, .925 fine silver.
Catalog reference: KM 607.1, S-3746.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- Skingley, Philip, ed., Standard Catalogue of British Coins: Coins of England & the United Kingdom, 46th edition, London: Spink & Son, 2011.
- Lobel, Richard, Mark Davidson, Allan Hailstone and Eleni Calligas, Coincraft's Standard Catalogue of English and UK Coins, 1066 to Date, London: Coincraft, 1995.
- Bierrenbach, Cristiano, Warren Tucker and Scott Cordry, Heritage Signature Auction 3037, featuring the Empire, the Santa Catarina, the Law and the Santa Maria Collections, Dallas, TX: Heritage Auction Galleries, 2014.