Great Britain 1797 penny
This specimen was lot 24893 in Heritage sale 3026 (Long Beach, October 2013), where it sold for $1,786. The catalog description noted, "George III Proof Penny 1797, P-1118 (very scarce), Late Soho, Bronzed PR65 BN NGC, a beauty having super-smooth medium brown surfaces, with reflective fields and bold details. Slightly irregular rims, in a few spots, are mint-caused, not flaws." 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. This type of 1797 is the only issue of copper tupennies in the eighteenth century. Despite a desperate shortage of small change which permitted the issue of a profusion of counterfeits and private tokens, the mint made little effort to produce copper coins until the 1820's. This penny was accompanied by a tuppenny. The similar farthings and halfpennies were dated 1799 tho restruck until the 1840's.
Recorded mintage: unknown but not rare.
Catalog reference: KM-618.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- Bierrenbach, Cristiano, Warren Tucker and Scott Cordry, Heritage Signature Auction 3026, World & Ancient Coins, featuring the RLM Collection, Part Two, the Nogales Collection and the Goetz Medals Die Archive, Dallas, TX: Heritage Auction Galleries, 2013.