George III (1760-1820) Bank of England Dollar

Description George III (1760-1820) Bank of England Dollar, 1804, laureate and draped bust right with first leaf to left side of E in DEI, C.H.K initials on truncation, toothed border around both sides, legend surrounds GEORGIUS III DEI GRATIA REX. Rev, Britannia seated left within crowned garter, upright K to left of shield, denomination FIVE SHILLINGS above Britannia in a crescent motif, DOLLAR below, all on garter, date below, BANK OF ENGLAND outer legend (S.3768; Bull.1925; ESC.144). Previously slabbed through NGC, AU 58 (4970925-001) The Bank of England Dollar issued emergency countermarked coins due to a crisis with the silver coinage at the end of the 18th Century. From March 1797 the Bank of England released Spanish dollars and halves each with an oval countermark. This, unfortunately did not sort the problem of smaller change, and were issued with the oval countermark, this continued until a larger octagonal mark replaced them from January to May 1804, as the oval pieces were often counterfeited. Eventually the octagonal replacements were also counterfeited and the eventually the Soho Mint totally overstrike the remaining stocks of Spanish Dollars with the Bank of England design. For examples sold at auction, try www.hoskerhaynes.com