Scottish Merchant Dollars from the Collection of Michael Gietzelt

Bank of England Issues, MEXICO, Charles IV, 8 Reales, 1802ft, Mexico City, obv. countermarked with head of George III in octagonal frame, 26.87g/12h (ESC 1868; S 3766). Host about very fine, countermark better, possibly a contemporary counterfeit £400-£500

This lot was sold as part of a special collection, Scottish Merchant Dollars from the Collection of Michael Gietzelt.

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A third experiment in January 1804, involved countermarking Spanish dollars with an octagonal stamp from the punch used for the Maundy Penny. Like the original attempt in 1797, coins with counterfeit stamps soon appeared in circulation and the experiment was again ultimately unsuccessful [Manville p.5].