Special Collections
Create new listRichard Arkwright was one of the pioneers of the industrial revolution, making huge improvements in methods of spinning cotton. He opened a horse-powered spinning mill in Nottingham in 1775 and a few years later a larger water-powered mill at Cromford, utilising the waters of the river Derwent. His son, also Richard, took over the running of Cromford and other mills in 1792 and his concern for the health and welfare of his workers resulted in numerous innovations, including the provision of circulating coinage.
Merchant Issues, England, DERBYSHIRE, Cromford, a MEXICO, Charles IIII, 8 Reales, 1802ft, Mexico City, obv. countermarked cromford · derbyshire · around 4/9, 26.64g/12h (Manville 104; Hodge 104E.064b, this coin; KM. 643). Coin fine, countermark nearly very fine but some weakness, scarce £1,200-£1,500
This lot was sold as part of a special collection, Scottish Merchant Dollars from the Collection of Michael Gietzelt.
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Given the dates on the host coins and a circulating value of 4/9, these coins would have been used c. 1795-1810 [Manville p.204]. Hodge lists no less than 76 known specimens, 64 of which have photographic proof.
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