Special Collections
Deanston Cotton Mill was built in 1785 by John Buchanan of Carston, near Glasgow, utilising water from the nearby River Teith to power its machinery. However by 1794, John’s younger brother Archibald, installed as manager, was having difficulty maintaining the labour force which forced the sale of the business. Under various owners, it continued in business until 1965. It is now the premises of Deanston Distillery
Merchant Issues - silver, Scotland, PERTHSHIRE, Deanston, Deanston Works, a Mexico, Charles III, 8 Reales, 1773fm (inverted), Mexico City, obv. countermarked * deanston works *, bee-hive and bees, five shillings below, 26.84g/12h (Manville X22, and p.58; Hodge X022.002a, this coin). Coin and countermark very fine, the latter modern (c. 1930) and not known as a contemporary original £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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Collection
F.S. Cokayne Collection, Glendining Auction, 17-18 July 1946, lot 175; H.M. Lingford Collection, Glendining Auction, 24-6 October 1950, lot 755; F. Willis Collection, Part II, Glendining Auction, 7 October 1991, lot 457: DNW 89, 29 September 2010, 1939
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