Special Collections

Sold on 24 September 2025

1 part

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Scottish Merchant Dollars from the Collection of Michael Gietzelt

Michael Gietzelt

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Lot

№ 212

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24 September 2025

Hammer Price:
£2,600

The location of issue and identity of the issuer are not known. With its connections to Glasgow’s Ship Bank, the firm of Carrick Brown & Co., a Glasgow conglomerate whose interests encompassed banking and muslin manufacture, might be a contender.

Merchant Issues - silver, Scotland, Uncertain locality, Glasgow (?), C. B. Co., a MEXICO, Charles IIII, 8 Réales, 1794fm, Mexico City, obv. countermarked cbco in rectangle, 26.88g/12h (Manville 50; Hodge 050S.003a, this coin; KM [2009 edn.]. CC39.2, this coin). Coin and countermark very fine and toned, extremely rare, one of only three known specimens £2,000-£2,600

DNW Auction 93, 26 September 2011, lot 1773 [from M.L. Teller March 1991]

Given the simple appearance of the stamp, an early date of issue in the 1790s might be surmised [Manville p.98].

At least two other examples of this countermark are known: British Museum, on a Lima 8 Reales, 1790, with a provenance back to Cokayne, 1946, and whereabouts currently unknown, on a Mexico City 8 Reales, 1793, with a provenance back to Peltzer, 1927).