Special Collections
Create new listThe Rothsay cotton works, built in 1779 by James Kenyon, was acquired by David Dale, the proprietor of the Lanark Mills in 1785. By 1815 the business had passed into the ownership of two Glaswegians, William Kelly and Robert Thom, who were responsible for the issue of the later tokens.
Merchant Issues - silver, Scotland, BUTE, Rothesay, Rothsay Cotton Works, a MEXICO, Ferdinand VII, 8 Reales, 1809th, Mexico City, obv. countermarked rothsay cotton works around 4/6, 1820 below, rev small punched privy-mark to right of shield tip, 26.53g/12h (Manville 92; Hodge 092S-008a, this coin; KM. CC100). Coin nearly fine, counterstamp nearly very fine £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
Glendining Auction, 3 May 1978, lot 165; W.J. Noble Collection, Noble Numismatics Pty Auction 58B (Melbourne), 7-8 July 1998, lot 1576.
The 4/6 tokens, dated 1820 were issued in that year and for a few years after, several specimens being on host coins dated 1821. These would have circulated for some eight to ten years and reportedly could only be used at the company store, which stocked a satisfactory range of goods at reasonable prices. [Manville pp.177-8]
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