Special Collections

Sold on 24 September 2025

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Scottish Merchant Dollars from the Collection of Michael Gietzelt

Michael Gietzelt

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Lot

№ 226

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24 September 2025

Hammer Price:
£6,500

James Steven and Alexander Steven Jr. ran grocers and wine- and spirit-merchants in King Street and Church Street.

Merchant Issues - silver, Scotland, RENFREWSHIRE, Port Glasgow, Alexander Steven & Sons, a PERU, Ferdinand VII, 8 Reales, 1813jp, Lima, obv. countermarked + a . steven & sons pt glasgow around 4/6, 27.70g/12h (Manville 89; Hodge 089S-007a, this coin; KM. CC91). Coin good fine, countermark good very fine, toned, extremely rare; very few specimens known £5,000-£7,000

F.S. Cokayne Collection, Glendining Auction, 17-18 July 1946, lot 147; H.M. Lingford Collection, Part I, Glendining Auction, 24-6 October 1950, lot 731; H.D. Gibbs Collection, Hans Schulman Auction (New York), 19 November 1960, lot 325; A. Chesser Collection, DNW Auction 113, 17 September 2013, lot 389 [from L. Sverdloff]

The second of two issues of countermarked coins in the name of A. Steven, these are attributed to the two sons of the original issuer [Manville p.171]. The only known specimen of the first issue (Hodge 88S.001) is in the British Museum. Hodge lists nine specimens of this second type, five of which are in museums or institutions.