Scotland, LANARKSHIRE, Glasgow, a Mexico, Charles IIII, 8 Réales, 1798fm, Mexico City, obv. countermarked thistle bank · around 4/9, 26.21g/12h (Manville 45, and pp.92-3, this coin not listed). Coin fair and edge smoothed, countermark good fine £400-500

This lot was sold as part of a special collection, Countermarked Dollars, Property of the late Lt.-Cdr W. E. McLaughlin.

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The Thistle Bank, founded by Sir Walter Maxwell Bt, and James Ritchie & Co in November 1761, was capitalised at £7,000. Located at first in Bridgegate and then in Virginia street, it was absorbed by the Glasgow Union Bank in 1836. The countermarked issues of the bank without the thistle on the reverse are generally regarded as the earliest in the sequence