1282

JAMAICA, British Administration, gold 5 pounds, GR countermark (1758) on a Lima, Peru, bust 8 escudo

Currency:USD Category:Coins & Paper Money / World Coins By Country Start Price:16,000.00 USD Estimated At:20,000.00 - 40,000.00 USD
JAMAICA, British Administration, gold 5 pounds, GR countermark (1758) on a Lima, Peru, bust 8 escudo
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JAMAICA, British Administration, gold 5 pounds, GR countermark (1758) on a Lima, Peru, bust 8 escudos, Ferdinand VI, 1751 J, very rare, NGC AU details / tooled, c/s AU strong, ex-Farouk, ex-Rudman, Friedberg Plate. KM-11.4; Prid-1; Gordon-1; Fr-1. One of the biggest trophies in the field of Caribbean Cut and Countermarked coins is the Jamaican "doubloon," an iconic stamping of flowery "GR" (Georgius Rex) in the middle of each side of an early Spanish colonial "wig bust" 8 escudos, authorized by a local Act of November 18, 1758, making it the first official countermark in the British Caribbean colonies, during the height of sugar production and in the face of slave revolts and the threat of French invasion. The countermarking continued until May 1760, and hosts with dates as late as 1759 are known. In his 1965 work, Pridmore identified just three examples of the Jamaican "doubloon" without mentioning the Farouk specimen—this coin—that had just sold eleven years prior. For the Lima 1751 host specifically we know of four: the Larry Adams specimen (CNG January 2016, lot 2543); the Ray Byrne specimen (Jess Peters auction of June 1975, lot 797, which is also the Plate Coin in Gordon, KM, and the 8th edition of Friedberg); the Virgil Brand specimen (Sotheby's London, June 1985, lot 365, also plated in Pridmore and attributed as lot 680 of the Nobleman auction of 1922); and the present specimen (see pedigree below) from the celebrated collection of King Farouk of Egypt. The countermarks are full and clear, and the host is well struck, with some tooling in the fields on obverse and a minor but identifying rim-flaw below the last digit of the date. Pedigreed to the King Farouk Collection (stated on label) and the Sotheby's Cairo auction of February 1954 (lot 899), also to the Dix Noonan Webb auction of October 2012 (lot 4245) and the Isaac Rudman Numismatic Cabinet; Plate Coin on page 606 of Friedberg's 10th edition (2024) of Gold Coins of the World.
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