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1804 GEORGE III AR BANK OF ENGLAND DOLLAR
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Obverse: GEORGIUS III DEI GRATIA REX. Laureate and draped bust of George III facing right.
Reverse: BANK OF ENGLAND 1804. Britannia, seated left, holding a branch and spear, her left arm resting on a shield which in turn rests on a cornucopia, a beehive is in the background to the left; all within a garter inscribed FIVE SHILLINGS DOLLAR. The garter is surmounted by a castellated "crown" of five circular stone turrets.
Spink 3768; Obverse die A, Reverse die 2
Diameter: 41mm | Weight: 26.7gms | Die Axis: 11
SPINK: 3768
This portrait of George III was designed by Conrad Heinrich Kuchler (c.1740 - 1810), this is marked by C. H. K. in raised letters on the truncation at the king's shoulder. The reverse, which was also designed by Kuchler has the raised initial K in the triangular space between the shield, cornucopia, and Britannia's dress. Kuchler moved to Birmingham in 1795 and designed many of the coins and medals which were struck at Matthew Boulton's SOHO mint.
On this coin there are enough traces of the host coin discernible on the reverse, near the edge between 'BANK' and 'OF', and on the obverse below the bust to make an accurate identification of the undertype possible. It was overstruck on a Spanish Colonial 8 Reales minted at Potosi in Bolivia which bore the date 1806.
Note on George III Bank of England Silver Dollars
Although George III reigned for sixty years from 1760 to 1820, the only crowns issued were in the last three years of his reign, apart from these Bank of England dollars issued as an emergency measure.
There had been a persistent shortage of silver coins throughout most of George's reign, and the Bank of England attempted to alleviate this by counter-marking Spanish colonial 8-Reale pieces (the "pieces of eight" of pirate legend) with a punch bearing the head of George III. When this counter-mark was enthusiastically counterfeited, the bank resorted to counter-stamping the entire coin. Most survivors were struck on Mexican or Peruvian 8-Reale pieces, though a few have been found to be struck on issues from Spain proper. Although these Bank of England dollars are all dated 1804, they were issued every year until 1811, and occasionally the dates of Spanish 8 Reales minted after 1804 can be discerned on them. In 1811, to take account of the increase in the value of silver, the Bank of England dollar coins were revalued at 5s6d and they stayed at this value until they were withdrawn from circulation in 1817, by which time a massive silver re-coinage was being undertaken.
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