George II 1729 EIC Five-Guineas

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George II 1729 EIC Five-Guineas

George II (1727-60), gold Five Guineas, 1729 E.I.C. initials of the East India Company below young laureate head left, GEORGIVS.II. DEI.GRATIA, rev. crowned quartered shield of arms, date either side of crown, M.B.FE. ET. H. REX. F.D. B.ET. L. D. S. R. I. A. T ET. E. edge inscribed in raised letter and dated, +DECVS. ET. TVTAMEN ANNO. REGNI. TERTIO, inverted N's in ANNO, (MCE 279; S.3664). Some light surface marks, otherwise good very fine / almost extremely fine.

The East India Company provided quantities of gold bullion to the Royal Mint to strike coinage with their provenance mark "E.I.C." at various times in the reign of King George II. This was to enable them to have the right to export the finished coinage overseas to further facilitate their trade, when there was an export ban on British coinage for all others. The edges of these spectacular gold coins also carry an inscriptions as an "ornament and a safeguard" against the old practice of clipping with a further statement that this coin was issued in the third year of the King's reign.

AM00451