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FM20335

George I 1720 Two Guineas, 20 over 17 in date, NGC AU58 attractively toned

George I (1714-27), gold Two Guineas, 1720, 20 struck over 17, laureate head right, legend and toothed border surrounding, GEORGIVS. D.G. M.B.FE. ET. HIB. REX. F.D., rev. die axis a little off-centre, crowned cruciform shields, incorporating the Arms of Hanover, sceptres in angles, garter star at centre, date either side of top crown, BRVN ET. L. DVX S.R.I.A.TH ET. EL., edge, diagonally grained (Schneider -; Bull EGC 500; MCE 243; S.3627). Pleasing red tone with underlying brilliance, some surface marks and hairlines, has been slabbed and graded by NGC as AU58, a very rare date and a beautiful coin of contrasting colours.

NGC Certification 6318074-008.

We note as of November 2021 that this coin is the joint second finest graded of eight coins total of this date at NGC. For comparison PCGS have only graded one lower grade piece as this is a rare date for the larger gold coins.

1720 is the second of three years for the gold Two Guineas of George I, and the calendar year output of gold was £885,859 which was the fourth highest of the reign. Sir Isaac Newton was the Master Worker of the Mint at this time and was the first to officially call the gold coinage the "guinea" in a report made in the Mint papers of 1717. The gold coins had been called Guineas colloquially since the time that gold dust and metal began to be imported from the African country of Guinea, during the reign of Charles II.

In our experience the 1720 Two Guineas always as the 20 of the date struck over residual evidence of the 17 below from the previous occasion the denomination was issued in its first year of 1717.

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