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KM37380

George I 1721 Guinea, fourth bust, very rare date

Regular price £1,750
Regular price Sale price £1,750

George I (1714-27),gold Guinea, 1721, fourth laureate head right, legend and toothed border surrounding, GEORGIVS. D.G. M.B.FE. ET. HIB. REX. F.D.,rev.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, weight 8.26g (Schneider -; Farey 0650 VR; Bull EGC 514; MCE 253; S.3631).Toned, with wear, some surface marks, Fair to fine and a very rare date.

The abbreviated Latin legends translate as on the obverse "George by the Grace of God, King of Great Britain, France and Ireland, Defender of the Faith" and on the reverse as "Duke of Brunswick and Luneberg, High Treasurer and Elector of the Holy Roman Empire."

For the 1721 calendar year, output of gold was £272,500 which was the third lowest 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.

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