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DG09849

George I 1723 Halfcrown South Sea Company issue

George I (1714-27), silver Halfcrown, 1723, South Sea Company Issue, laureate and draped bust right, Latin legend and toothed border surrounding, GEORGIVS. D. G. M. BR. FR. ET. HIB. REX. F. D., rev. crowned cruciform shields, seven strings to Irish harp, initials SS and C in alternate angles, retrograde Z type 1 in date either side of top crown, Latin legend and toothed border surrounding, .BRVN ET. L. DVX S.R.I.A:TH ET. EL., edge inscribed in raised letters of inverted orientation to obverse, note use of letter U in edge wording, .DECUS. ET. TUTAMEN. ANNO./+ REGNI. DECIMO., weight 14.81g (Bull 1557; ESC 592; C&R 706 R2; S.3643). Toned with some spots, with graffiti scratched on obverse, fine.

The Latin legends translates 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 "Duke of Brunswick and Luneberg, High Treasurer and Elector of the Holy Roman Empire."

The South Sea Company famously known for the economically disastrous "South Sea Bubble" of over-speculation which made the Company go bust, had previously supplied much silver bullion to the Mint in exchange for the right to export money overseas. The silver supplied up to 1723 produced a large coinage of Crowns, Halfcrowns, Shillings and Sixpences.

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