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CG06499

George I 1723 SSC Shilling, second bust with loop tie to rear of head

George I (1714-27), silver Shilling, 1723, South Sea Company issue, second 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, initials SS and C in alternate angles, seven strings to Irish harp, garter star at centre, 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., weight 6.03g (Bull 1591; ESC 1178; C&R 726; S.3648). Attractively toned, good very fine.

Provenance:
Ex Spink Numismatic Circular, April 1999, item 1562.

The South Sea Company famously known for the economically disastrous "South Sea Bubble" of over-speculation by the public in its shares which occurred 300 years ago in 1720, subsequently managed to recover successfully with careful debt management from this low point and later supplied much silver bullion from South America 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 all dated 1723.

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