George I silver Shilling, 1723, South Sea Company issue, variety with Loop tie to rear of head
Obverse: Second laureate and draped bust facing right, with loop tie to rear of the head, with Latin legend and toothed border surrounding: GEORGIVS. D. G. M. BR. FR. ET. HIB. REX. F. D.
Reverse: Crowned cruciform shields, garter star at centre, only six strings to harp, initials of the South Sea Company in alternating angles, date 1723 either side of top crown, with Latin legend and toothed border surrounding: BRVN. ET L. DVX S.R.I.A.TH ET. EL.
Edge obliquely milled
5.91 grams, 25 mm in diameter.
S.3648; Bull 1591; ESC 1178
Most attractively toned with a very pleasing portrait showing a good deal of mint bloom, very fine - good very fine. A Scarce variety only having the six strings to the harp.
Ex. A. H. Baldwin & Sons, purchased when at 11 Adelphi Terrace London (with this envelope).
*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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