George I silver Shilling, 1723, South Sea Company issue, variety with C struck over SS in one angle
Obverse: First laureate and draped bust facing right, 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, seven 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.
6.03gram, 25 mm in diameter.
S.3647; Bull 1590; ESC 1176A
Most attractively toned with a superb golden tone showing much original mint bloom, practically as struck.
*The South Sea Company famously known for the economically disastrous "South Sea Bubble" of over-speculation by the public in its shares which occurred over 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 Royal Mint in exchange for the right to export the 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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