Tobago, Issues c. 1798, Eleven Bitts (valued at Eight Shillings and Threepence), a Charles IIII, 8 Réales, 1797fm, Mexico City, pierced from the obverse with a central hole with 14 crenations (type I), 23.40g/361.1gr (Prid. 1, this coin [Sale, lot 367, this coin]; KM. 12). Very fine and the highest rarity £2,000-3,000

This lot was sold as part of a special collection, The Lyall Collection of Cut and Countermarked Coins.

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Collection

Provenance: A.H. Baldwin Collection; F. Pridmore Collection, Part I, Glendining Auction, 21-2 September 1981, lot 367 [from Baldwin 1964]; E. Roehrs Collection, Part I, DNW Auction 87, 28 September 2010, lot 300.

The tool to produce this shallow cut must have required tremendous effort to pierce the dollar and either broke or was disregarded early on.