The Lyall Collection of Cut and Countermarked Coins

St Eustatius (Statia), Notice of September 1801, 3 Reaals, a Philip V, 2 Réales (Pistareen), 1725a, Madrid, obv. countermarked 3 raised within a rectangular indent, 4.98g/76.8gr (Lyall, SNC, 1998, p.19; Prid. Not Attributed 30). Coin nearly fine, countermark very fine, extremely rare £200-300

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

View
Collection

Provenance: J.J. Ford Jr Collection, Glendining Auction, 16 October 1989, lot 236.

Lyall states “From the Notice dated 30th Sept 1801 the ‘small quarts’ were to have their value raised from 2 bitts 4 stuivers to become 3 pesos. The reference ‘small quarts’ presumably means pistareens as there were no known official cut fractions of dollars in 1801 in St Eustatius and pistareens were valued at 2 bitts 4 stuivers in 1797. Thus the pistareens stamped with a large 3 are possibly the result of this 1801 Notice”