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Create new listThe Thistle Bank, founded by Sir Walter Maxwell Bt, and James Ritchie & Co in November 1761, was capitalised at £7,000. Located at first in Bridgegate and then in Virginia Street, it was absorbed by the Glasgow Union Bank in 1836. As well as countermarked dollars, four issues of banknotes were issued between 1761 and 1820.
Scotland, GLASGOW (Lanarkshire), Thistle Bank, a MEXICO, Charles III, 8 Reales, 1784fm, Mexico City, obv. countermarked thistle bank · around 5/:, rev. countermarked with upright thistle, 26.83g/12h (Manville 44; Hodge 044S.002a, this coin; KM. CC48). Very fine, countermark better, very rare and with a distinguished pedigree £1,500-£1,800
J.G. Murdoch Collection, Part IV, Sotheby Auction, 12-13 December 1904, lot 158; T. Bliss Collection, Part II, Sotheby Auction, 15-19 May 1916, lot 805; Glendining Auction, 22 June 1948, lot 79; H.D. Gibbs Collection, Hans. Schulman Auction (New York), 19 November 1960, lot 317; Künker Auction 261, 9-13 March 2015, lot 5673
11 known with 5 in institutions
It appears that this lot (which is original) and the following lot (which is an electrotype copy) were both bought and sold over the last 100 year as genuine items. Because of this and the fact that weights were rarely given in auction catalogues and images not always included, it is impossible to be sure that the provenances are completely correct. The vendor sums it up thus ‘I studied all the photos in the original catalogues and believe that what I have listed as the provenance for each coin is correct, but it is only my opinion and virtually impossible to prove’.
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