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Saltcoats is a town in north Ayrshire. The name is derived from the town's earliest industry when salt was harvested from the sea water of the Firth of Clyde. The issue of a general ‘Merchants’ token suggest the existence of a local trade or merchants’ association although there are no contemporary references to this.
Scotland, SALTCOATS (Ayrshire), Merchants, a MEXICO, Ferdinand VII, 8 Reales, 1811hj, Mexico City, obv. countermarked saltcoats merchants around 5/6, all within wreath, 26.40g/12g (Manville 97; Hodge 097S-004b, this coin; KM. CC101). Coin fair, most of countermark cancelled by flattening, extremely rare £1,200-£1,500
Davissons Mail Bid Sale (Cold Spring MN), 1 February 2007, lot 199.
4 known with 2 in institutions. Not in National Museum of Scotland. The face value of the countermark suggests it was issued c. 1812-15.
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