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1 Ackey - George III Trial Strike

Issuer Company of Merchants Trading to Africa
Year 1796
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Value 1 Ackey
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Reverse script Latin
Reverse lettering FREE TRADE TO AFRICA. BY ACT. OF PARLIAMENT. 1750.
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Additional information

The Company of Merchants Trading to Africa was a loose consortium of British traders operating forts along the Gold Coast, chartered in 1750 specifically to avoid the monopoly structure of its predecessor, the Royal African Company. The ackey was a unit pegged to local gold-dust weights already in use by Akan traders, making it an attempt to insert British coinage into an indigenous exchange system rather than replace it. This 1796 trial strike was produced to test the denomination before committing to a gold issue — the pattern was never approved for circulation.