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|---|---|
| 正面文字 | 登录 以查看详情 |
| 正面铭文 | CAROLUS·IIII· DEI·GRATIA· ·1791· (Translation: Carlos the Fourth by the Grace of God) |
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| 背面铭文 | 登录 以查看详情 |
| 边缘 | Milled |
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| 附加信息 |
During the 1790s, a chronic shortage of silver coinage in Britain led the Bank of England to authorize countermarking Spanish colonial eight reales — pieces of eight already circulating informally — rather than strike new coin. The oval countermark bearing the king's portrait was applied at the Bank itself, converting foreign silver into notional British currency at a face value of 4s 9d. The scheme proved short-lived: forgers quickly produced convincing imitations, prompting a wit of the period to quip that the Bank's mark made "the head of a fool to pass for the head of a king."
The Type I oval punch was abandoned by 1797 in favor of an octagonal mark, rendering this earlier variety the scarcer of the two countermark types.