2 Bit Countermark

Uitgever Barbados
Jaar 1718
Type Emergency coin
Waarde 2 Bits (3⁄40)
Valuta Pound sterling (1627-1970)
Samenstelling Silver (.833)
Gewicht 5.55 g
Diameter
Dikte
Vorm Round
Techniek Countermarked
Oriëntatie
Graveur(s)
In omloop tot
Referentie(s)
Beschrijving voorzijde Countermarked Spanish 2 Réales displaying lions and castles.
Schrift voorzijde Latin
Opschrift voorzijde I
Beschrijving keerzijde Spanish 2 Réales displaying coat of arms.
Schrift keerzijde Latin
Opschrift keerzijde
Rand
Muntplaats
Oplage 1718 - -
Numisquare-ID 4286052450
Aanvullende informatie

Historical Context: The 1718 Barbados 2 Bit Countermark emerged under King George I, amidst acute currency shortage in British West Indies colonies. Barbados, a vital sugar producer, urgently required coinage for trade. Lacking a mint, the island utilized diverse foreign silver, predominantly Spanish-American reales. This '2 Bit' countermark was a crucial government initiative, validating foreign coins for local circulation, assigning a fixed value, and preventing their export, thus stabilizing the colonial economy.

Artistry: The 'artistry' of this countermark is purely functional; no specific engraver is attributed. The punch was a utilitarian tool. Its design typically features a simple numerical '2' or 'II,' often with an

×