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5 Pounds - George II PHILIP V D G HISPAN ET IND REX, countermarked

Issuer Colony of Jamaica
Year 1758
Type Standard circulation coin
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Obverse description Draped bust of Philip V of Spain facing right, wearing an elaborately curled wig and ornate armor with a decorative collar, rendered in the Baroque portrait style typical of early 18th-century Spanish colonial coinage. A circular Jamaican counterstamp bearing the crowned royal cypher 'GR' (Georgius Rex) is applied centrally over the bust. The surrounding legend reads PHILIP V D G HISPAN ET IND REX, with the date 1741 displayed in the lower field flanked by small rosette stops. The coin's milled edge is visible at the periphery.
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Obverse lettering PHILIP * V * D * G * HISPAN * ET * IND * REX *1741* GR
(Translation: Felipe V, by the grace of God, King of Spain and the Indies. King George.)
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Additional information

This piece began life as a Spanish colonial gold coin — almost certainly a doubloon struck at one of the New World mints under Philip V — before Jamaican colonial authorities countermarked it for local circulation. Britain's Caribbean colonies routinely suffered chronic shortages of official sterling coinage throughout the eighteenth century, forcing governors to authorize foreign specie for domestic use by stamping it with local validation marks.

Philip V died in 1746, which places the host coin's manufacture somewhere in the first half of the century before Jamaica's 1758 countermarking. The KM#11.2 designation distinguishes this countermark variety from related issues in the series.

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