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Historical Background
Scotland. Countermark “J.& J.W. HURLET 5/-”, with a triangle of three dots outside the countermark, applied between 1811 and 1823 to the obverse of a 1795-FM 8 reales struck in Mexico, for circulation at a value of 5 shillings. (Manville-64a). (KM-CC63). (Davis-104a). Attractive cabinet toning.
Only four other specimens of this countermark are known on Mexico City mint coins, with dates grouped between 1796 and 1799. Extremely rare.
Slabbed by PCGS as VF Details, Graffiti; C/M: AU Standard.
This countermark was applied by the Hurlet Copperas Co., a mining and chemical company involved in coal, under the direction of the Scottish industrialist John Wilson.
It served to ensure that foreign coins could circulate locally and be accepted as legitimate payment for wages or goods within the company’s mining community, at a time of severe shortage of official silver in the United Kingdom and coinciding with the restructuring of the ownership of the Hurlet works estate . Est...5000,00.
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