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Historical Background
Scotland. Circular countermark “JOHN MORRIS·PAISLEY· 5/3”, deep and very well detailed, applied between 1814 and 1815 to the obverse of an 1806-TH 8 reales struck in Mexico under the reign of Charles IV, for circulation at a value of 5 shillings and 3 pence. (Manville-82). (KM-CC86). Attractive toning. Extremely rare.
Slabbed by NGC as XF 45, C/S: AU Strong (Top Pop), the finest known in the NGC census.
The issuer, John Morris, was a merchant or industrialist active in Great Britain during the height of the Industrial Revolution. As with other early 19th-century British private countermarks, including those of Hurlet, his mark was applied to foreign silver coinage in circulation, chiefly Spanish 8 reales or “Spanish Dollars”, in order to validate these pieces for local use in wage payments and commercial transactions.
Although the host coins generally correspond to issues of the late 18th or early 19th century, this private commercial countermark was applied circa 1814-1815, in the context of the shortage of circulating silver and the monetary pressures caused by the Napoleonic Wars. At that time, the lack of official specie and inflation led to the revaluation of these dollars from the traditional 5 shillings to 5 shillings and 3 pence, the value indicated by the countermark itself. Est...5000,00.
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