Description: 1787 Great Britain 1 ShillingNGC XF45Hearts and StopsKM#607.2, Sp#3746 Australian Proclamation Coins In 1800, the Governor of the Colony of New South Wales issued a proclamation fixing the values of certain circulating coinage. This was known as the 'Proclamation' and it was done in an effort to retain coinage in the fledgling colony and stop it being removed by traders. When you think about the young colony of New South Wales in 1800, it would have produced very little in the way of manufactured goods, so the vast majority of these would have been brought into the colony by ship borne traders, who upon selling their goods for hard currency would have left taking the currency with them. This of course led to constant shortages in circulating coinage. To try to combat this Governor King proclaimed that certain circulating coinage would have a value above the actual intrinsic or circulating value of the coin itself. So for example, the 1787 Great Britain Shilling was proclaimed to have a value of 1 shilling and 1 pence. Of course, with a higher accepted value the coinage was much more likely to stay within the colony than to be removed by traders, and in addition extra currency was likely to be spent in the colony by traders because of it's extra buying power. The coins mentioned in the proclamation (and their nominated value) are listed below: Great Britain, Gold Guinea, 1£ 2s Portugal, Gold Johanna, 4£ Portugal, Gold Half Johanna, 2£ India, Gold Mohur, 1£ 17s India, Gold Pagoda, 8s India, Silver Rupee, 2s 6d Spain, Silver 8 Reales, 5s Netherlands, Gold Ducat, 9s 6d Netherlands, Silver Guilder (Gulden), 2s Great Britain, Silver Shilling, 1s 1d Great Britain, Cartwheel Copper Penny, 2d Values shown are in pounds, shillings, and pence. So for example, the Netherlands Gold Ducat was proclaimed to be worth 9 shillings and sixpence. Features: Issuer: United Kingdom (United Kingdom, British Overseas Territories and Crown Dependencies) and Australia King: George III (1760-1820) Type: Standard circulation coins Years: 1787-1798 Value: 1 Shilling (1⁄20) Currency: Pound sterling (1158-1970) Composition: Silver (.925) Weight: 6.02 g Diameter: 25 mm Shape: Round Technique: Milled Orientation: Medal alignment ↑↑ Demonetized: Yes Number N#: 13154 References: KM# 607, Sp# 3743-7 Compliments of Numista .com SHIPPING: All orders sent with tracking. We are glad to combine shipping at $2 per item after initial shipping charge. First item is $5 shipping, after that $2 each. Priority Mail: $10.00 then $2 per item. Thank you for looking at my items.
Price: 235 USD
Location: Kiln, Mississippi
End Time: 2024-12-17T01:39:24.000Z
Shipping Cost: 5 USD
Product Images
Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Circulated/Uncirculated: Circulated
Composition: Silver
Year: 1787
Certification Number: 6341275-007
Fineness: 0.925
Grade: XF 45
KM Number: 607.2
Country/Region: England
Country/Region of Manufacture: United Kingdom
Certification: NGC
