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1 Shilling 8 Pence - George II PHILIP V D G HISPAN ET IND REX, Mexico City, countermarked

Issuer Jamaica
Year 1758
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Technique Milled, Counterstamped
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Obverse description The obverse displays the original Spanish colonial design of a 2 Reales cob-style milled coin struck under Philip V at the Mexico City Mint, featuring the crowned royal arms of Castile and León at center, heavily obscured by a large circular Jamaican counterstamp applied in the field. The surrounding legend reads PHILIP·V·D·G·HISPAN·ET·IND·REX, partially visible around the coin's milled border. Floral rosette separators punctuate the legend. The coin bears a small rectangular hole, likely for suspension, visible at the lower left rim. The overall surfaces show considerable wear consistent with extended circulation.
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Obverse lettering PHILIP·V·D·G·HISPAN·ET·IND·REX
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Additional information

Jamaica's chronic shortage of small silver coinage in the mid-eighteenth century led the colonial authorities to authorize the countermarking of foreign Spanish-American pieces for local circulation at fixed values. This particular issue — a Spanish colonial two-reales from Mexico City, struck under Philip V — was countermarked under a 1758 proclamation assigning it a value of 1 shilling 8 pence sterling, a rate calculated to keep the coins in Jamaica rather than draining back into trade channels.

The KM#4.2 designation distinguishes Mexico City-struck hosts from other mint sources in the series. Philip V died in 1746, meaning any host coin bearing his name had already spent years in circulation before the countermark was applied.

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