Grenada, ——— Nine Shillings, PORTUGAL, John V, 800 Réis, 1732, obv. centrally countermarked with incuse g, 1.74g/26.8gr/1.11 dwt (Gordon –; Prid. –). Coin about fine, countermark very fine, of the highest rarity; only one other specimen recorded £1,000-1,500

This lot was sold as part of a special collection, The Collection of Cut and Countermarked Coins formed by the late Edward Roehrs.

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Provenance: Bonhams Auction, 26 March 1996, lot 366.

The Grenada Proclamation of 31 July 1798 states that ‘Joes weighing 8½ dwt or more should be worth 72 Shillings currency and be countermarked with a g in the centre on the face side, while those weighing between 7½ dwt and 8½ dwt should pass for 66 Shilllings and should be countermarked with 3 gs near the edge, also on the face side. Joes weighing less than 7½ dwt but more than 6 dwt could be plugged up to the standard. These were marked with the 3 gs near the edge and the initials of the goldsmith on the plug. ‘Aliquot parts’ of the Joe were to be treated in proportion.’ (Gordon, p.58). The weight of this specimen places it in the upper category and accordingly it would be valued at one-eighth of a joe (72 shillings) or 9 shillings