Lot 1120
George II (1727-60), gold Five Guineas, 1729 E.I.C. Initials of the East India Company below young laureate head left, GEORGIVS. II. DEI. GRATIA, rev. crowned quartered shield of arms, date either side of crown, M.B.F. ET. H. REX. F.D. B. ET. L. D. S R. I. A. T ET. E. edge inscribed in raised letter and dated, +DECVS. ET. TVTAMEN ANNO. REGNI. TERTIO, inverted N's in ANNO, weight 41.71g (MCE 279; S 3664; Fr 333; KM 571.2). Some light surface marks, in PCGS holder graded AU 58, a one year only type. Estimated Value $50,000
Ex: Purchased from A H Baldwin and Sons Ltd Summer 2008.
PCGS certification 34313453. The East India Company provided quantities of gold bullion to the Royal Mint to strike coinage with their provenance mark "E.I.C." at various times in the reign of King George II. This was to enable them to have the right to export the finished coinage overseas to further facilitate their trade, when there was an export ban on British coinage for all others. The edges of these spectacular gold coins carry an inscription translating as an "ornament and a safeguard" a warning against the old practice of clipping with a further statement that this coin was issued in the third year of the King's reign.
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