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Country: New York
Type: No Regal, Evasion coin (Machine Mills)
Years: 1787
Value: 1/2 Penny = 1/24 Shilling (1/480 LSD)
Metal: Copper
Weight: 6.5 g
Diameter: 27 mm
Grade: VF20-F15
Orientation: Coin alignment ↑↓
References Vlack#17-87a
Obverse:
Laureate and cuirassed bust of King George III facing right, legend around.
Lettering: GEORGIVS· III· REX·
Translation: King George the Third
Reverse:
Seated figure of Britannia facing left, trident in left hand, olive branch in right, shield with Union flag resting on left, legend around, date in exergue.
Lettering:
BRITAN NIA·
1787
Edge:
Plain
Comments:
As related in the section on the Machin's Mills patterns, on March 3, 1787 Thomas Machin entered the competition for the New York State coining franchise. About six weeks later, on April 18, 1787, the state legislature decided to reject all the petitions and abandon the idea of a mint. On that same day Thomas Machin signed an indenture (a contract) with five partners to form a company to mint coins. This act has sometimes been thought to be a last minute effort to win the approval of the state board however it may represent Machin's backup plan, that is, his attempt to form of a private minting partnership in the light of the official cancellation of the state competition.
Fonte : https://coins.nd.edu/ColCoin/ColCoinIntr...
Collezione : US Colonial Issues, Tokens USA & North America (1616-date)