JAMAICA. British Colony. 5 Pence, ND (1758). George II. PCGS EF-40 Gold Shield.
KM-3.1; Prid-8; KM-51 (host coin). A "GR" counterstamp on a Lima (Peru) 1755-LM JM/D 1/2 Real. Issued by local Act of 18 November 1758. The stamp is well placed and clear on both sides, while the host coin is well detailed and toned a pleasant gray. According to brilliant author and collector Major Fred Pridmore the above stated act which raised the value of dollars to 6 Shillings 8 Pence was a futile one. The local populace passed all silver dollars, stamped or unstamped, at the prevailing rate. The act called for the amount of £100,000 to be stamped, but only £12,000 were re-validated before abandoning the project in 1759. When the home authorities received copies of the act, it was immediately repealed and for exceeding his powers for the approval of the act, the Governor of Jamaica was censured.
Estimate: $400.00- $500.00