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BG02036
Gold Recoinage, 1775.
George III, Gold Recoinage, 1775, Copper Medal by John Kirk, bust of George III right, GEORGIUS . III. DEI. GRA. MAG. BRI. FRA. ET. HIB. REX, rev. Britannia seated left, holding scales and cornucopia, AVRI SACRVM PONDVS, in exergue, RE. NVMMARIA BENE CONSTITVTA MDCCLXXV, 42mm (BHM 202; Eimer 762). Good extremely fine, rare in copper.
This is the medal illustrated in 'Coinage and Currency in Eighteenth-Century Britain: the Provincial Coinage' by Dykes, D.W.
Clipping and counterfeiting of gold coinage had become such a problem that in 1775 Parliament granted the Bank of England funds to recall and replace deficient gold coins; it is not dissimilar to the reason we have a brand new £1 coin this year.