LOT Old Heritage Auctions  /  2007 Sept Long Beach Tokens & Medals Auction  / 

81581

(1811-15) Planters Bank Counterstamp, HT-125

Currency:USD Category:Coins & Paper Money Start Price:900.00 USD Estimated At:3,600.00 - 5,400.00 USD
(1811-15) Planters Bank Counterstamp, HT-125
<B>(1811-15) Planters Bank Counterstamp, Low-82B, HT-125, R.6.</B></I> Weight: 5.62 grams. The host coin is one-fourth of a worn Spanish or Spanish colonial eight reales. Circulating counterfeit Spanish silver inspired this rare variety. The Planters Bank put their mark or chop on the piece to attest to its bullion value. The counterstamp on this piece is razor-sharp, and is free from marks or corrosion. A more impressive example of this counterstamp can hardly be imagined. For many years, collectors thought the initials P B referred to Peuch Bien Co. of New Orleans. It is only in recent years that the connection to Planters Bank was made. There was a shortage of quarters in the South until 1815, and these two-bit segments served as the equivalent of a quarter. Although issued well before the Hard Times period, they are collected in the Hard Times series. The token is out of the NGC holder, but the sticker is included. This was lot 5850 in our September sale, where it brought approximately $6000.<BR><I>Ex: The Troy Wiseman Collection.</B></I><BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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