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Research Coins: Feature Auction

Sale: Triton V, Lot: 2467. Estimate $4000. 
Closing Date: Wednesday, 16 January 2002. 
Sold For $4000. This amount does not include the buyer’s fee.

Elizabeth I. 1558-1603. AR Eight Testerns (26.99 gm). 1600-1601. Crowned arms, Crowned E R to either side; mintmark: 0 / Crowned portcullis. Seaby 2607A. Attractively toned VF. Very rare. ($4000)

For use by the 'Company of Merchants of London trading into the East Indies'. These coins, struck in denominations of 1,2,4 and 8 testerns, were a very short-lived attempt to devise a currency for the East India trade in competition with the Spanish reales. The coinage was unsuccessful in displacing the Spanish and quickly disappeared.