CNG 99, Lot: 969. Estimate $500. Sold for $700. This amount does not include the buyer’s fee.

BELIZE, Colonial (as British Honduras). George III. 1760-1820. AR Dollar – 6 Shillings 1 Pence (39.5mm, 26.91 g). Struck circa 1810-1818. Crowned GR in square cartouche countermarked on a Mexican 8 Reales dated 1818 Mo JJ. Pridmore 1; KM 1.3. Countermark VF. Host coin Fine, toned.

The principal trade items of the early days of British Honduras were steel cutlass blades, generally stamped with GR. Later on, local officials countermarked numerous Spanish-American 8 reales with this same stamp in an attempt to transition the natives to a monetary economy.