From Gold from the Darien Company
Ex Garrett Collection

CNG 100, Lot: 1099. Estimate $7500. Sold for $18000. This amount does not include the buyer’s fee.

SCOTLAND. William II (III of England). 1694-1702. AV Pistole (24mm, 6.84 g, 12h). Edinburgh mint. Dated 1701. GVLIELMVS DEI · GRATIA ·, laureate head left; below, sun rising over ocean / MAG BRIT · FRA · ET · HIB · REX · 1701 ·, crowned coat-of-arms; crowned W R flanking. Burns 1 (fig. 1078); SCBI 35 (Ashmolean & Hunterian) 1731-2; SCBC 5676. VF, nicks and marks. Rare.

From the collection of Dr. Lawrence A. Adams. Ex John Work Garrett Collection (Part II, Leu/Numismatic Fine Arts, 16 May 1984), lot 1109 (purchased from JWG Raymond, 21 April 1924).

Struck from gold dust imported by the Darien Company from South Africa. As much as half of all money circulating in Scotland had at one time backed the company, which met with disaster when attempting to establish a Scottish colony in Panama.