CNG 100, Lot: 1100. Estimate $4000. Sold for $8500. This amount does not include the buyer’s fee.

SCOTLAND. William II (III of England). 1694-1702. AV Half Pistole (19mm, 3.42 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 2 (fig. 1079); SCBI 35 (Ashmolean & Hunterian) 1733-4; SCBC 5677. Good Fine, orange toning, flan flaw and mark behind head. Rare.

From the collection of Dr. Lawrence A. Adams. Ex Stack’s (8 April 1989), lot 421.

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.