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1689 mg03917 1689 mg03917r

KM-95 variety, James II type.

A neat issue with an interesting story behind it.

King James II of England was deposed and fled to France in 1688. In 1689 he surfaced in Ireland in an attempt to reacquire his throne. Short of money, he issued a series of coins struck in base metal to pay for the supplies he needed. These coins are known as ‘gun money’ because legend has it that they were struck on planchet stock produced from melted down cannons.

The coins are dated by year and month based on James’ commitment to redeem them (one month’s allotment at a time) for proper precious metal coins after he was back in power.

Alas, with his defeat at the Battle of Boyne in 1690, James II lost his bid to reascend to the throne and the coinage issue became worthless (except to collectors, a few hundred years later).

And while we have handled a few pieces of gun money in high grade through the years, this is the most perfect, wholesome, original, golden brown, evenly struck example we have ever encountered.

SOLD

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1689 mg03917s

Coin #: 216583  |  Cert. #: 26773392