George I 1723 SSC Silver Shilling Uncirculated

George I 1723 SSC Silver Shilling Uncirculated

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  • Struck during the reign of the first British king of the House of Hanover – George I (1714-27).
  • Features ‘SSC’ inscribed on the reverse – denoting the supplier of the silver, the South Seas Company.
  • The South Seas Company was at the heart of one of the most dramatic political scandals of the 18th century – find out more below!
  • Offered in strictly Uncirculated quality – very scarce as such.
  • A key British type, and surprisingly affordable given its rich history.

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South Seas Scandal Silver!

A coin with a truly fascinating tale to tell, the 1723 SSC Silver Shilling was born of one of greatest political scandals of 18th century Britain – the South Seas Bubble of 1720.

Granted a trade monopoly to export slaves to the South Seas and South America, the South Seas Company grossly exaggerated its potential, and engaged in insider trading. With the scheme in part facilitated by huge bribes given to British politicians, the Company’s share price rose dramatically. King George I himself, and his son, Prince of Wales and the future King George II, had large holdings in the company.

When the lies and corruption were revealed in 1720, however, the bubble burst. The share price plummeted, thousands of investors were ruined, and the British economy suffered greatly due to the puncturing of public confidence in the financial system. Many English politicians were impeached for corruption, and it was only due to the efforts of First Lord to the Treasury, Robert Walpole, that the Hanoverian Dynasty was rescued from complete disgrace.

The 1723 SSC Shilling of King George I stands as a remarkable and genuine artefact of this tumultuous time. The silver the Royal Mint used to strike the coins was purchased from the desperate remains of the South Seas Company, which was on the point of collapse when it discovered silver in Indonesia in 1722. To denote the origin of the silver, the Royal Mint incorporated ‘SSC’ on the reverse, which is actually a little surprising given that the South Seas Scandal had occurred just three years before.

An intriguing and highly distinctive type, sought after as much for the history as for the beauty, the 1723 SSC Shilling is very scarce in Uncirculated condition, as here. Don’t miss this sensational opportunity – click add to cart now!

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Country of IssueUnited Kingdom
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