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Latest UK contempory forgery 1771

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That is what was known as an evasive or an evasion piece. It isn't strictly a counterfeit because the law at the time defined a counterfeit as a being a false coin made to appear exactly like a regal coin. In order to get around or "evade" the counterfeiting laws, they would make coins with the wrong monarch, or inscriptions that were different than those on the regal coins but which would look similar to the mostly illiterate population. In the case of the piece here instead of Georgius III Rex it says George Rules. The reverse instead of Britainia says Delectandus. This piece is cataloged in Cobwright as G.0290/D.0020 Or in Atkins as #163

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