1798 George III Gold Third Guinea 1/3G - Certified NGC MS61, Extremely Fine. Sincona Pedigree

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When it was introduced in 1797, during the French Revolutionary wars, the financial situation at the Bank of England was precarious: gold was in short supply and banknotes were given legal tender status in any amount. In order to pay the Bank's dividends it was decided to produce what at the time was known as seven-shilling pieces,

George III (1760-1820), gold Third Guinea, 1798, first type, first laureate head right, Latin legend and toothed border surrounding, GEORGIVS III DEI GRATIA. rev. large crown, date in legend surrounding commencing at lower left, . MAG. BRI. FR. ET. HIB. REX. weight 2.80g (MCE 450; S.3738). Good extremely fine.

The Latin legends translate as on obverse "George III by the grace of God" and on the reverse "King of Great Britain, France and Ireland