This shilling is dated 1723 and was minted under the reign of King George I.
The use of alternate SS C in the angles of the reverse indicates that the silver used to mint this shilling was supplied by the South Sea Company.
This coin has been slabbed by CGS and states that there is a C over SS in the third quarter angle.
There are also slightly different obverses and reverses used for other 1723 shillings. These include, the French Arms at the date and the second draped bust of George I being used for the obverse. The reverse variations include, roses and plumes in the angles instead of SS C and plumes and CC in angles for Welsh Copper Company.
This coin is graded by London Coin Grading Services as a UNC 80. This is the equivalent to an MS 64 on the American Scale.
The South Sea Company discovered silver in Indonesia which they sold to The Royal Mint to help them claw back their losses after overpricing shares and creating the South Sea Bubble. The Royal Mint then used this silver to mint Crowns, Half Crowns, Shillings and Sixpences in 1723.
This SSC shilling is in coin alignment.
Spink Reference - 3647
The obverse shows the first draped bust of George I facing right with two ends of the wreath not in bows. (The second bust of George I shows one end of the wreath in a bow). This first draped bust also shows more loose curls.
The legend reads "GEORGIVS DG M BR FR ET HIB REX FD"
The reverse shows four crowned shields which create a cruciform. The reverse uses the "After Union" design where both England and Scotland share a shield. Before the Act of Union, there would have been a shield for each England and Scotland.
In the angles the letters SS and C alternate. SSC stands for South Sea Company.
The legend reads "1723 BRVN ET LVN DVX S R I A TH ET PR EL".
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