1062945 | FRENCH COLONIES. Louis XV. 1720-A AR 20 Sols, 1/6 ECU. NGC MS61. Paris. LUD · XV · D · G · FR · ET · NAV · REX ·. Young bust right; (dog) below bust / SIT NOMEN DOMINI BENEDICTUM. Crowned double L monogram. KM 453; Jones 1593.
Ecu Coinage. Livre de la Compagnie des Indes.
Ex John Law collection (Lot 19 - The Fifteenth Annual C-4 Convention Sale, Nov. 21 2009, $3250 hammer) . Includes original collector's ticket.
Please use this link to verify the NGC certification number 6054670016
This piece was used extensively in Louisiana and Canada. John Law had purchased the right to produce coins for his Compagnie des Indes (also known as the Mississippi Company) from the French government. He also produced paper money and bonds in ever-increasing numbers in the 1720-1 period. Wild inflation came about, and a financial collapse was the result, known today as the Mississippi Bubble.