1071504 | FRANCE. Louis XV. 1720-A AR 20 Sols, 1/6 Ecu. PCGS XF45.
Paris. LUD · XV · D · G · FR · ET · NAV · REX ·. Young bust right /
SIT NOMEN DOMINI BENEDICTUM. Crowned double L monogram. KM 453; Gadoury 296; Duplessy 1663.
Ecu Coinage. Livre de la Compagnie des Indes.
Ex Donald G. Partrick Collection. Includes original collector's envelope.
Please use this link to verify the PCGS certification number 44389857
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.