1080314 | UNITED STATES, Colonial & Related. France. Louis XV. 1720-A AR 1/3 Ecu. NGC AU58. Paris. LUD · XV · D · G · FR · ET · NAV · REX ·. Young laureate bust right / CHRS · REGN · VINC · IMP *. Crowned back to back L's in cruciform, fleur-de-lis at angles. KM 455.1.

John Law issue.


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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.