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To alleviate the shortage of silver coins, between 1797 and 1804, the Bank of England counterstamped Spanish dollars and other Spanish and Spanish colonial coins for circulation. A small counterstamp of the King’s head was used. Until 1800, these circulated at a rate of 4/9d for 8 reales. After 1800, a rate of 5/– for 8 reales was used.

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