Regulated "Gold Joe"

Date1759

Mint Rio de Janeiro Mint

Regulated by Thomas Underhill

OriginSouth America, Brazil, Rio de Janeiro

MediumGold

DimensionsDiameter: 31 mm Weight: 218.4 grains

Credit LineGift of the Lasser Family

Object number2004-8,45

Label TextGold coins were extremely scarce in 18th century America, and many were too light. Since the value of a particular piece depended on it having precise amount of precious metal, American goldsmiths and silversmiths found clever ways to bring underweight coins up to par.

A hole was punched through this piece and a gold plug, of a predetermined weight, was peened (or riveted) into place, thus accomplishing the task. To signify the job was properly done, well known New York City silversmith Thomas Underhill symbolically approved the piece by striking his mark directly over the plug. The legal process of altering the weight of a coin was known as "regulating."
Markings"TH" mark of Thomas Underhill struck durectly over the plug in the center of the coin.
ProvenanceBaldwin's (10-7-96, lot 207)

Exhibition(s)