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Live auction - fwo_495411 - MARTINIQUE Moco ou 3 escalins 1797

MARTINIQUE Moco ou 3 escalins 1797  AU
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All winning bids are subject to a 18% buyer’s fee.
Estimate : 600 €
Price : 420 €
Maximum bid : 420 €
End of the sale : 11 September 2018 18:20:07
bidders : 4 bidders
Type : Moco ou 3 escalins
Date: 1797
Quantity minted : -
Metal : silver
Diameter : 26 mm
Orientation dies : 12 h.
Weight : 6,18 g.
Edge : décorée
Coments on the condition:
Bords dentélés. La pièce est couverte d’une patine homogène
Catalogue references :

Obverse


Obverse legend : [...] DEI. G [...].
Obverse description : Buste lauré à droite de Charles IV.

Reverse


Reverse legend : [...]. F. M.
Reverse description : Armes de l’Espagne.

Commentary


Monnaie produite à partir d’un quart de pièce de 8 reales de l’atelier de Mexico, à l’effigie de Charles IV d’Espagne.

Historical background


MARTINIQUE

Initially populated by the Arawaks and then by the Caribbean, Martinique was discovered in 1502 by Christopher Columbus on his fourth voyage. In 1635, a first colony was established there in the name of the King of France and the Compagnie des Îles d'Amérique. The extension of the plantations led to the eradication of the indigenous Arawak populations. Towards the middle of the 17th century, the tobacco crisis ruined the small white planters and permanently installed an economy based on the monoculture of sugar cane in the hands of rich planters. Those in search of cheap labor turn to slavery. Between 1794 and 1802, then between 1809 and 1814, the Island was occupied by the English. In 1848, slavery was abolished. Planters then resort to indenture. Competing with beet production, this mono-industry was in crisis at the end of the 19th century. In 1902, the eruption of Mount Pelée completely destroyed the town of Saint-Pierre, killing 30,000 people. In 1946, the Island became an Overseas Department.

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