 John Law. Credit Is As Dead As A Rat, 1699. B-unlisted (obverse of 116); B-unlisted (obverse of XXV). Unsigned. Silver. 26.3 mm. 107.8 gns. Obverse: A man dead on the ground his wallet of now worthless letters of credit lying beside him inscribed WEXEL. Reverse: An empty suit of clothes seen from behind with date 1699 (MDCIC) on the waist. Choice Extremely Fine. Bright surfaces, light toning. This reverse not in either Betts but clearly one of the larger Mausse-todt series that extends in date back to 1699, now. The process that inspired this series should be searched there. It lasted in the public mind at least until 1702 and the obverse type was potent enough still to have relevance in 1707.
Ex Munzhandlung Schulten u. Kompanie on October 2, 1988, lot 2753.
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