George III Half Guinea variant query

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Hi,

Firstly, I know nothing about coins!

I have this battered little “spade” half guinea thing, which looks like it's been used as a pendant. I can see one similar on eBay with the pendant ring still in place (was this a thing to turn these into pendants?). I can see also there were gaming tokens that were made to look like these with different inscriptions, but this one looks authentic, yet different to everything else I've seen.

This one has the lettering J·W·REX·F·D·B·ET·L·D·S·R·I·A·ET·E

I haven't seen that elsewhere.

Why is the first part of the lettering different? And why, towards the end is there no ‘T’ (for Arch-Treasurer)?

Dated 1790, around 20mm diameter.

Very curious about this thing. And of course, is it worth anything?

Thanks in advance.

Gordon

 

Have a look at number 121: 

 

https://www.britnumsoc.org/publications/Digital%20BNJ/pdfs/1963_BNJ_32_15.pdf

Nice catalog by mrbadexample 

 

There is a bunch of those counter tokens on Numista catalog

https://en.numista.com/catalogue/index.php?r=spade+guinea&st=150-149&cat=y&im1=&im2=&ru=&ie=&ca=3&no=&v=&a=&dg=&i=&b=&m=&f=&t=&t2=&w=&mt=&u=&g=&se=&c=&wi=&sw=

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