Moneta
Registered: August 2005
Location: Arizona USA
Posts: 2,365
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From here on down the list of host coins they become very scarce - I've never seen individual coins, scarcer than this Yemen host, for sale. The unusual history of how these special issues came about has finally been revealed in Krause publications "World Coin News" for Jan 2015.
ANGUILLA: British Territory, AR liberty dollar, 1967, KM-X4.2, Referendum on Anguilla's Secession, counterstamped on Yemen silver riyal 1963, EF. These counterstamped coins, "Anguilla Liberty Dollar, July 11, 1967 ", were made by Scott Newhall, then-editor of the San Francisco Chronicle. Always on the lookout for a zany antic to splash across the editorial pages of the Chronicle, Newhall embraced the so-called Anguillan revolution of 1967. To facilitate commerce for the revolutionaries, Newhall, an avid coin collector, took 11,600 dollar-sized silver coins and counterstamped them in the basement of the Chronicle building in San Francisco. The idea was Newhall would be recompensed for his actual costs, and the new Anguillan government would sell the coins to collectors at a surcharge and keep the profits. It bombed. Just 2,000 to 3,000 were put into commerce, and Newhall was stuck with the balance of the defaced coins, which he eventually sold for the melt price of silver. Many more were melted in the following years and they are now becoming scarce.
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