The Bank had attempted to circulate the dollars by countermarking the coins on the side showing the Spanish king with a small image of George III, but the public was reluctant to accept them, in part due to counterfeiting.
Banken havde forsøgt at sætte de spanske mønter i cirkulation ved at overstemple den side, som viste den spanske konge med et lille portræt af George 3., men publikum tøvede med at acceptere dem, til dels på grund af falsknerier.