This coin was probably struck as a proof. Under George II the same denominations of coinage appeared as in previous reigns since the coinage reform of 1662. The elephant, or elephant and castle no longer appear on the obverse. In 1729 the initials E I C appeared below the head on some of the five guineas, and on the guinea and half guinea of other dates. These signify that the coins were struck for the East India Company, or from gold sent by that company for coining at the Royal Mint.