Heritage World Coin Auctions > Showcase Auction 61372Auction date: 19 February 2024
Lot number: 22128

Price realized: 150 USD   (Approx. 139 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Honduras
Republic Provisional Peso 1862 T-A AU55 Brown NGC, Tegucigalpa mint, KM24. Dots separate legends. An unknown quantity was struck in London, England, despite the Tegucigalpa mint mark. The Peso denomination appears less frequently at auction than the accompanying 2, 4, and 8 Pesos issues.

https://coins.ha.com/itm/honduras/honduras-republic-provisional-peso-1862-t-a-au55-brown-ngc-/a/61372-22128.s?type=DA-DMC-CoinArchives-WorldCoins-61372-02192024

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Match 1:
Heritage World Coin Auctions > Showcase Auction 61372Auction date: 19 February 2024
Lot number: 22130

Price realized: 180 USD   (Approx. 167 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Honduras
Republic Provisional 2 Pesos 1862 T-A MS61 Brown NGC, Tegucigalpa mint, KM25. Dots separate legends. An unknown quantity was struck in London, England, despite the Tegucigalpa mint mark.

https://coins.ha.com/itm/honduras/honduras-republic-provisional-2-pesos-1862-t-a-ms61-brown-ngc-/a/61372-22130.s?type=DA-DMC-CoinArchives-WorldCoins-61372-02192024

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Match 2:
Ira & Larry Goldberg Coins & Collectibles > Auction 137Auction date: 29 January 2024
Lot number: 1202

Price realized: 200,000 USD   (Approx. 185,240 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Netherlands East Indies (modern Indonesia), silver Crown, or Kroon (also called the Daalder worth 48 Stuivers), 1645. Scholten 12; Bucknill 39; Maillet, pl. xiii, 1; Catalogus Bataviaasch Genootschap 34 (this coin); Dav-415; KM-34, and p.895, this coin. 26.02 grams. struck in Batavia (capital of the Dutch East Indies) for the Netherlands East India Company. Obverse displays an upright sword, the blade over a wreath. Outside of a circle of dots, the legend in Latin reads BATAVIAE ANNO 1645. The reverse side is dominated by the company's monogram, VOC, and above it is the "face" value of 48 Stuivers, all encircled by a ring of dots, outside of which are four arabesques. Look closely and you will see the Museum of Batavia's institution number "34" lightly inked in the obverse field to right of the sword handle. Deeply toned. Of the Highest Rarity! The finest of six known specimens. The only one put into a PCGS holder. PCGS graded About Uncirculated Detail (Tooled);. Estimated Value $50,000 - UP
Dutch traders arrived in what was known as the East Indies in 1596. Their presence was powerful and they succeeded in pushing out all the Portuguese traders and settlers, within a few years gaining control of the numerous islands that are today's Indonesia under the flag of the East India Company. To combat the shortage of useful money in the now-Dutch territory, by 1601 they were issuing silver coins in sizes much like United States' dimes, quarters and half-dollars, and to a lesser extent larger coins roughly of the size of the silver dollar. As trade coins, these were respectively known as ¼ Real, ½ Real, Real, 2-Reals, and 8-Reals. The Dutch called them Daalders and their fractions (in Stuivers). They were all cast locally. They were impressive-the first round coins seen in the Orient. The largest first coins (8-Reals) quickly gained popularity among Muslim merchants because of their solid intrinsic value. Least made near the end of the VOC's control of the area was the gigantic 48-Stuivers in 1645, replacing the earlier 8-Reals. All were withdrawn circa 1647 because, being cast, they were easily counterfeited-explaining the great rarity of this largest coin. Most were undoubtedly melted, their silver made into other coins.
During its impressively influential history of nearly 200 years, the Dutch East India Company (or Verenigde Oostindische Compagnie-VOC) grew to become the largest organization of its kind, and one of the most profitable, by trading in spices like nutmeg, cloves, cinnamon, pepper, and other then-scarce and coveted consumer products such as tea, silk, Chinese porcelain and especially coffee. The VOC came to dominate the Eastern spice trade. They accomplished all this while in competition with, among others, the English East India Company (EIC). Seen here is their rarest issue-the ultimate memento of their enterprise and the first silver dollar-sized coin minted for trade in the Orient!


Excerpt from Jacques Schulman letter:

Amsterdam, August 29th. 1986

"Speaking of rarety: Only 6 pieces of this coin are known:
1. In the Royal Coin Cabinet The Hague, in this collection already before 1890.
2. A museum in Rotterdam from our auction 1951 originally from the Rijnbende collection (1890).
3. Baldwin London bought a specimen in our november 1960 sale which originated from the Moquette collection, our sale May 1929. I have no record as to where this piece is at the moment.
4. The specimen from the Stephanik collection (sold in 1904). All coins of the Dutch East Indies were sold as one lot, the buyer however is unknown to us.
5. The Ran Zander specimen, the origin of which is not known to me.
6. This specimen. From the Museum of Batavia (hence the no. 34 in ink on the coin), and already listed in their catalogue of 1896!

Further "proof" of its rarety is the fact that such famous collectors as Virgill Brand and Garett never possesed this coin."
Ex Batavia Museum Collection (note ink #34 on obverse);
Illustrated in Money of The World, coin 110; Ex The Millennia Collection, May, 2008 lot 909, previously in a NGC EF-45 holder, price realize $115,000.

Match 3:
Heritage World Coin Auctions > Showcase Auction 61364Auction date: 17 March 2024
Lot number: 21091

Price realized: 1,100 USD   (Approx. 1,010 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Bolivia
Philip IV "Capitana" Cob 8 Reales 1649 P-Z VF Details (Sea Salvaged) NGC, Potosi mint, KM-19b, Cal-1485. 17.24gm. A bold survivor, despite surface corrosion, from the Potosi Scandal, showing a pleasing and desirable 1649 date, with traces of a possible overdate.

Organized by the assayers and other mint workers, the plan behind the "Potosi Scandal" was to reduce the purity of their coins while the thieves kept the remaining silver for themselves. The impacts were immense, even shaking Spain's reputation with the Asian trade, where merchants had the upmost trust for the Spanish Cob's silver quality. A transition of coinages occurred, full of unsuccessful attempts to uniformize the currency, one of them being the countermarking of the scandal coins with Crowned letters (or crowns alone), reducing the 8 Reales to 7 1/2 Reales. To set in stone the "New Potosi mint", a new style of Cobs was created (Pillars and Waves) and the scandal coins, countermarked or not, were to be re-melted/destroyed.

The wreck of the Capitana, or the lead ship of the Spanish South Seas (Pacific) Fleet, would become the largest loss ever experienced by the Spanish armada. After striking the Punta Santa Elena reefs, The Jesus María de la Limpia Concepción lost a reported 3,000,000 pesos of silver, extended to a total of approximately 10 million pesos when considering the un-recorded contraband and treasure aboard. Sadly, due to the unregistered cargo that was stored atop the anchor cables and foredeck, the crew was unable to use the anchors for safe stoppage. For context, the entire annual silver production in Peru was around 6-7 million pesos, suggesting that the Concepción was carrying almost one and a half years of peso production. For eight years after the wreck, the Spanish managed to salvage a vast majority of the lost 'official' 3 million pesos and would later recover even more coins, causing a scandal due to the mismatch of monetary records. Ironically, and sadly, the main salvager of the wreck was the Concepción's silver master, Bernardo de Campos, who is blamed for the overload of unregistered contraband that contributed to the ship's tragedy. The lowest deck would be unreachable until modern divers and salvaging equipment were used during the mid-1990s. After equally splitting the recovered coins with the Ecuadorian government in 1998, officially around 2,500 coins would appear at auction in 1999. These were almost exclusively Potosí 8 and 4 Reales that were in excellent condition, including countermarked issues (1649-1652), transitional issues of 1652, and post-transitional pillars-and-waves cobs (1653-1654).

https://coins.ha.com/itm/bolivia/bolivia-philip-iv-capitana-cob-8-reales-1649-p-z-vf-details-sea-salvaged-ngc-/a/61364-21091.s?type=DA-DMC-CoinArchives-WorldCoins-61364-03172024

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Match 4:
Heritage World Coin Auctions > NYINC Signature Sale 3113Auction date: 8 January 2024
Lot number: 31206

Price realized: 19,000 USD   (Approx. 17,320 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Honduras
Republic gold 10 Pesos 1883 AU50 NGC, Tegucigalpa mint, KM58, Fr-5. A most appreciable and desirable date and denomination from Honduras. The 10 and 20 Pesos issues of 1883 remain as absolute rarities, seen at market once every few years despite a group of 13 pieces uncovered in the early 2000s. One of only four pieces have been witnessed in the last decade with each in comparable preservation. However, this example is one of the nicer coins from the recently uncovered group and thus represents an important numismatic item, one which is virtually unattainable to most collectors.

The aforementioned group of thirteen 1883 10 Pesos were struck at a slightly later date, as was accepted and legal practice at the Tegucigalpa mint, probably as wedding tokens of a (very) wealthy groom for his future wife. This in indeed confirmed by two almost contemporary and independent reports proving that Honduras did not strike regular issue gold coins until 1888: a testimony from Mr. Consul Herring on the Honduran coinage of 1885 included in the 1888 "Report of the (United States) Director of the Mint" states that "There has never been any gold coined in the country" while Esteban Lazo ("Historia de la Moneda en Honduras", October 16, 1888) indicates that the first gold in denominations of 20, 5 and 1 peso (note the absence of the 10 Pesos denomination) minted in "... May of this year (of 1888) were the first gold coins minted in Honduras and, as such, will represent a milestone in the story of the country". Many of the 13 pieces from the wedding dowry have been harshly cleaned, and most all have at least some evidence of light cleaning. Several have been polished, or have other similar problems.

Ex. Heritage Auction #3051 (January 2015, Lot 31192)

https://coins.ha.com/itm/honduras/honduras-republic-gold-10-pesos-1883-au50-ngc-/a/3113-31206.s?type=DA-DMC-CoinArchives-WorldCoins-3113-01082024

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Estimate: 8000-12000 USD

Match 5:
Spink > Auction 23051Auction date: 27 January 2024
Lot number: 1140

Price realized: 1,800 GBP   (Approx. 2,286 USD / 2,110 EUR)   Note: Prices do not include buyer's fees.
Lot description:


Charles I (1625-1649), Civil War Issues, Siege of Royalist Newark, Shilling, 1646, struck in gilt-silver, high-arched crown with jewelled band, dividing C-R, rev. OBS: | NEWARK | 1646 in three lines, 5.75g, 1h, (Hird 257 same dies; Brooker 1225 same dies; North 2640; Spink 3143), residual gilding in recesses as originally struck from gilt-silver as sometimes encountered on 1646-dated specie, with a subtly crease through crown and expected flaws, only good fine/fine, but very rare thus.
Provenance: ,
Fonquernie & Regnier (Coinery) Premier Auction, 29 July 2023, lot 17
, ,
To meet the urgent demands for money, a Mint had been set up at Newark. Royalist noblemen and gentlemen freely gave their flagons and drinking cups, and these were fashioned into lozenge-shaped coin - half-crowns, shillings, ninepences, and sixpences. Mrs. Markham says that "on some of them is still to be seen the pattern of the cup and salver from which they were hastily cut." This money is called "siege money" or "money of necessity." The coins bore on the obverse a Royal crown between C.R., and the value in Roman numerals ; and on the reverse " OBS. (obsidium siege), Newark," and the year 1645 or 1646, in which they were coined. They would doubtless all be struck in 1646, for the year did not alter its date until March 25th. The different varieties are described in the following paper, written by Dr. Philip Nelson, of Liverpool, and kindly placed at our service : -, ,
Coins were issued here dated 1645 and 1646. Of the former year we find pieces of the values of thirty, twelve, and nine pence ; whilst of the latter year we have in addition sixpences. The general design of these coins is the same, the obverse having within a pearled border the letters C R on each side of a crown, and the value expressed beneath in Roman numerals ; whilst upon the reverse we find the legend OBS NEWARK, with the date beneath, in Arabic figures. All the coins issued from Newark are struck upon lozenge-shaped flans, which flans were apparently cut direct from the dishes, trenchers, and other varieties of silver plate, in the town, or obtained from Royalist adherents in the neighbouring country districts. We will now proceed to consider these coins at greater length, in order to determine, if possible, their probable chronological sequence. The first piece to appear would be the shilling, which bears upon the obverse a most curiously shaped crown, the jewelled band of which is straight across the front, whilst the reverse reads OBS : NEWARKE 1645. This coin is found with the obverse struck from two separate dies, viz. : -, ,
(a) 9 dots in the left arch of the crown, 9 dots in the right arch ; C R and XII. being in thin letters. Weight, 94grains. ,
(b) 9 dots in the left arch, 8 dots in the right arch ; C R and XII. being in thick letters. Weight, 93 grains. , ,
The occurrence of two distinct obverse dies for this coin, in my opinion, disproves the theory which has been advanced that these pieces are forgeries; more especially is this the case since we find shillings and ninepences, the obverses of which are admittedly genuine, combined with the self same reverse. The second coin to appear would doubtless be the shilling with the same reverse reading, NEWARKE, but with a new obverse, the crown on which has a high arch and richly jewelled band. It weighs 87 grains. No doubt about the same time the ninepences reading, NEWARKE, would be struck, which pieces occur struck from two different obverse dies, viz. : - , ,
{a) 11 dots in the left arch, 11 dots in the right arch of the crown, which has a richly jewelled band. Weight, 69grains,
(b) 11 dots in the left arch, 9 dots in the right arch of the crown, which has a simple jewelled band. Weight, 68 grains.
, ,
Following this would be issued the shilling which reads OBS NEWARK 1645, which reading now appears for the first time. The crown upon the obverse has 10 dots in the left arch, and 8 dots in the right arch of the crown, the jewelled band of which is of a very simple character. This piece weighs 92 grains. Upon one of the shillings of this date the R upon the obverse is engraved in a retrograde manner. Subsequently the ninepence (c) which reads OBS : NEWARK 1645 would appear. The obverse die of this coin is identical with that of the ninepence previously described, and has upon the crown 11 and 9 dots in the left and right arches respectively. This coin weight 64 grains. United with the same obverse die we find another reverse die in use, the same as we find upon the half-crown of this year, which is proved by the occurrence of a small dot beneath the 4 of the date, 1645. This ninepence (d) weighs 63 grains. The last denomination to be struck in 1645 was the half-crown, the obverse of which shows us a crown with a chequerlike arrangement of jewels on the band ; whilst the reverse is from the same die as the NEWARK ninepence (d) of the same date. This coin, which weight 221 grains, is of comparative rarity, which would point to the fact of its having been struck very late in 1645, probably in March.
, ,
In regard to the coins struck at Newark in 1646, it is evident that the three higher values would be issued simultaneously, and no doubt towards the end of the siege, probably in April, the sixpence would appear, which no doubt accounts for its greater rarity. In considering the date of these coins it is necessary to remember that the year began on March 25. The issues of 1646 are as follow : -
, ,
Half-crown. - Obv. From the same die as the half-crown of 1645. Rev. : From the same die as the shilling and ninepences of 1646, as is proved by the occurrence oi a flaw in the 6 of the date. Weight, 243 grains. Shillings. -, (a) Obv. : A crown with a simply jewelled band, having 10 dots in the left arch and 8 dots in the right arch. Rev. : OBS : NEWARK 1646 in somewhat thin letters. Weight, 86 grains.,
Obv. : A crown with a richly jewelled band, having 10 dots in the left arch and 10 dots in the right arch. Rev. : OBS . NEWARK 1646 in thick letters, from the same die as the half-crown. Weight, 90 grains.
, ,
Ninepence. - (a) Obv. : From the same die as the ninepence (c) of 1645, having 11 dots in the left and 9 dots in the right arches respectively. Rev. . From the same die as the shilling and half-crown of 1646. Weight, 67 grains.
, Obv. A crown having the band elaborately jewelled, 10 dots in the left arch and lo dots in the right arch. Rev. From the same die as the shilling and half-crown of 1646. Weight, 68 grains., ,
Sixpence. - Obv. An elaborate crown, C R on each side and VI. beneath. Rev. : OBS : NEWARK 1646. Weight, 46 grains. Not a few examples of the shilling, ninepence, and sixpence of 1646 are found gilt, and were doubtless struck upon flans cut from a service of gilt-plate. Some specimens of the shilling and ninepence of 1646 exist having the Royal arms upon the reverse, and it appears to me that the coins so marked formed part of some Regal service of plate, which was thus sacrificed in order to pay the expenses of the siege. Of the coins struck at Newark, two coins stand out in prominence as deserving a better acquaintance. Of these the first piece to claim our notice is a ninepence, in the collection of coins the property of the Corporation of Liverpool, and is of importance since upon the reverse we find beneath the .
A of NEWARK a leopard's head, the hall-mark of the period. The second piece is a shilling in the possession of Dr. Appleby, of Newark, which coin bears upon the reverse a capital M within a dotted indent, which appears to be a silversmith's private stamp, and indicates the source from whence the piece of plate originally come. There was in the Montagu Collection a specimen of a shilling bearing only an impression of the obverse die, and the reverse being plain ; the coin is, therefore, undated.
, ,
For further reading, see:,
C C Oman, 'A Note on the Coining of the Royal Plate at Newark in the Year 1646', Numismatic Chronicle, Vol. 54 (1934), pp. 74-80
Estimate: £500 - £800