Stack's Bowers Galleries (& Ponterio) > April 2024 Hong Kong AuctionAuction date: 15 April 2024
Lot number: 43403

Price realized: Unsold
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Lot description:

(t) RUSSIA. Ruble, 1704 (date in old Cyrillic). Moscow (Red) Mint. Peter I "the Great". NGC EF-45.
Dav-1645; KM-122.2; Bit-796; Diakov-82. Variety with an "A" engraved over a mistaken "Д" in "ДОБРАѦ. The first year of issuance of the Ruble denomination, this date is RARE as a whole, but especially so in the present problem-free condition. Typically, examples feature repair work, cleaning, scratches, or other forms of surface manipulation, as evidenced by the PCGS and NGC census data for the issue: in total, a mere 12 examples of all varieties have been certified in problem-free grades over the two services, and none above AU-50. The present example offers nothing less than perfectly wholesome surfaces. The strike is relatively strong, with much portrait detail present, and each side is graced with a blanket of rich patina, with traces of original luster even remaining in the fields. A solitary, as-made adjustment mark traces across the elaborate coat and hair of Peter I. All in all, this is an admirable survivor and a piece that has clearly been well-cared for over the last three centuries of its existence, and which will undoubtedly end in a collection where originality and surface preservation are similarly prized.

We note that an example of this variety certified by NGC as EF Details--Cleaned, sold for $24,000 including buyer's premium in our January 2023 auction (lot 22155).

Estimate: $15000 - $25000