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World Coin Highlights from Goldbergs Upcoming Pre Long Beach sale

Ira and Larry Goldberg will be holding three exceptional sales prior Long Beach. They include the sale of THE DAN HOLMES COLLECTION Part II, Middle Date U.S. Large Cents on Sunday May 30th, 2010, United States Coins and Currency on Monday May 31st, 2010 and then Ancient and World Coins & Currency on Tuesday & Wednesday June 1& 2, 2010.

Here we would like to highlight 4 of the World Coin Highlights, coincidentally all from the previous Goldberg’s Millennia Sale. They are as follows:

Lot 3411 Russia. Peter I, 1682-1725. Novodel Ruble struck in Gold, 1705 (Moscow).

Fr-76 (62); Sev-12; Bitkin-532; Diakov-page 87, part 1. 44.22 grams. Laureate, cuirassed youthful bust right. Reverse: Crowned, double-headed eagle with scepter and orb. Plain edge. Sharply struck with all details bold, Peter’s hair curls in higher than normal relief. The surfaces are fully prooflike on both sides, with the devices softly lustrous to frosty matte and the fields reflective with an almost watery texture. Undoubtedly a high gift of state, the coin has been carefully preserved, with minimal marks or hairlines. The reverse die shows faint radiating cracks. This is one of the most important of all Russian coins!

Struck in gold to the weight of 13 Ducats, 44.22 grams, and created from the dies of the novodel ruble of 1705 (Sev-185), this is the plate coin shown in Bitkin and Diakov which appeared in both the 1977 Soderman and the 1991 Goodman auctions and is the only specimen appearing at public auction in over 25 years. Severin mentions this particular specimen (his number 12) as well as another weighing 40.4 grams, making this one of only two known examples. He also mentions a gold 1707 rouble (no. 18) and a 1723 in 12-ducat weight, each presumably unique. NGC graded MS-63.

Among Peter’s numerous reforms, he caused his country’s coinage system to change from being the most old-fashioned in Europe to being the most up to date. His was the first coinage to employ the decimal system (dividing the Ruble into one hundred smaller units, of copper Kopecks). Part of his reform involved devaluation, which made, for the first time, the Russian Ruble equivalent in its buying power to the Polish, Saxony and Silesian thalers which had seen such free circulation within the country before. It is said that, when the first Ruble coins bearing Western-style Arabic dates were struck in 1707, it was Peter himself operating the coin press!
Estimated Value $275,000 – 325,000.

Ex Dr. Robert D. Hesselgesser Collection (5/30 – 6/1/05), lot 1751; Goodman Collection (Superior, Feb. 1991), lot 4; and Soderman Collection (Swiss Bank, Feb. 1977); Illustrated in Money of The World, coin 115. Ex Millennia, Lot 802 where it Realized $340,000

Lot 3158 Guatemala – Central American Republic. 8 Escudos, 1824-NG-M (Nueva Guatemala). Fr-26; KM-8. 26.96 grams.

Radiant sun face over row of volcanoes. Reverse: Tree on foliate ground, value on either side. Exceptional detailed strike, with only slight adjustment marks remaining. Minor faint random hairlines at centers, otherwise glittering to proof-like luster overall. Probably the finest known example of this rarity. NGC graded MS-63 Prooflike.

The Central Americam Republic was centered in Guatemala. It was totally ineffectual and dissolved betwwen 1838 and 1840 after each state opted for independence. At this time, an illiterate highwayman named Rafael Carrera pledged a vendetta against the Guatemalan president of the Central American Republic, Francisco Morazon. Carrera was backed by the conservatives in Guatemala as well as the powerful Catholic Church. He succeeeded in dominating Guatemalan politics and was named president for life. He actually did a relatively good job as president given the chaotic times. Despite his humble background, he is known as the founder of modern Guatemala (El Fundador).
Estimated Value $125,000 – 150,000.

Ex Superior ANA Sale (August 19-23, 1975), lot 2585, where it realized a hammer price of $20,000 against a $5,000 estimate (this one of the highest prices paid for a foreign coin in that sale). Ex F.C.C. Boyd Collection, acquired by Charles Wormser & John Ford, a.k.a. New Netherlands Coin Company; thence personally consigned to the ANA Sale by Wormser; Illustrated in Money of the World, coin 166. Ex Millennia, Lot 1058 where it Realized $145,000

Lot 3942 Mexico. 8 Reales, No Date-M (Mexico City, c. 1535-6). Excessively Rare — one of only 3 specimens known.

Of the highest significance for the history of New World coinage. Emphasizing the experimental nature of this issue, one can discern that this coin is a test strike. Apparent in the fields are flattened designs, indicating that the present piece was overstruck on itself at least once, if not two or more times! NGC graded EF-40.

Carlos and Joanna, or Johanna, issued the first coins from Europe for the New World. Johanna was the daughter of Ferdinand and Isabella, and heir to the Spanish throne. She married Philip the Handsome, and they had a son named Charles. Both Johanna’s mother, Isabella, and her husband, Philip, died young. By all reports this made Johanna mentally unbalanced. Her son claimed co-regency with Johanna, and had her imprisoned in the castle of Tordesilla. He then ruled in name with her, but effectively he ruled alone. So much for filial love.

Only 3 pieces were found in a shipwreck. One is held by a collector who wants one million dollars for his example. Another brought $373,750 at a Heritage sale last year at New York. The salvage group that found the shipwreck, and who at one time had all three coins in their possession, consigned it. The winning bidder, a well-known Latin-American collector, was prepared to pay much more for this coin. At the time of the sale, there were rumors of many more known examples; thus, many major buyers did not attend the sale or bid on this important coin.

Mr. Daniel Sedwick, who represented the salvage group at the sale, stated that this was the last piece from the shipwreck. Since the auction, it is now confirmed that only three of these coins are known. The discovery specimen is being offered here.
Estimated Value $250,000 – 300,000.

Illustrated in Money of the World, coin 144. Ex Millennia, Lot 1073 where it Realized $270,000

Lot 3981 Peru. 8 Reales, No Date

(c. 1568-1571), P-R (Lima). WR-1; KM-13; Sellschopp 1; Calbeto 243; Guttag 3993; Dasi 126. (Francisco del Rincon, assayer). 26.70 grams. Philip II, of Spain, 1554-1598.

Crowned arms of Castille and Leon; assayer’s initial at left. Reverse: Crowned pillars over waves, motto between; value below. Choice even strike, perfectly centered on very round flan. Very fine old collection toning. Of the highest rarity, and the utmost historical interest for New World numismatics. This is among the finest of little more than a handful of known examples.

It is thought that from 7 to 10 examples at most, in any grade, exist. The coin’s fame and desirability rests on the fact that it was the first crown-size coin of South America. Francisco del Rincon opened the first mint in the Americas in Mexico City in 1536. NGC graded AU-55.

Lima was founded by the conquistador, Francisco Pizarro in 1535. He named it the city of the kings. It became home to the Viceroyalty of Peru, and an important religious center as well. In fact, Lima was the second city of the New World behind Mexico City. Its mint was opened in 1568. The first 8 Reales coins struck there are great rarities. As stated by Wayte Raymond, “Of the greatest rarity and interest.”
Estimated Value $200,000 – 250,000.

Ex F.C.C. Boyd Collection. This coin is the Wayte Raymond plate coin (F.C.C. Boyd); and so too for Dasi (copied from the Coin Collector’s Journal, Jan.-Feb. 1947, page 13). This coin’s only auction appearance was in the Superior A.N.A Sale, August 1975, lot 2022, selling against a $2000 estimate for an astounding, at the time, $23,000. A similar but somewhat lesser example (lot 20) sold in 1988, at the Swiss Bank Coins of Peru Auction, October 1988, for an even more astounding $120,600! Illustrated in Money of the World, coin 145. Ex Millennia, Lot 1150 where it Realized $240,000

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