Stephen Album Rare Coins

Auction 48  –  18 - 22 January 2024

Stephen Album Rare Coins, Auction 48

Ancient, Islamic, Indian, Chinese and World Coins

Part 1: Th, 18.01.2024, from 6:00 PM CET
Part 2: Fr, 19.01.2024, from 6:00 PM CET
Part 3: Sa, 20.01.2024, from 7:00 PM CET
Part 4: Su, 21.01.2024, from 7:00 PM CET
The auction is closed.

Description

JAPAN: Meiwa, 1764-1772, AR 5 momme (17.78g), H-9.70, Cr-10, JNDA-09-46, wavy symbol in-between a pair of solid and dotted lines on top, moji gin gomonme below on a raised field // joze, hereditary official of the silver mint of the Tokugawa family, on raised field, rims with wave pattern, struck 1765-68, a lovely well-struck example! AU. These pieces were also called the Tanuma Go Momme Gin. Tanuma was Chief of the Palace Bureau and he authorized the production of this issue. He proclaimed that silver ornaments for personal use were a luxury, and should be confiscated for the purpose of making silver coin. The 5 momme silver was first issued in September 1765 at a rate of 12 pieces being the equivalent of 60 momme of silver. The Gomonme-gin silver coin carried the fixed denomination of "5 monme", and money changers, who had been earning profits from fluctuations of exchange rates in the market, strongly objected to the use of these coins, as the ratio was lower than the market price; as a result, the coin was not welcomed and mostly stayed on the counters of the money exchanges.

Estimate: USD 1000 - 1200

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Bidding

Price realized 900 USD
Starting price 800 USD
Estimate 1'000 USD
The auction is closed.
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