Stack's Bowers & Ponterio
August 2016 ANA Auction - Sess. A-C 10-12 August 2016
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SWEDEN. 2 Daler Plate Money, 1716. Stockholm Mint. Karl XII (1697-1718). VERY FINE.
6.5 x 7 in. KM-PM48; AAH-201; BT-D1. (only 19 examples known to Tingstrom). EXTREMELY RARE plate made from cannon metal. In December of 1709 the Privy Council discussed the situation of the hostile attacks on Sweden by the King of Denmark, and the effect it had on their ability to sell copper. The coinage act of December 3rd 1709 stated that plate money should be struck to alleviate the shortage of circulating money caused by foreign restrictions. During a brief period in 1714-1716, the Swedish government arranged for the melting of rejected cannons from the arsenals in Stockholm and Karlskrona to be made into coin. Unlike conventional plate money where the blanks were hammered flat, the cannon metal was of a different alloy and much to harder to be formed with this process. Therefore the copper had to be cast directly into sheets from which blanks were cut. For this reason the surfaces of these plates are much cruder than conventional plate money. Smaller diameter stamps were also applied as they required less pressure to emboss on such a hard metal. Tingstrom states that because of the metallic composition, they could hardly be used as anything but a coin, especially in the case of a private person. Their general acceptance would not have extended far beyond the boarders of Sweden, as abroad their intrinsic value would have been half to two-thirds the value of conventional copper plate money. Stamps lightly applied as usual for this type, date in center stamp is faint but discernible and nearly full, corner stamps are present and full. Attractive with a dark ruddy patina and a nearly square example. EXTREMELY RARE and highly sought after. A real prize for any collector of plate money. VERY FINE.
Estimate: $3000.00- $4000.00
6.5 x 7 in. KM-PM48; AAH-201; BT-D1. (only 19 examples known to Tingstrom). EXTREMELY RARE plate made from cannon metal. In December of 1709 the Privy Council discussed the situation of the hostile attacks on Sweden by the King of Denmark, and the effect it had on their ability to sell copper. The coinage act of December 3rd 1709 stated that plate money should be struck to alleviate the shortage of circulating money caused by foreign restrictions. During a brief period in 1714-1716, the Swedish government arranged for the melting of rejected cannons from the arsenals in Stockholm and Karlskrona to be made into coin. Unlike conventional plate money where the blanks were hammered flat, the cannon metal was of a different alloy and much to harder to be formed with this process. Therefore the copper had to be cast directly into sheets from which blanks were cut. For this reason the surfaces of these plates are much cruder than conventional plate money. Smaller diameter stamps were also applied as they required less pressure to emboss on such a hard metal. Tingstrom states that because of the metallic composition, they could hardly be used as anything but a coin, especially in the case of a private person. Their general acceptance would not have extended far beyond the boarders of Sweden, as abroad their intrinsic value would have been half to two-thirds the value of conventional copper plate money. Stamps lightly applied as usual for this type, date in center stamp is faint but discernible and nearly full, corner stamps are present and full. Attractive with a dark ruddy patina and a nearly square example. EXTREMELY RARE and highly sought after. A real prize for any collector of plate money. VERY FINE.
Estimate: $3000.00- $4000.00