Heritage World Coin Auctions
NYINC Signature Sale 3051 8-9 January 2017
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Morocco
Muhammed III gold Pattern 10 Mitqals AH 1201 (1787) AU Details (Repaired) NGC, Madrid mint, KM-PnA1, Fr-4, Lec-1. A highly interesting and extremely rare type, this piece holds the distinction of being among the first machine struck coins of Morocco. Intended as a circulation issue, two factors account for its rarity and consideration as a pattern instead of a business strike. First, the delivery of the product was so delayed that, by the time it was ready for release, the ruler in whose name it had been struck, Muhammed III, had already passed away, and his successor did not want to place the issue into circulation. Second, the coins contained the name of the mint (Madrid) in Arabic, a fact which would not have gone over well with the populace, given the strained relations between the two countries at the time. A few light marks and some minor repair, but an otherwise pleasing example of this very rare type, with only about 10 specimens known to have survived the initial mintage.
Estimate: 15000-20000 USD
Muhammed III gold Pattern 10 Mitqals AH 1201 (1787) AU Details (Repaired) NGC, Madrid mint, KM-PnA1, Fr-4, Lec-1. A highly interesting and extremely rare type, this piece holds the distinction of being among the first machine struck coins of Morocco. Intended as a circulation issue, two factors account for its rarity and consideration as a pattern instead of a business strike. First, the delivery of the product was so delayed that, by the time it was ready for release, the ruler in whose name it had been struck, Muhammed III, had already passed away, and his successor did not want to place the issue into circulation. Second, the coins contained the name of the mint (Madrid) in Arabic, a fact which would not have gone over well with the populace, given the strained relations between the two countries at the time. A few light marks and some minor repair, but an otherwise pleasing example of this very rare type, with only about 10 specimens known to have survived the initial mintage.
Estimate: 15000-20000 USD