Heritage World Coin Auctions
ANA Signature Sale 3066 17 Aug 2018
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Ceylon
British Colony. Edward VII copper Restrike Mule Proof Set 1892 (1904-1907),
1) 1/4 Cent (Farthing) - PR65 Brown NGC, KM100/KM90
2) 1/2 Cent - PR65 Red and Brown NGC, KM101/KM91
3) Cent - PR64 Red and Brown NGC, KM102/KM92
4) 5 Cents - PR62 Brown NGC, KM-Pn8/KM93
An amazing set with each denomination pairing the bust of Edward VII with an earlier reverse die used during the reign of Victoria to produce proof coinage. All are reflective, showing prominent die polish lines and a splendid cobalt blue-magenta infused iridescence, with Mint red covering the majority of the planchet on the 1/2 Cent and Cent. Given the peculiar nature of this set, it seems likely to have been "crafted" for a high-ranking government official, or perhaps even the mintmaster himself. Presumed unique, the only comparison piece we can draw upon is of a 1904-dated 5 cent pattern (KM-Pn8, Prid-184) sold by Spink in 2006. That coin was cataloged with the accompanying insert by well-known collector and researcher, Jerome Remick, who noted, "Only 2 in private hands--mine and Dick Ford. A few in museums;" which subsequently hammered for £10,500, or just over $19,500 exchange at that time. Given the obvious rarity edge this 1892 set presents (not to mention its three coin edge!), we struggle to even produce an estimate. Indeed, it seems far more appropriate to say, "the sky's the limit." Truly, one of the finest and most fascinating numismatic items from Ceylon extant.
Ex. Baldwin's Auction #86, 6 May 2014, Lot 364
HID02901242017
Estimate: 15000-18000 USD
British Colony. Edward VII copper Restrike Mule Proof Set 1892 (1904-1907),
1) 1/4 Cent (Farthing) - PR65 Brown NGC, KM100/KM90
2) 1/2 Cent - PR65 Red and Brown NGC, KM101/KM91
3) Cent - PR64 Red and Brown NGC, KM102/KM92
4) 5 Cents - PR62 Brown NGC, KM-Pn8/KM93
An amazing set with each denomination pairing the bust of Edward VII with an earlier reverse die used during the reign of Victoria to produce proof coinage. All are reflective, showing prominent die polish lines and a splendid cobalt blue-magenta infused iridescence, with Mint red covering the majority of the planchet on the 1/2 Cent and Cent. Given the peculiar nature of this set, it seems likely to have been "crafted" for a high-ranking government official, or perhaps even the mintmaster himself. Presumed unique, the only comparison piece we can draw upon is of a 1904-dated 5 cent pattern (KM-Pn8, Prid-184) sold by Spink in 2006. That coin was cataloged with the accompanying insert by well-known collector and researcher, Jerome Remick, who noted, "Only 2 in private hands--mine and Dick Ford. A few in museums;" which subsequently hammered for £10,500, or just over $19,500 exchange at that time. Given the obvious rarity edge this 1892 set presents (not to mention its three coin edge!), we struggle to even produce an estimate. Indeed, it seems far more appropriate to say, "the sky's the limit." Truly, one of the finest and most fascinating numismatic items from Ceylon extant.
Ex. Baldwin's Auction #86, 6 May 2014, Lot 364
HID02901242017
Estimate: 15000-18000 USD