Heritage World Coin Auctions
ANA Signature Sale 3066 17 Aug 2018
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Hungary
Franz Rakoczi gold Ducat 1705-KV AU Details (Mount Removed) NGC, Klausenburg mint. KM530, Fr-478. Minted at Kolovar. Affectionately referred to as a "Palm Ducat", this insurgent coinage was struck during the Rakoczi-led revolt against Austria, and features a crowned cartouche containing the coats of arms of Transylvania and Rakoczi. The beautifully designed reverse shows a palm tree flanked by three hills at the bottom, K-V and date dividing. Rarely offered in the marketplace in recent past, this particular selection was removed from a mount, as is noted on the holder, but the surfaces remain only lightly abraded and the overall tone is a handsome olive-gray. In total, a scarce example of this historically significant type. Sold with old sales envelope.
Franz Rakoczi was born in 1676 into a Hungarian aristocrat family and in time would become an accomplished military leader for Hungary, leading an uprising against the Habsburgs that began in 1703 and lasted until 1711. During this period, Rakoczi, with the French-Bavarian armies as allies, led the cause for Hungarian independence from Austria. In 1704, Rakoczi began his reign as Prince of Transylvania and in September of 1705, he was elected Ruling Prince of Hungary. Peace talks began in 1705, with the sovereignty of Transylvania being a primary stumbling block on an agreement. While he saw numerous military successes up until 1706, the financial burdens of war eventually began to catch up and his military presence began to dwindle. At the Battle of Trencsén in 1708, Rakoczi fell from his horse and was thought dead. As a result much of his army defected and took an oath of allegiance to the Emperor. With a diminished army, Rakoczi's held territory became increasingly limited and in 1711, he fled to Poland. Because of his noble actions, Rakoczi is today considered a national hero in Hungary.
HID02901242017
Estimate: 10000-15000 USD
Franz Rakoczi gold Ducat 1705-KV AU Details (Mount Removed) NGC, Klausenburg mint. KM530, Fr-478. Minted at Kolovar. Affectionately referred to as a "Palm Ducat", this insurgent coinage was struck during the Rakoczi-led revolt against Austria, and features a crowned cartouche containing the coats of arms of Transylvania and Rakoczi. The beautifully designed reverse shows a palm tree flanked by three hills at the bottom, K-V and date dividing. Rarely offered in the marketplace in recent past, this particular selection was removed from a mount, as is noted on the holder, but the surfaces remain only lightly abraded and the overall tone is a handsome olive-gray. In total, a scarce example of this historically significant type. Sold with old sales envelope.
Franz Rakoczi was born in 1676 into a Hungarian aristocrat family and in time would become an accomplished military leader for Hungary, leading an uprising against the Habsburgs that began in 1703 and lasted until 1711. During this period, Rakoczi, with the French-Bavarian armies as allies, led the cause for Hungarian independence from Austria. In 1704, Rakoczi began his reign as Prince of Transylvania and in September of 1705, he was elected Ruling Prince of Hungary. Peace talks began in 1705, with the sovereignty of Transylvania being a primary stumbling block on an agreement. While he saw numerous military successes up until 1706, the financial burdens of war eventually began to catch up and his military presence began to dwindle. At the Battle of Trencsén in 1708, Rakoczi fell from his horse and was thought dead. As a result much of his army defected and took an oath of allegiance to the Emperor. With a diminished army, Rakoczi's held territory became increasingly limited and in 1711, he fled to Poland. Because of his noble actions, Rakoczi is today considered a national hero in Hungary.
HID02901242017
Estimate: 10000-15000 USD