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March Signature Sale 3096 25-27 Mar 2021
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France
"Republic" gold Proof Off-Metal Essai 5 Francs L'An X (1801/1802)-A PR62 Cameo NGC, Paris mint, cf. KM639.1 (there in silver, lettered edge), Gad-563a, Maz-562 var. (R6, there, in lettered edge), cf. VG-970 (same). 41.86gm. Plain edge. By Augustin Dupré. A fantastically rare trial emission struck in gold on a plain-edged flan, and thus a variety of the gold issue noted in Mazard and Guilloteau, both of which catalog the type with a lettered edge. Against all odds, this offering represents the second gold trial of the issue that we have sold, though the first of the possibly unique plain edge variety, and this observation is undoubtedly worth a closer comparison between the two. Most importantly, the strike on this piece is noticeably more medallic, producing sharp highpoint detail across every feature, a characteristic that was lacking on the prior example, which displayed isolated instances of striking softness, particularly to the reverse wreath. Because of this specimen's sharpness, even rims, semi-mirrored surfaces, and subtle device frosting, it has justifiably received a Proof Cameo designation by NGC, representing the only such example certified to date.
The rarity and historical importance of this issue cannot be overstated. The type was produced squarely in the middle of the Consular period that separated the early Republic and the Empire under Napoleon, a turbulent time in French history that followed two major coalitions against France and preceded a further five, with the country undergoing rapid change under the administration of Napoleon Bonaparte as First Consul of France. Now judged primarily by his military actions, including his disastrous invasion of Russia in 1812, Napoleon was widely seen as a reformer and agent of positive change during this period. Among these changes was a complete overhaul of the nation's coinage, including introductions of new 20 and 40 Franc denominations in gold. Accordingly, a trial piece such as this undoubtedly represents not only an integral part of this rapid change, but also a historical context filled with both peril and hope for a more stable future (though this was ultimately not to be, as subsequent years during the imperial period would illustrate). The only comparable specimen we could locate was sold in a European auction in February of 2016 for a hammer price of 170,000 Euros. Though not certified, that example was noted as being "of the greatest rarity" and the only known copy in private hands. Stupendously rare both as an example of this off-metal strike and as an additionally elusive variant thereof, this spectacular coin represents the apex of desirability for collectors passionate about the evolving coinage of this fascinating era.
Ex. Numismatica Genvensis Auction 2 (November 2002, Lot 407)
https://coins.ha.com/itm/france/france-republic-gold-proof-off-metal-essai-5-francs-l-an-x-1801-1802-a-pr62-cameo-ngc-/a/3096-30172.s?type=CoinArchives3096
HID02906262019
© 2020 Heritage Auctions | All Rights Reserved
Estimate: 80000-120000 USD
"Republic" gold Proof Off-Metal Essai 5 Francs L'An X (1801/1802)-A PR62 Cameo NGC, Paris mint, cf. KM639.1 (there in silver, lettered edge), Gad-563a, Maz-562 var. (R6, there, in lettered edge), cf. VG-970 (same). 41.86gm. Plain edge. By Augustin Dupré. A fantastically rare trial emission struck in gold on a plain-edged flan, and thus a variety of the gold issue noted in Mazard and Guilloteau, both of which catalog the type with a lettered edge. Against all odds, this offering represents the second gold trial of the issue that we have sold, though the first of the possibly unique plain edge variety, and this observation is undoubtedly worth a closer comparison between the two. Most importantly, the strike on this piece is noticeably more medallic, producing sharp highpoint detail across every feature, a characteristic that was lacking on the prior example, which displayed isolated instances of striking softness, particularly to the reverse wreath. Because of this specimen's sharpness, even rims, semi-mirrored surfaces, and subtle device frosting, it has justifiably received a Proof Cameo designation by NGC, representing the only such example certified to date.
The rarity and historical importance of this issue cannot be overstated. The type was produced squarely in the middle of the Consular period that separated the early Republic and the Empire under Napoleon, a turbulent time in French history that followed two major coalitions against France and preceded a further five, with the country undergoing rapid change under the administration of Napoleon Bonaparte as First Consul of France. Now judged primarily by his military actions, including his disastrous invasion of Russia in 1812, Napoleon was widely seen as a reformer and agent of positive change during this period. Among these changes was a complete overhaul of the nation's coinage, including introductions of new 20 and 40 Franc denominations in gold. Accordingly, a trial piece such as this undoubtedly represents not only an integral part of this rapid change, but also a historical context filled with both peril and hope for a more stable future (though this was ultimately not to be, as subsequent years during the imperial period would illustrate). The only comparable specimen we could locate was sold in a European auction in February of 2016 for a hammer price of 170,000 Euros. Though not certified, that example was noted as being "of the greatest rarity" and the only known copy in private hands. Stupendously rare both as an example of this off-metal strike and as an additionally elusive variant thereof, this spectacular coin represents the apex of desirability for collectors passionate about the evolving coinage of this fascinating era.
Ex. Numismatica Genvensis Auction 2 (November 2002, Lot 407)
https://coins.ha.com/itm/france/france-republic-gold-proof-off-metal-essai-5-francs-l-an-x-1801-1802-a-pr62-cameo-ngc-/a/3096-30172.s?type=CoinArchives3096
HID02906262019
© 2020 Heritage Auctions | All Rights Reserved
Estimate: 80000-120000 USD