Stack's Bowers & Ponterio
January 2022 NYINC Auction 14-16 Jan 2022
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OMAN. Gold Proof Set (4 Pieces), AH 1391 (1971). All NGC Certified.
1) 500 Ryals. NGC PROOF-68 Ultra Cameo. Fr-1; KMX-7. Mintage: 4,000.
1) 500 Ryals. NGC PROOF-68 Ultra Cameo. Fr-1; KMX-7. Mintage: 4,000.
2) 200 Ryals. NGC PROOF-68 Ultra Cameo. Fr-2; KMX-6. Mintage: 4,000.
3) 100 Ryals. NGC PROOF-67 Ultra Cameo. Fr-3; KMX-5. Mintage: 4,000.
4) 50 Ryals. NGC PROOF-69 Ultra Cameo. Fr-4; KMX-4. Mintage: 4,000.
A RARE gold 'exile' set, each piece displays extreme cameo features with limited instances of handling. We sold a similar set (which included the silver denominations) for $15,600 in January 2021, however the average grade was far less than this set (64.25 versus 68 for this set). Regarding the recorded mintage, it's obviously significantly higher than one would expect given the infrequency of appearances, so mass melting of unsold mintages, as would often occur during the period, quite likely explains its elusiveness.
Estimate: $13000 - $16000