Watch List notes:

CZECHOSLOVAKIA. 5 Ducats, 1938. Kremnica Mint. NGC MS-66.
Fr-5; KM-13; Novotny-18 (RRRR). Mintage: 56. Of all the circulation quality European coins produced in the 20th Century, the 1938 Czechoslovakian 10 and 5 Ducats issues stand alone at the top of heap, nearly unsurpassed in demand and intrigue. Softly lustrous and highly attractive, this example demonstrates a robust strike quality and very few visible perturbations on the surfaces. Extensive die working was undertaken, as evidenced by the die polishing lines that run throughout the fields. As beautiful as it is RARE, we have high expectations for this piece as reflected in the estimate. A modern ULTRA RARTY, and a coin that is essentially without rival.

Much like the 1938 10 Ducats, the extremely limited mintage of the 5 Ducats was split, with 44 reserved for the state of Slovakia and 12 sold to private collectors. Given the unfurling political situation in 1938, and the subsequent occupation of Czechoslovakia these mintage figures are not reliable guides to the general survival rate of these pieces. Only 4 examples have been certified by either PCGS or NGC, seemingly confirming a low survival rate of the already low mintage. To view all items from the Augustana Collection, click here.

From the Augustana Collection.

Estimate: $200000 - $300000