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NYINC Signature Sale 3105  9 Jan 2023
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Lot 32119

Starting price: 5000 USD
Price realized: 13 000 USD
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Ancients
Michael I Rhangabe (AD 811-813), with Theophylactus. AV solidus (20mm, 4.41 gm, 7h). NGC MS 5/5 - 4/5, scuff. Constantinople. •-MIXA-HL bASILЄ', crowned bust of Michael I facing, wearing chlamys pinned at right shoulder, cross potent with base in right hand, acacia in left / ΘЄOFVLA-CtOS dЄSP' X, crowned bust of Theophylactus facing, wearing loros, globus cruciger in right hand, transverse cruciform scepter in left. Sear 1615. Excellent centering and struck on gorgeous satiny flan. A superb example of this rare and popular type.

A high court official with a marriage tie to Nicephorus I, Michael Rhangabe seized the moment when Nicephorus was killed in battle against the Bulgarian khan Krum, and his son and successor, Stauracius, severely wounded. Stauracius was induced to abdicate in Michael's favor and died a short time later. Following a well-established precedent, Michael raised his eldest son Theophylactus as co-emperor and began a policy of retrenchment and reconciliation after the financial and military disasters of the previous two reigns. He liberally distributed money to the clergy, who praised him for his piety, and purged iconoclasts from high positions, though they remained a potent force. In AD 812, he gave full recognition to Charlemagne as emperor of the West in return for Venice returning to Byzantine control; the Venetians, however, ignored the edict and maintained their independence. Early in AD 813, Michael mounted a major campaign against the Bulgarians, but they routed his army and his prestige plummeted. Knowing he would soon be toppled, Michael preempted events by abdicating and naming the general Leo V the Armenian as his successor. Michael took monastic vows along with his sons (one of whom later became patriarch) and died peaceably 30 years later.

https://coins.ha.com/itm/ancients/byzantine/ancients-michael-i-rhangabe-ad-811-813-with-theophylactus-av-solidus-20mm-441-gm-7h-ngc-ms-5-5-4-5-scuff/a/3105-32119.s?type=DA-DMC-CoinArchives-WorldCoins-3105-01092023

HID02906262019

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Estimate: 10000-15000 USD
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