Stack's Bowers & Ponterio
May 2023 World CCO Auction 16-19 May 2023
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Though somewhat confusingly styled as "IOAHHЪ III" (Ivan), this issue is of Ivan VI. This quirk is based upon the rendering at the time of this Ivan being the third chronologically to rule as a Tsar--the first three technically having only been Grand Princes. Nevertheless, when chronicling the Russian series, the first three Ivans are included, no matter their lesser ruling status.
Estimate: $2000 - $4000