Heritage World Coin Auctions
ANA Signature Sale 3033 8 August 2014
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Greece
Constantine I copper-nickel Proof Essai Drachma 1915 PR65 NGC, Paris mint, K. Dimitriades as engraver, KM-EA33, Karamitsos-T.86, Divo-P100 var. (copper-nickel). An extremely rare Essai produced for the Kingdom of Greece shortly after the accession of Constantine I in 1913. The plans to produce such coinage were eventually cancelled due to the cost of silver being higher than the face value of the coins. Patterns were minted in both silver and copper-nickel and the latter variety seems to be slightly more scarce, according to our research. A copper-nickel example has not been seen at auction since a Künker sale in June of 2003, where an uncertified example hammered for almost $16,000. The example offered here lacks distracting marks, although the surfaces bear speckled tone and the obverse an area of light patination on the bust. NGC analyzed the alloy of this piece, breaking it down on the insert as 0.35 Copper, 0.35 Silver, 0.14 Nickel, and 0.14 Zinc. A very rare opportunity both for the specialists in Greek coinage as well as those who specialize in Paris mint Essais.
Estimate: 25000-35000 USD
Constantine I copper-nickel Proof Essai Drachma 1915 PR65 NGC, Paris mint, K. Dimitriades as engraver, KM-EA33, Karamitsos-T.86, Divo-P100 var. (copper-nickel). An extremely rare Essai produced for the Kingdom of Greece shortly after the accession of Constantine I in 1913. The plans to produce such coinage were eventually cancelled due to the cost of silver being higher than the face value of the coins. Patterns were minted in both silver and copper-nickel and the latter variety seems to be slightly more scarce, according to our research. A copper-nickel example has not been seen at auction since a Künker sale in June of 2003, where an uncertified example hammered for almost $16,000. The example offered here lacks distracting marks, although the surfaces bear speckled tone and the obverse an area of light patination on the bust. NGC analyzed the alloy of this piece, breaking it down on the insert as 0.35 Copper, 0.35 Silver, 0.14 Nickel, and 0.14 Zinc. A very rare opportunity both for the specialists in Greek coinage as well as those who specialize in Paris mint Essais.
Estimate: 25000-35000 USD