Heritage World Coin Auctions
Long Beach Signature Sale 3035 3-5 September 2014
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Great Britain
Charles II "Elephant & Castle" 1/2 Crown 1681 AU55 PCGS, KM438.4, S-3370, ESC-488 (R4). An item of unestimable importance, both as a historic issue and more specifically as an individual coin. As a type, the "Elephant & Castle" coinage in both silver and gold has long been sought because of its unbreakable link with the western Africa trade route. As history tells us, not long after the English Restoration, James Duke of York, brother of King Charles II and head of the mercantile Royal African Company, made arrangements to have the ore acquired from the Gambia river in Africa coined. These coins, first hallmarked with the African native elephant, would later be revised to the more regal Elephant & Castle, a symbol that also became the focal point of the company's crest. Of these issues, gold denominations, while scarce in their own right, are far more abundant. Silver however was obviously acquired in very limited quantity, resulting in the coining of relatively few shillings, halfcrowns and crowns; in total, it is estimated that no more than 20 examples of the 1681 halfcrown exist in all grades.The present offering, a marvel of existence, has a pedigree tracing back 130 years and has been recognized as the finest survivor (Sotheby's 1903 - "believed to be the finest specimen known") of its type for over a century. Perfectly original, the surfaces showcase splendid earthen hues with a touch of iridescence around the devices from its certain long-term cabinet placement. The strike exhibits near full detail, with the faintest wisp of highpoint friction contributing to the grade. Some haymarking is seen on both sides, but its appearance is neither excessive or unsightly. No abrasions of significance are visible. An altogether exceptional piece - a "famous" coin! - that, not surprisingly, is accompanied by one of the most impressive pedigrees chains that we have ever seen.Pedigree:George Wakeford Collection (Chapman 11/1884 - Lot 200)Hyman Montagu Collection (Sotheby's 11/1896 - Lot 805)John G. Murdoch Collection (Sotheby's 6/1903 - Lot 597)C.E.G. Mackerell Collection (Sotheby's 5/1905 - Lot 26)Spink Numismatic Circular 7/1942 - No. 15448Spink 3/2004 - Lot 191 @ £19,000 (excluding BP)
Estimate: 40000-50000 USD
Charles II "Elephant & Castle" 1/2 Crown 1681 AU55 PCGS, KM438.4, S-3370, ESC-488 (R4). An item of unestimable importance, both as a historic issue and more specifically as an individual coin. As a type, the "Elephant & Castle" coinage in both silver and gold has long been sought because of its unbreakable link with the western Africa trade route. As history tells us, not long after the English Restoration, James Duke of York, brother of King Charles II and head of the mercantile Royal African Company, made arrangements to have the ore acquired from the Gambia river in Africa coined. These coins, first hallmarked with the African native elephant, would later be revised to the more regal Elephant & Castle, a symbol that also became the focal point of the company's crest. Of these issues, gold denominations, while scarce in their own right, are far more abundant. Silver however was obviously acquired in very limited quantity, resulting in the coining of relatively few shillings, halfcrowns and crowns; in total, it is estimated that no more than 20 examples of the 1681 halfcrown exist in all grades.The present offering, a marvel of existence, has a pedigree tracing back 130 years and has been recognized as the finest survivor (Sotheby's 1903 - "believed to be the finest specimen known") of its type for over a century. Perfectly original, the surfaces showcase splendid earthen hues with a touch of iridescence around the devices from its certain long-term cabinet placement. The strike exhibits near full detail, with the faintest wisp of highpoint friction contributing to the grade. Some haymarking is seen on both sides, but its appearance is neither excessive or unsightly. No abrasions of significance are visible. An altogether exceptional piece - a "famous" coin! - that, not surprisingly, is accompanied by one of the most impressive pedigrees chains that we have ever seen.Pedigree:George Wakeford Collection (Chapman 11/1884 - Lot 200)Hyman Montagu Collection (Sotheby's 11/1896 - Lot 805)John G. Murdoch Collection (Sotheby's 6/1903 - Lot 597)C.E.G. Mackerell Collection (Sotheby's 5/1905 - Lot 26)Spink Numismatic Circular 7/1942 - No. 15448Spink 3/2004 - Lot 191 @ £19,000 (excluding BP)
Estimate: 40000-50000 USD