Heritage World Coin Auctions
NYINC Signature Sale 3037 Sess. 2-4 5 January 2015
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Transylvania
Franz Rakoczi gold Ducat 1705-KV AU55 NGC, Klausenburg mint. KM530, Fr-478. Minted at Kolovar. A remarkably illustrative issue with a crowned cartouche containing the coat of arms of Transylvania and Rakoczi arms atop. The reverse motif is extremely pleasing and features a palm tree surrounded by three hills, K-V and date divided. Struck during the revolt against Austria led by Franz Rakoczi and affectionately termed a "Palm Ducat" because of the focal design. The Latin legend, "TANDEM OPPRESSA RESVRGET", loosely translated means, "though pressed, he rises", and confirms this symbolism. The present example, one of only a handful to appear publicly in the past decade, is particularly choice for the assigned grade, and presents even, harvest-gold surfaces, no visible abrasive contact, and barely a wisp of slight friction on the highpoints. The strike, while not completely full, doesn't obscure intended detail and provides a natural, semi-undulating appearance in the design-free areas. All in all, a rare example of this impressive type that yields a wonderful story. Sold with old sales envelope.Franz Rakoczi was born in 1676 into a Hungarian aristocrat family and in time would become an accomplished military leader for Hungary, leading an uprising against the Habsburgs that began in 1703 and lasted until 1711. During this period, Rakoczi, with the French-Bavarian armies as allies, led the cause for Hungarian independence from Austria. In 1704, Rakoczi began his reign as Prince of Transylvania and in September of 1705, he was elected Ruling Prince of Hungary. Peace talks began in 1705, with the sovereignty of Transylvania being a primary stumbling block on an agreement. While he saw numerous military successes up until 1706, the financial burdens of war eventually began to catch up and his military presence began to dwindle. At the Battle of Trencsén in 1708, Rakoczi fell from his horse and was thought dead. As a result much of his army defected and took an oath of allegiance to the Emperor. With a diminished army, Rakoczi's held territory became increasingly limited and in 1711, he fled to Poland. Because of his noble actions, Rakoczi is today considered a national hero in Hungary.
Estimate: 15000-20000 USD
Franz Rakoczi gold Ducat 1705-KV AU55 NGC, Klausenburg mint. KM530, Fr-478. Minted at Kolovar. A remarkably illustrative issue with a crowned cartouche containing the coat of arms of Transylvania and Rakoczi arms atop. The reverse motif is extremely pleasing and features a palm tree surrounded by three hills, K-V and date divided. Struck during the revolt against Austria led by Franz Rakoczi and affectionately termed a "Palm Ducat" because of the focal design. The Latin legend, "TANDEM OPPRESSA RESVRGET", loosely translated means, "though pressed, he rises", and confirms this symbolism. The present example, one of only a handful to appear publicly in the past decade, is particularly choice for the assigned grade, and presents even, harvest-gold surfaces, no visible abrasive contact, and barely a wisp of slight friction on the highpoints. The strike, while not completely full, doesn't obscure intended detail and provides a natural, semi-undulating appearance in the design-free areas. All in all, a rare example of this impressive type that yields a wonderful story. Sold with old sales envelope.Franz Rakoczi was born in 1676 into a Hungarian aristocrat family and in time would become an accomplished military leader for Hungary, leading an uprising against the Habsburgs that began in 1703 and lasted until 1711. During this period, Rakoczi, with the French-Bavarian armies as allies, led the cause for Hungarian independence from Austria. In 1704, Rakoczi began his reign as Prince of Transylvania and in September of 1705, he was elected Ruling Prince of Hungary. Peace talks began in 1705, with the sovereignty of Transylvania being a primary stumbling block on an agreement. While he saw numerous military successes up until 1706, the financial burdens of war eventually began to catch up and his military presence began to dwindle. At the Battle of Trencsén in 1708, Rakoczi fell from his horse and was thought dead. As a result much of his army defected and took an oath of allegiance to the Emperor. With a diminished army, Rakoczi's held territory became increasingly limited and in 1711, he fled to Poland. Because of his noble actions, Rakoczi is today considered a national hero in Hungary.
Estimate: 15000-20000 USD