Algeria AH 1241 2 budju
The first specimen was lot 1931 in Goldberg sale 112 (Los Angeles, September 2019), where it sold for $79. The catalog description[1] noted, "Algeria. AH1241 (1825). PCGS graded Extremely Fine, Details (Tooled)." The second specimen was lot 34303 in Heritage sale 3082 (New York, January 2020), where it sold for $456. The catalog description[2] noted, "Islamic Dynasties: Ottoman Empire. Mahmud II 2 Budju AH 1241 (1825/1826) MS63 NGC, Jazair mint (in Algeria). A stunning representative of this conditionally sensitive issue, ranking as the finest certified across both major grading services--a full five points above the next finest at NGC. Seldom are Mahmud's Algerian issues ever encountered in Mint State, making this a true series rarity." This type was struck in Algiers AH 1236-1244. It was accompanied by 1 budju (KM 68), 1/3 budju (KM 62) and quarter budju (KM 67). From the sixteenth century until its final suppression in the early nineteenth century, piracy was the main source of revenue for the north African states of Algiers, Tunis and Morocco. Its end weakened those states and made them easy prey for European colonizers, particularly France, which invaded and conquered Algeria in the 1840's. The French found the interior tribesmen extremely obstreperous as had the previous regime, and never succeeded in imposing obedience.
Recorded mintage: unknown.
Specification: silver, 19.5-20.0 g.
Catalog reference: KM-75, UBK-pg. 264.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- [1]Goldberg, Ira, Larry Goldberg, John Lavender, Yifu Che, Jason Villareal and Stephen Harvey, Goldberg Sale 112: the Pre-Long Beach Auction, Los Angeles: Goldberg Coins and Collectibles, 2019.
- [2]Bierrenbach, Cristiano, Warren Tucker and Sam Spiegel, Heritage World and Ancient Coins online Auction 3082, featuring the Caranett Collection, Dallas, TX: Heritage Auction Galleries, 2019.
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