Denmark 1691-CW 2 ducats Fr-154

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Heritage sale 3029, lot 30044
photo courtesy Heritage Auction Galleries

This specimen was lot 30044 in Heritage sale 3029 (New York, January 2014), where it sold for $23,500. The catalog description[1] noted,

"Possibly the Finest Known Christian V gold 2 Ducats 1691-CW, MS62 NGC. ex. Bruun Collection, 5/1925. An incredible rarity within the Danish series and according to Newman's envelope that accompanies the lot, one of only 7 known. While that number is certainly dated by several decades (at least), a search of modern auction sales appears to support a very limited number extant. Research shows that two examples have sold in recent times: the first, in part II of the Jens Dahl Knudsens Collection for 52,000 Krone in 2006, and the second, a similar quality specimen to the present, by Bruun Rasmussen in 2012 for 12,000 Euros. When comparing the present example to that of the Rasmussen coin, several interesting observations are made. Most interestingly, the present coin was stuck from a much earlier die state, as reverse die cracks appear faintly visible on the Newman coin, but become much bolder and more expansive on the Rasmussen coin. Could failure of the reverse die have led to this type's overall rarity? Whatever the case, the collector now has a chance to acquire a gorgeous representative, with sparkling luster that adorns the fields and full central detailing that surpasses that on the Rasmussen coin. Another landmark opportunity. Ex: "Colonel" E.H.R. Green; Green Estate' Partnership of Eric P Newman/B.G. Johnson."

This one year type is very rare, like the rest of the gold issues of Denmark during the period. A single ducat (Fr-156) accompanies this issue.

Recorded mintage: unknown.

Specification: 6.95 g, .979 fine gold, .219 troy oz AGW.

Catalog reference: KM416, Fr-154, H-27B, N-101.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1601-1700, 6th ed., Iola, WI: Krause Publications, 2014.
  • Siegs Møntcatalog 2016: Danmark med Omrader, 48 ed., Frederikssund, Siegs Forlag ApS, 2015.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • [1]Bierrenbach, Cristiano, Stuart Levine and Bruce Lorich, Heritage World and Ancient Coins Auction 3029, featuring Selections from the Eric P. Newman Collection, Part III, Dallas, TX: Heritage Auction Galleries, 2013.

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