France 1697-AA 2 louis d'or

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Jean Elsen sale 146, lot 131

This specimen was lot 131 in Jean Elsen sale 146 (Brussels, November 2020), where it sold for €3,000 (about US$4,372 including buyer's fees). The catalog description[1] noted,

"FRANCE, Royaume, Louis XIV (1643-1715), AV double louis d'or aux quatre L, 1697AA, Metz. Flan neuf. D/ T. âgée à d., coiffée d'une grande perruque laurée. R/ Croix formée de quatre lis couronnés, cantonnée de quatre L. Très rare Traces d'ajustage. Très Beau. A l'occasion de la deuxième réformation, ordonnée par l'édit de septembre 1693, le type "aux quatre L" fut choisi pour les monnaies d'or et celui dit "aux palmes" pour celles en argent. Le différent d'atelier de Metz, le M couronné utilisé depuis 1690, fut remplacé sur les nouvelles émissions par les lettres AA sauf sur certains écus et demi-écus de 1693 où il fut conservé. Provient d'Argenor, Paris, 2007 et de la collection Teitgen, Paris, 26-28 octobre 2015, 887. (kingdom of France, Louis XIV, 1643-1715, gold double louis of the 4 L's of 1697, Metz mint, new planchet. Obverse: laureate and peruked aged head left; reverse: cross formed of four crowned lilies, cantonned with four L's. Very rare, adjustment marks, Very Fine. On the occasion of the second reformation, ordered by the edict of September 1693, the "4 L's" type was chosen for the gold coins and that called "with palms" for the silver coins. The crowned M mintmark used since 1690 was replaced by an "AA" except for some écus and half écus of 1693.)"

This type is usually found struck over older coins, a process involving all French silver and gold coinage during 1690-1709. These "reformations" were the result of financial manipulations too tedious to discuss here. The double louis d'or à l'écu was succeeded by the double louis d'or aux 4 L struck 1693-1700. Both these types are the first somewhat common gold coins since the 1640's but all are expensive relative to the silver écus.

Recorded mintage: 5,200 fn + unknown rf.

Specification: 13.5 g, 0.917 fine gold, reeded edge, 28-30 mm diameter, designed by Joseph Roëttiers, this specimen: 13.40 grams.

Catalog reference: L4L 256, Dr/4 № 399, Dupl-1439A, Fr-432, Gad-260, KM 303.2.

Source:

  • Droulers, Frédéric, Répertoire General des Monnaies de Louis XIII à Louis XVI (1610-1792), 4e édition. Paris: AFPN, 2009.
  • Duplessy, Jean, Les Monnaies Françaises Royales de Hugues Capet à Louis XVI (987-1793), Tome II, 2e édition, Paris: Maison Platt, 1999.
  • 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.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1601-1700, 6th ed., Iola, WI: Krause Publications, 2014.
  • Gadoury, Victor, Monnaies Royales Françaises, 1610-1792, 5me éd., Monaco: Éditions Victor Gadoury, 2018.
  • [1]Elsen, Philippe, et al., Vente Publique 146: Collection Anthony Lorrain Monnaies de Metz, Brussels: Jean Elsen et ses Fils S.A., 2020.

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