France 1704-O louis d'or

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Heritage sale 3076, lot 31439
France H3076-31439r.jpg

This specimen was lot 31439 in Heritage sale 3076 (Long Beach, CA, September 2019), where it sold for $1,500. The catalog description[1] noted, "France. Louis XIV gold Louis d'Or 1704-O MS61 NGC, Riom mint. Overstruck on an earlier Aix Louis d'Or of the same monarch. A very rare mint within the series, this being not just the only certified example of its emissions for this date, but also one of just two of any date from this mint certified from NGC from Louis' long, 72-year reign. We have been able to find just one other example coming to market in the past several decades, a raw XF piece with a significant flan flaw and mis-cataloged under Louis XV, which brought the equivalent of $1457." Droulers[2] calls this type louis d'or aux insignes (louis with insignia). This type is usually found struck over older coins, a process involving all silver and gold coinage during 1690-1709. These "reformations" were the result of financial manipulations too tedious to discuss here. The louis d'or aux insignes, struck 1704-09, was preceded by the louis d'or aux 8 L struck 1700-04. Droulers[2] gives this date from the Riom mint a 40% premium over the common date (1704-A) but none are cheap.

Recorded mintage: 49,338[2], all on "reformed" blanks.

Specification: 6.75 g, 0.917 fine gold, reeded edge, 24-26 mm diameter, designed by Joseph Roëttiers.

Catalog reference: Dupl-1446A; Gad-254; Fr-439, Dr/4 № 416, Dr/2 № 275, KM 365.14.

Source:

  • 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.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • Gadoury, Victor, Monnaies Royales Françaises, 1610-1792, 5me éd., Monaco: Éditions Victor Gadoury, 2018.
  • [2]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.
  • [1]Bierrenbach, Cristiano and Warren Tucker, Heritage World and Ancient Coins Auction 3076, featuring the Allen Moretti Swiss Collection and the James Mossman Collection of Canadian Coinage, Dallas, TX: Heritage Auction Galleries, 2019.

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