France 1704-P louis d'or

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Jean Elsen sale 122, lot 874
France 1704P louis rev JElsen 122-874.jpg

This specimen was lot 874 in Jean Elsen sale 122 (Brussels, September 2014), where it sold for €585 (about US$896 including buyer's fees). The catalog description[2] noted,

"FRANCE, Royaume, Louis XIV (1643-1715), AV louis d'or aux insignes, 1704 P, Dijon. 4e réformation. Droit: Tête laurée à droite, les cheveux courts. Revers: Croix formée de quatre lis couronnés, brochant sur un sceptre et une main de justice. Rare. Très Beau. (kingdom of France, Louis XIV (1643-1715), gold louis d'or of the insignia of 1704, Dijon mint, fourth reformation. Obverse: laureate head to right with short hair; reverse: cross formed of four crowned lilies over a scepter and the hand of justice. Rare, very fine.)"

Droulers[1] calls this type louis d'or aux insignes (louis with insignia). 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 louis d'or aux insignes, struck 1704-09, was preceded by the louis d'or aux 8 L struck 1700-04. Droulers[1] gives this date from the Dijon mint a 40% premium over the common date (1704-A) but none are cheap.

Recorded mintage: unknown[1].

Specification: 6.75 g, 0.917 fine gold, reeded edge, 24-26 mm diameter, designed by Joseph Roëttiers, this specimen 6,56 g.

Catalog reference: Dupl., 1446A; Gad-254; Fr-439, Dr/4 № 416, Dr/2 № 275, KM 365.3.

Source:

  • [1]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.
  • Gadoury, Victor, Monnaies Royales Françaises, 1610-1792, 5me éd., Monaco: Éditions Victor Gadoury, 2018.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
  • [2]Philippe Elsen et al., Vente Publique 122: Collection de monnaies chinoises, Brussels: Jean Elsen et ses Fils, S. A., 2014.

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