France AN12-T 1/2 franc KM-648.12

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Stack's Bowers September 2025 Collectors Choice sale, lot 71254
SB925-71254r.jpg

This specimen was lot 71254 in Stack's Bowers Collectors Choice sale (Costa Mesa, CA, September 2025), where it sold for $1,320. The catalog description[1] noted, "FRANCE. Consulate. Demi Franc (1/2 Franc), Year 12-T (1803/4). Nantes Mint. Napoleon (as First Consul). PCGS Genuine--Cleaned, AU Details. A lesser-encountered minor, this specimen is essentially free from evidence of circulation, though some scattered cleaning marks are observed, accounting for the designation. From the Richard Margolis Collection (acquired from Palombo in 2006 for $1,825 [!]). Ex: Maison Palombo (5/2006) Lot # 451." Year 12 (1803-04) represents the first year all the silver and gold denominations appeared. This type was struck year XI and 12 and the Paris and Limoges mint product is moderately common; the others are all scarce to very rare.

Recorded mintage: 16,885[2], a rare date, plus 3,735 of the Empereur type (F.174/9).

Specification: 2.5 g, 0.900 fine silver, 18 mm diameter, reeded edge. Designed by Pierre Joseph Tiolier, 1763-1819.

Catalog reference: F.173/14, KM-648.12; Gad-394.

Sources:

  • Gadoury, Victor, Monnaies Françaises, 1789-2019, 24me éd., Monaco: Éditions Victor Gadoury, 2019.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • [2]Prieur, Michel, and Laurent Schmitt, Le Franc 10: Les Monnaies, Paris: Éditions les Chevau-légers, 2014.
  • [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, September 2025 World Collectors Choice Online Auction, including Selections from the Richard Margolis Collection and Selections from the L.E. Bruun Collection, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2025.

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