Saxony 1622 60 groschen KM-379

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Künker sale 386, lot 5400

This specimen was lot 5400 in Künker sale 386 (Osnabrück, March 2023), where it sold for €2,200 (about US$2,843 including buyer's fees). The catalog description[1] noted,

"SACHSEN, KURFÜRSTENTUM, Johann Georg I. 1615-1656. Große Klippe von den Stempeln des Kipper-60 Groschen-Stückes 1622, Zwickau. Münzzeichen Anker · und drei Schwäne. III. Sorte. In den Ecken der Vorder- und Rückseite sind jeweils eine Eichel mit zwei Blättern eingraviert. Sehr schön. Aus der Sammlung "Cygnus in Nummis". Exemplar der Slg. H. Kernbach, Auktion Kricheldorf 48, Berlin 2002, Nr. 3082. (electorate of Saxony, John George I, 1615-56, large klippe struck with the dies of a kipper sixty gulden of 1622, Zwickau mint, mintmarks anchor and three swans. Third variety. An acorn with two leaves is engraved in the corners of the front and back.)"

The elector struck 8, 10, 20, 30 and 60 groschen in dozens of varieties. The shortsighted overissue of kipper coinage created a brief inflationary bubble in Germany 1619-24. After it burst, the debased coinage was called in and melted, accounting for its rarity today. The SCWC lists KM 362, 363, 364, 365, 366, 367, 368, 369, 370, 372, 373, 374, 376, 377, 378, 379, 380 as 60 groschen for 1622. This example has the weight of 7/9 thaler but the face value of 2½ thaler.

Recorded mintage: unknown.

Specification: silver, this specimen 22,15 g.

Catalog reference: KM 379, Rahnenführer/Krug 566 h (plate coin).

Source:

  • Craig, William D., Germanic Coinages: Charlemagne through Wilhelm II, Mountain View, CA: 1954.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1601-1700, 6th ed., Iola, WI: Krause Publications, 2014.
  • [1]Künker, Fritz Rudolf, Horst-Rudiger Künker, Ulrich Künker and Andreas Kaiser, Katalog 386: Brakteaten | Mainz | Bibliothek Prof. Dr. Niklot Klüßendorf | Mittelalter und Neuzeit | Goldprägungen | Deutsche Münzen ab 1871, Osnabrück: Fritz Rudolf Künker GmbH & Co., AG, 2023.

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