Saxony 1764-EDC 1/2 thaler KM-974

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from the Stack's Bowers 2018 ANA sale, lot 22704
Saxony SB818-22704r.jpg

This specimen was lot 22704 in Stack's Bowers ANA sale (Philadelphia, August 2018), where it sold for $480. The catalog description[1] noted, "GERMANY. Saxony. 2/3 Taler, 1764-EDC. Friedrich August III (1763-1806). NGC MS-63. Flashy in the fields with even gold tone over the surfaces." This type was struck in 1764 for the young elector. A similar two-thirds thaler (KM 973) was struck for the regent Xaver. Altho this is listed as a two-thirds thaler (probably because of the conspicuous "⅔" on the reverse), the weight is that of a half convention thaler ("XX. EINE FEINE MARCK") and we are listing it here as such. As the reichs thaler was superseded by the convention thaler, the thaler was revalued from ninety kreuzer to 120 kreuzer. The gulden, fixed at sixty kreuzer, therefore slipped from two-thirds thaler, its value in the seventeenth century, to half a thaler.

Recorded mintage: unknown but rare.

Specification: 14.03 g, 0.833 fine silver.

Catalog reference: KM-974.

Source:

  • [1]Ponterio, Richard, Kyle Ponterio and Chris Chatigny, The August 2018 Philadelphia ANA Auction: World Coins and Selections from the El Dorado Collection of Colombian Coins, Santa Ana, CA: Stack's Bowers LLC, 2018.
  • Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.

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