Sweden 1710 1/2 daler
This specimen was lot 1172 in Steve Album Auction 51 (Santa Rosa, CA, January 2025), where it sold for $1,080. The catalog description[1] noted, "SWEDEN: Carl XII, 1697-1718, AE 1/2 daler S.M., 1710, plate money issue, with 5 bold stamps, non-salvaged, mounted (undamaged) in frame to hang on wall, F-VF, ex Dr. Robert A. Rosenfeld Collection. From 1624, daler were issued in copper as well as silver. Because of the low value of copper, large plate money (plåtmynt) was issued. These were rectangular pieces of copper weighing, in some cases, up to several kilograms. They circulated until 1776. As silver became scarce, the silver daler rose in value relative to the copper daler, with the exchange rate between the two eventually being set at a ratio of 3 to 1. Denominations in copper money were marked K.M. or KMT, with S.M. or SMT denoting silver money. The cumbersome size and weight of plate money eventually prompted Sweden to become the first country in Europe to issue banknotes." The SCWC lists KM PM43 (copper from Stora Kopparberg and Ljusnarsberg) and KM PM45 (copper from Garpenberg) for 1710-12.
Recorded mintage: unknown.
Specifications: copper.
Catalog reference: KM-PM30.
- Bjorne Ahlström, Yngve Almer and Bengt Hemmingson, Sveriges Mynt, 1521-1977, the Coinage of Sweden. Stockholm: Numismatika Bokforlaget AB, 1976.
- Delzanno, Roberto, Myntårsboken 2022, Sveriges Mynt 995-2021, 1:a upplagen, Stockholm, 2021.
- Bertel Tingstrom, Plate Money, the World's Largest Currency. Stockholm: Royal Coin Cabinet, 1986.
- Michael, Thomas, Standard Catalog of World Coins, 1701-1800, 7th ed., Iola, WI: Krause Publications, 2016.
- [1]Album, Stephen, Joseph Lang, Paul Montz, Michael Barry and Norman Douglas Nicol, Auction 51, featuring the Howard Daniel III Collection of Asian Coins, the Almer H. Orr III Collection of World Coins and the Joe Sedillot Collection of German Coins, Santa Rosa, CA: Stephen Album Rare Coins, Inc., 2024.
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