Difference between revisions of "Greece 1845 drachma"

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[[Image:SB820-21330r.jpg|300px|thumb]]
 
[[Image:SB820-21330r.jpg|300px|thumb]]
  
This specimen was lot 21330 in Stack's Bowers ANA sale (Las Vegas, August 2020), where it sold for $3,120. The catalog description<sup>[1]</sup> noted, "[[Greece|GREECE]]. Drachma, 1845. Athens Mint. Othon. NGC FINE-12. A well worn and wholesome example of this VERY RARE issue exhibiting smooth surfaces displaying light grey tone with areas of richer coloration near the rims and amongst the devices." This type is listed for 1832-34 and 1845-47 and, like most of the issues of nineteenth century Greece, is scarce. Drachmai struck 1868 and later were minted to the standard of a French silver franc. Greece, poor, backward, corrupt and riven by feuds, could ill afford a substantial silver coinage. King Otto fell foul of the local politicians and was forced to abdicate in 1863.  
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This specimen was lot 21330 in Stack's Bowers ANA sale (Las Vegas, August 2020), where it sold for $3,120. The catalog description<sup>[1]</sup> noted, "[[Greece|GREECE]]. Drachma, 1845. Athens Mint. Othon. NGC FINE-12. A well worn and wholesome example of this VERY RARE issue exhibiting smooth surfaces displaying light grey tone with areas of richer coloration near the rims and amongst the devices." This type is listed for 1832-34 and 1845-47 and, like most of the issues of nineteenth century Greece, is scarce. Drachmai struck 1868 and later were minted to the standard of a French silver franc. Greece, poor, backward, corrupt and riven by feuds, could ill afford a substantial silver coinage.  
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Wikipedia comments, <blockquote>"Otto (1815-67) was a Bavarian prince who ruled as King of Greece from the establishment of the monarchy on 27 May 1832, under the Convention of London, until he was deposed on 23 October 1862. The second son of King Ludwig I of Bavaria, Otto ascended the newly created throne of Greece at age 17. His government was initially run by a three-man regency council made up of Bavarian court officials. Upon reaching his majority, Otto removed the regents when they proved unpopular with the people, and he ruled as an absolute monarch. Eventually his subjects' demands for a constitution proved overwhelming, and in the face of an armed (but bloodless) insurrection, Otto granted a constitution in 1843."</blockquote>
  
 
''Recorded mintage:'' unknown but a rare date.
 
''Recorded mintage:'' unknown but a rare date.
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''[[Bibliography|Source:]]''
 
''[[Bibliography|Source:]]''
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* Jean-Paul Divo, ''Modern Greek Coins, 1828-1968.'' Amsterdam: Jacques Schulman NV, 1968.
 
* Michael, Thomas, and Tracy L. Schmidt, ''Standard Catalog of World Coins, 1801-1900, 9th ed.'', Iola, WI: Krause Publications, 2019.
 
* Michael, Thomas, and Tracy L. Schmidt, ''Standard Catalog of World Coins, 1801-1900, 9th ed.'', Iola, WI: Krause Publications, 2019.
 
* <sup>[1]</sup>Orsini, Matt, Richard Ponterio and Kyle Ponterio, ''The August 2020 ANA Auction: World Coins, featuring the Duke of Lansing Collection,'' Santa Ana, CA: [http://www.stacksbowers.com Stack's Bowers LLC], 2020.  
 
* <sup>[1]</sup>Orsini, Matt, Richard Ponterio and Kyle Ponterio, ''The August 2020 ANA Auction: World Coins, featuring the Duke of Lansing Collection,'' Santa Ana, CA: [http://www.stacksbowers.com Stack's Bowers LLC], 2020.  
  
 
''Link to:''
 
''Link to:''
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* [[Greece 1833 drachma|1833 drachma]]
 
* [[Greece 1833-A drachma|1833-A drachma]]
 
* [[Greece 1833-A drachma|1833-A drachma]]
* [[Greece 1851 drachma|1851 drachma]]
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* [[Greece 1845 1/4 drachma|1845 ¼ drachma]]
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* [[Greece 1846 drachma|1846 drachma]]
 
* [[Coins and currency dated 1845]]
 
* [[Coins and currency dated 1845]]
  
 
[[Category:Selections from the Stack's Bowers 2020 ANA sale]]
 
[[Category:Selections from the Stack's Bowers 2020 ANA sale]]

Latest revision as of 14:27, 30 May 2023

Stack's Bowers 2020 ANA sale, lot 21330
SB820-21330r.jpg

This specimen was lot 21330 in Stack's Bowers ANA sale (Las Vegas, August 2020), where it sold for $3,120. The catalog description[1] noted, "GREECE. Drachma, 1845. Athens Mint. Othon. NGC FINE-12. A well worn and wholesome example of this VERY RARE issue exhibiting smooth surfaces displaying light grey tone with areas of richer coloration near the rims and amongst the devices." This type is listed for 1832-34 and 1845-47 and, like most of the issues of nineteenth century Greece, is scarce. Drachmai struck 1868 and later were minted to the standard of a French silver franc. Greece, poor, backward, corrupt and riven by feuds, could ill afford a substantial silver coinage.

Wikipedia comments,

"Otto (1815-67) was a Bavarian prince who ruled as King of Greece from the establishment of the monarchy on 27 May 1832, under the Convention of London, until he was deposed on 23 October 1862. The second son of King Ludwig I of Bavaria, Otto ascended the newly created throne of Greece at age 17. His government was initially run by a three-man regency council made up of Bavarian court officials. Upon reaching his majority, Otto removed the regents when they proved unpopular with the people, and he ruled as an absolute monarch. Eventually his subjects' demands for a constitution proved overwhelming, and in the face of an armed (but bloodless) insurrection, Otto granted a constitution in 1843."

Recorded mintage: unknown but a rare date.

Specification: 4.48 g, 0.900 fine silver.

Catalog reference: KM-15; Geo-74.

Source:

  • Jean-Paul Divo, Modern Greek Coins, 1828-1968. Amsterdam: Jacques Schulman NV, 1968.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • [1]Orsini, Matt, Richard Ponterio and Kyle Ponterio, The August 2020 ANA Auction: World Coins, featuring the Duke of Lansing Collection, Santa Ana, CA: Stack's Bowers LLC, 2020.

Link to: