France 1692-K louis d'or

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Jean Elsen sale 122, lot 871
France 1692K louis rev JElsen 122-871.jpg

This specimen was lot 871 in Jean Elsen sale 122 (Brussels, September 2014), where it sold for €850 (about US$1,302 including buyer's fees). The catalog description[1] noted,

"FRANCE, Royaume, Louis XIV (1643-1715), AV louis d'or à l'écu, 1692 K, Bordeaux. 1e réformation. Droit: Tête vieillie à droite, coiffée d'une perruque laurée. Revers: Ecu de France couronné. Etoile en fin de légende. Griffes au revers. Très Beau. (kingdom of France, Louis XIV (1643-1715), gold louis d'or of the shield of 1692, Bordeaux mint, first reformation. Obverse: laureate, peruked old head to right; reverse: crowned arms of France, star at end of legend. Reverse scratches, very fine.)"

Droulers[2] calls this type louis d'or à l'écu (louis of the shield). This louis d'or à l'écu was struck 1690-93. This type is usually found struck over older coins, a process involving all French silver and gold coinage during 1690-1709. These "reformations" were the result of financial manipulations too tedious to discuss here. The louis d'or à l'écu was succeeded by the louis d'or aux 4 L struck 1693-1700. Both these types are the first somewhat common gold coins since the 1640's but all are expensive relative to the silver écus. Droulers[2] catalogs this date as slightly scarce.

Recorded mintage: 12,940 "flans neufs" plus a few "flans reformés".

Specification: 6.75 g, .917 fine gold, reeded edge, 24-26 mm diameter, designed by Joseph Roëttiers, this specimen 6,68 g.

Catalog reference: Dupl., 1435A; Gad-250; Fr-429, KM 278.8, Dr/4 no. 406, Dr/2 no. 258.

Source:

  • [2]Droulers, Frédéric, Répertoire General des Monnaies de Louis XIII à Louis XVI (1610-1792), 4e édition. Paris: AFPN, 2009.
  • Duplessy, Jean, Les Monnaies Françaises Royales de Hugues Capet à Louis XVI (987-1793), Tome II, 2e édition, Paris: Maison Platt, 1999.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1601-1700, 6th ed., Iola, WI: Krause Publications, 2014.
  • [1]Philippe Elsen et al., Vente Publique 122: Collection de monnaies chinoises, Brussels: Jean Elsen et ses Fils, S. A., 2014.

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