Thursday, October 3, 2013

100 Pesetas of Amadeo I sold £120,000

100 Pesetas of Amadeo I sold for £120,000 in Spink World Coin auction in London on the 1st October 2013. With only 25 pieces were produced during a very short reign (January 1871 - February 1873) of Amadeo I of Spain, the second son of King Vittorio Emanuele II of Italy and was known for most of his life as the Duke of Aosta.

The sale featured 600 lots from around the world, including superb rarities from Italy, Spain and Transylvania with almost £2 million of rare world coins sold.

Pesetas
Lot 527: Spain, Amadeo, 100-Pesetas, 1871
Price Realised: £120,000

During a very short reign (January 1871 - February 1873) Amadeo sanctioned two gold coins, the 25-Pesetas and the 100-Pesetas, both dated 1871. Only 75 of the larger denomination were produced, 50 in red gold and 25 in yellow gold. There is an 100-Pesetas in yellow gold in the collection. The last time an example of this coin appeared on the market was in Madrid in 1995, when it was offered for 15 million pesetas (equivalent to 90,000 euros).

Among the highlights were several coins that sold climbed well above the estimate:
Doppia

Lot 214: Italy, Compiano, Federico Landi, Doppia
Price Realised: £55,200

Doppia

Lot 258: Italy, Genoa, da Dodici Doppie e Mezza (12½-Doppie), 1638
Price Realised: £150,000

10 Ducats

Lot 567: Transylvania, Kolozsvár-Klausenburg, Georg I Rakoczi, 10-Ducats, 1631
Price Realised: £75,600


Lot 298: Italy, Modena, Francesco I d'Este, 10-Scudi d'oro, undated
Price Realised: £83,600

Spink is pleased to have achieved such excellent results with yesterday's sale, especially with such striking and historically significant coins that have been off the market for so long.

The Spink Coin Department has said "we are delighted with the results of Spink's most important World Coins sale for many years. When combined with our specialist English and Indian sales of last week, these three sales have realised over £3 million, showing that Spink is a magnet for coin buyers from around the globe."