There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid :
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) Buyer's Premium).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) Buyer's Premium).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
24086

Great Britain: James I (1603-25) gold Spur-Ryal ND,...

2014 January 5 - 6 World & Ancient Coin Signature Auction - New York #3030

 
Sold for: Sign-in or Join (free & quick)
Make Offer:

The owner of this Item has been actively participating in the Make Offer to Owner program. Make Offer to Owner
Auction Ended On: Jan 6, 2014
Item Activity: 4 Internet/mail/phone bidders Number of Bidders
901 page views
Location: Waldorf Astoria - Norse Suite
301 Park Avenue
New York, NY 10022

Description:
A Spectacular "Crowned Lion" Spur-Ryal of King James
James I (1603-25) gold Spur-Ryal ND, of 15 Shillings, S-2634, North-2109 (very rare), Schneider-79, 3rd Coinage of 1619-25, Tower mint London, Spur rowel mm (struck 1619-20), MS64 NGC, a superb coin, lustrous and exceptionally choice, struck on a nearly perfect, broad flan having a very light crease on the right side of the shield on obverse (struck in 23ct 3.5 gr gold, or .995 fine, almost pure gold), very close to being fully struck, the crowned lion fully detailed except for a single tiny tuft of fur on his chin, his right paw clutching the sceptre also being crisp in detail, as are his eyes and the crown upon his head; on reverse, only one lis and two of the tiny lions passant under their crowns are not fully detailed, the Tudor rose upon the spur rowel at the center of the royal cross is also bold, as are the encircling beaded crescents and the beaded inner circle. Most of the outer beaded rim shows on each side. The legends are fully detailed and complete on each side, and the 6-pointed spur-rowel initial mark on each side within the legend is also fully struck with the center being a sharply defined open circle. These are qualities of a truly bold strike, not seen on many specimens. Edges are normal. All in all, this is a fantastic example of this great Jacobean rarity, one of the most difficult hammered gold coins to find in any grade, let alone in this state of preservation. The cataloguer remembers reviewing the British hammered gold at the Ashmolean Museum, at Oxford University, which contained two of these pieces, one with a hole. That reveals its rarity. Ex Millennia (May 2008, Lot 300, at $65,000) and Jacob Y. Terner Collections. A similar coin, struck from the same dies, sold for $120,000 plus buyer's fees in October 2013.

King James, the scholarly Scot whose lineage was among the most royal of all English monarchs, introduced a series of new denominations and attendant style changes, importantly including the Scottish arms in his royal shields, for the first time ever, as he was both James VI of Scotland and James I of the combined kingdoms. Frequently his coins display the national emblem of Scotland, the thistle, as an Initial Mark. Elizabeth had begun this transition to more denominations, recognizing the needs of commerce as the nation's wealth grew. For many years, the Angel, made of high-grade gold and carrying a "face value" of 6 Shillings and 8 Pence (the standard "professional fee") in the Middle Ages, was the coin made in largest quantities. At times the Angel was variously valued, as low as 8 Shillings for Henry VIII and as high as 10 Shillings in Elizabeth's reign, its value as this reign began. James I introduced a new coin, the Spur-Ryal, worth 15 Shillings, clearly stated on the coin as "X V" - seen on this coin split by the royal shield. Handily, it was worth one and a half Angels at the time of its first appearance. Marking the denomination on the coins themselves was a practice that commenced in this reign. Gold became more plentiful as an ore during this era - beginning with Elizabeth I and continuing forward - largely as a result of new trade. European trading abounded: gold coins minted from raw bullion mined in the New World and shipped to Spain, then reminted as that money moved across borders, eventually became English coins when traded to England. Another major source of new money in the form of gold was the growth of trade in the East - China, the Malay Peninsula, India and Ceylon - which exchanged silks, spices, gemstones and other native goods for English luxuries. Gold flowed into England as never before. When Queen Elizabeth, almost with her last breath, named her successor with these words - "I will that a king succeed me, and who but my kinsman the king of the Scots" - could she have imagined that the wealth of the nation which she inspired ever have taken form in such regal gold money as this fabulous Spur-Ryal with its sunburst reverse and its portrait of the king himself as a crowned lion?

View all of [The Hans Cook Collection of British Gold ]
View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
866,099
bidder-members
$926,134,978
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 6 days left to consign to the 2014 June 5 - 8 LB Expo US Coins Signature Auction - Long Beach!
Learn About Consigning With Us
I would also like to thank your auction company for the promotion of the auction and was pleasantly surprised by the number of bidders who attended, as well as the prices realized. It was a pleasure doing business with you.
[ Entire Letter » ]
Warren Miller
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 March 21 &  23 US Coins Signature Auction - San Francisco
2014 March 21 & 23 US Coins Signature Auction - San Francisco
REALIZED $4,375,539
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
REALIZED SO FAR $14,512,232
2014 January 9 & 13 FUN World Currency Signature Auction - Orlando
2014 January 9 & 13 FUN World Currency Signature Auction - Orlando
REALIZED $305,199