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Christian VII Danish Asiatic Company Piastre 1777 - The Greenland Dollar,...

Lot: 20737, Auction: 2009 September Long Beach, CA Signature World Coin Auction #3006

Sold for: Sign-in or Join (free & quick)
Ended: Sep 9, 2009
Item Activity: 4 Internet/mail bidders
2,387 page views

Description:

The Famous Greenland Dollar

Christian VII Danish Asiatic Company Piastre 1777 - The Greenland Dollar, KM639.2, Davenport 412, Salv-52, AU58 NGC, highly appealing old-time cabinet patina with traces of luster in the legends. The Greenland Dollar is a bit of a misnomer in that it was struck for trade in the Orient, but includes the Danish island territories on the coin, namely Greenland, Iceland and the Faroe Islands. The design of the coin was inspired by the dominant Asian trade coin, the Spanish colonial pillar 8 Reales. This variety utilizes the ISLAN spelling for Iceland, rather than ISLAND. Salveson knew of 21 examples of this variety with 12 in museums. The Greenland Dollar is prized by collectors of Scandinavia, world crowns and trade dollars, and is easily one of the most famous coins ever struck. Estimate: $40,000 - $50,000.

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