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30122

Great Britain: James I gold Rose-Ryal ND,...

2014 January 14 - 16 Selections From the Eric P. Newman Collection Part III Signature Auction - New York #3029

 
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Auction Ended On: Jan 14, 2014
Item Activity: 9 Internet/mail/phone bidders
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Location: Heritage Auctions
445 Park Avenue, 15th Floor
New York, NY 10022
Description:
James I Rose-Ryal

Sharply Detailed
James I gold Rose-Ryal ND, S-2632, North-2108 (rare), UNC Details "Rev Scratched" NGC. 3rd Coinage, Lis mm (struck 1623-24). Struck on a broad flan with mostly bold details. The king's facial features are clear as are all the features of the central shield on reverse; ancient fine scratches are seen in the field to left of the shield; both inner and outer beaded circles are well defined as are details of the encircling band of lis, lions and crowns. The legends and the Lis mintmark on each side are also nice and sharp, and the full flan is replete with lovely golden toning.


The two types of Ryals struck during this reign are among the largest and most intrinsically valuable coins of the late Renaissance, valued at 30 Shillings from 1603 through 1611, but briefly valued at 33 Shillings throughout the remainder of the 2nd Coinage, ending in 1619. The fluctuating value caused melting for profit, which diminished the number extant. When the redesigned gold Ryal was introduced in 1619 for the 3rd Coinage, it reverted to its traditional value of 30 Shillings until the reign ended. This last issue, which is rarer than the first, is easily identified by its value being engraved on the reverse side just above the shield as well as by the side-facing portrait of James artistically enclosed within the diapered background of his throne and an ornately decorated field surrounding the throne. More perspective is seen on the throne than on the earlier issue. The king's feet still rest on a portcullis but it too has been redesigned to be a larger feature. This beautiful coin, with its sharply struck details, indeed reveals characteristics of style that distinguish it as a late Renaissance issue. Another advance seen on these coins was the use of marks of value -- such as the "XXX" seen on this coin, stating a value of 30 Shillings. Although not all coins of this period display marks of value, the practice became more and more frequent throughout the century until, in the Commonwealth period, it became the standard used until the era of Milled Coinage did away with it again. By then, the technically finer quality coins, made possible by the new minting machines and finer engraving tools, allowed for a more consistently superior coinage in both silver and gold. The charming results of hand-engraved broad dies used to strike thin, nearly pure gold coins soon became a lost art, and both the men who made them and the coins themselves drifted into history.

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