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Lot
30174

Italy: Papal States. Pope Leone X gold 2.5 Ducati ND (1513-21),...

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: 10 Internet/mail/phone bidders
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Location: Heritage Auctions
445 Park Avenue, 15th Floor
New York, NY 10022
Description:
Leone X 2.5 Ducati

Amazing Papal Rarity
Papal States. Pope Leone X gold 2.5 Ducati ND (1513-21), Rome mint, Fr-43, Ber-628, Montuni I, 1, CNI-1, MS62 NGC. The earliest of the small group of Renaissance Papal gold coins and a seldom offered rarity. The obverse displays a bust of Pope Leone facing left, while the reverse shows the three Magi on horseback, riding left, guided by the comet. There are no significant flaws, and traces of luster remain.

Leo X was the son of Lorenzo de Medici, head of the Florentine Republic. He was destined for an important ecclesiastical career from an early age, and formally admitted to the College of Cardinals at age 17, in 1492. He was elected Pope in 1513 after the death of Julius II. Pope Leo spent heavily and caused a financial crisis in the Vatican, but much of this money went to rebuild, and refurbish, Saint Peter's Basilica. His tenure was also marked by the beginning of the Reformation.

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