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Lot
25205

Transylvania: Sigismund Rákóczi gold 10 Ducats 1607,...

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

 
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Auction Ended On: Jan 6, 2014
Item Activity: 7 Internet/mail/phone bidders
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Location: Waldorf Astoria - Norse Suite
301 Park Avenue
New York, NY 10022

Description:
A Very Rare Multiple Ducat of Sigismund Rákóczi
Sigismund Rákóczi gold 10 Ducats 1607, KM44, Fr-323, AU55 NGC. A stunning example of this type. The strike is well-executed on a broad flan with only one minor, visible flaw at 5 o'clock on the obverse. Slight doubling is noted in the legends of the upper-left obverse quadrant and a couple of tiny nicks are present in the obverse fields, remarkably few for gold coin of this size and age. Luster remains in protected areas, particularly on the reverse dated in Roman numerals around a verse eschewing the mercy of God.

Sigismund was elected Prince of Transylvania in February of 1607 following the death of Stephen Bocskay in opposition to the candidates desired by the Hapsburgs and Ottomans. He was an able governor and administrator, but was forced to resign in March of 1608 by Gabriel Báthory to prevent an internal conflict involving Hajduks who had been unpaid for their service to Bocskay. Very rare, our research has yielded records of only three distinct specimens (including this one) sold at auction in the past decade and none since 2008. This multiple ducat presents an uncommon opportunity for the specialist in Transylvanian issues.
From the collection of Donald E. Bently, sold for the benefit of the Bently Foundation Krause catalog price(s) for this item: $19000 in VF, $31500 in EF.

Please note: Many Krause World Coin catalog prices are updated infrequently. Therefore this information is offered to bidders as a time-saving convenience only. Some Krause prices may be outdated and/or inaccurate due to fluctuating markets, newly discovered hoards, data entry errors (whether on Krause's part or ours) or other factors.

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Very good selection of scarce material as well as some for the average collector.
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Rochester, MN
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