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    A Classic 19th Century French Rarity

    Napoleon III gold 100 Francs 1870-A AU53 NGC, Paris mint, KM802.1, Fr-580, Gad-1136, Le Franc-551/14. A classic French rarity, this last-year-of-type issue was struck to the tune of 10,460 pieces. However, after Prussia defeated Napoleon III, putting an end to the Franco-Prussian War, the majority of this date's mintage was sent to Germany as a partial reparation for their loss. Later melted by the Germans, the only survivors became those that had, for one reason or another, escaped into circulation. Not immediately recognized as a rarity, today, examples are very rare with nearly all showing some evidence of having circulated.

    The present example, like most found, is essentially fully detailed with some scattered marks that reflect a brief circulating period. Light copper tone clings to the devices and adds a touch of pleasing contrast to the otherwise yellow-gold surfaces.

    Rarely encountered on the market, we have been able to locate a single example selling at auction within the past decade. That piece, rather comparable to the present in overall condition and appearance, hammered for 46,000 Swiss Francs in a 2007 UBS auction. Given the present strength in the market, and the significant development in the prices realized of significant rarities in the intervening 7 years, we can only anticipate continued price escalation for this date. As such, this represents a true standout coin in this Platinum Night auction, and an opportunity that will likely remain unduplicated for some time to come.

    Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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    Auction Info

    Auction Dates
    August, 2014
    8th Friday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 3,229

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