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    Description

    1896 Fifth Talent
    Private Coinage Proposal

    1896 Fifth Talent, Judd-Unlisted, Krause X#1, Silver, Uncirculated Uncertified. 24.3 mm., 6.5 grams. Offered in the pattern section following the precedent set in the 1914 ANS Exhibition catalog, this privately-produced piece illustrates a proposal for a universal world-wide coinage in an alloy combining silver and gold. These pieces are known in two sizes, 37 mm. that is denominated "one talent" and 24 mm. that is denominated "one-fifth talent." The obverse depicts a map of the Eastern hemisphere with the legend ARGENTUM - UNIVERSALE and the date. The reverse depicts a map of the Western hemisphere with the legend UNITED STATES OF AMERICA and FIFTH TALENT. This lovely example is sharply struck and lustrous with original deep gold patina.

    Our consignor provided a newspaper article dated July 7, 1896 from the Evening Sentinel of California. Mr. Emil Greeff, who appears in New York City Directories as an importer, is identified as the originator of these pieces that were described as "one part gold to four parts silver." The article notes:

    He believes that the union of gold and silver in a single coin in a definite, unvarying proportion of weight and measure would solve the problem of a common money standard or measure of value. This coin could be used as a universal legal tender, with which all international debts could be liquidated.


    Auction Info

    Auction Dates
    August, 2017
    2nd-6th Wednesday-Sunday
    Bids + Registered Phone Bidders: 19
    Lot Tracking Activity: N/A
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