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1896 Fifth Talent, Judd-Unlisted, Krause X#1, Silver, Uncirculated Uncertified....
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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.
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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