Bulgaria 1891-KB 50 stotinki

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CNG Lissner sale, lot 59

Bulgaria fought a protracted war against the Ottomans, culminating in liberation from the latter's rule in 1878. The new Bulgarian state was quite weak, however, and new conflicts drew it into the Balkan Wars of 1912-1913, along with Serbia and Greece, once again against the Ottomans in Turkey. This specimen was lot 59 in Classical Numismatic Group's sale of the Lissner Collection (Chicago, August 2014), where it sold for $5,142.50. The catalog description[1] noted, "BULGARIA, Principality. Ferdinand I. 1887-1908. AR 50 Stotinki. Körmöcbánya (Kremnitz) mint. Dated 1891 KB. In NGC encapsulation graded MS 66. Gem iridescently toned uncirculated. A superb original coin and finest this cataloguer has ever seen. Extremely rare this choice and an absolute gem. Highest ever graded by far. Purchased from M. Louis Teller, November 1980." This specimen sold for almost two hundred times the catalog value. It was struck in Hungary.

Recorded mintage: 2,000,000.

Specification: 2.5 g, .835 fine silver, this specimen Ø17 mm, 2.51 g, 5h axis.

Catalog reference: KM 12; Y 12.


  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • [1]Teller, M. Louis, and Victor England, Jr., The Richard Lissner Collection, Lancaster, PA: Classical Numismatic Group, 2014.

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