Crete 1901 50 lepta

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Heritage sale 3032, lot 24533
Crete 1901 50 lepta rev H3032-24533.jpg
from the Mountain Groan Collection
Crete 1901 50 lepta rev DSLR.jpg

The first specimen was lot 24533 in Heritage sale 3032 (Chicago, April 2014), where it sold for $7,343.75. The catalog description[1] noted, "Greek Administration - Prince George 50 Lepta 1901, Paris mint, MS65 NGC. A truly stunning example of this rare one-year type. The strike is bold and a light dusting of russet toning adds a pleasing contrast to the full, original, mint frost. Only a few minuscule marks are noted and the overall appearance is absolutely incredible. Rare at all levels of Mint State, this elusive issue is exceedingly rare in this Gem condition. By far, the finest we have seen and also the single finest piece certified by NGC." Around the turn of the century, the island of Crete was contested by Greece and Turkey. The overwhelmingly Greek population of the island favored union with Greece but the Powers, not wanting to partition Turkey too rapidly, forced the Greek king to accept Turkish suzerainty over his control. This unwieldy arrangement lasted until 1913, when Greece annexed the island. This fifty lepta, the only dime, is scarce but only expensive in XF or better.

Recorded mintage: 600,000.

Specification: 2.5 g, .900 fine silver.

Catalog reference: KM 6.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • [1]Bierrenbach, Cristiano, Warren Tucker and David Michaels, Heritage World and Ancient Coins Auction 3032, Dallas, TX: Heritage Auction Galleries, 2014.

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