Great Britain 1668 5 guineas

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Ponterio sale 176, lot 20197
GB 1668 5 guineas rev P176-20197.jpg

This specimen was lot 20197 in Ponterio sale 176 (Chicago, August 2013), where it sold for $10,575. The catalog description[1] noted, "GREAT BRITAIN. Charles II, 1660-1685. 5 Guineas, 1668 VICESIMO. Elephant. Rare 1668 5 Guineas First laureate bust right. Rv. Crowned cruciform shields with scepters in angles. An impressive beginning to Mr. Law’s superb selection of milled Five Guineas, easily one of the finest in any American auction sale. Beautiful, natural golden toning over virtually mark-free surfaces. NGC EF-45. Ex: Glendining, 1975." Oliver Cromwell's death in 1659 left a leadership vacuum which was quickly filled by inviting prince Charles back from exile to become Charles II. The first series of gold coins of his regime reverted to the old practice of not dating them and come in denominations of unite, double crown and crown. When milled coinage was introduced in 1663, these denominations were retired in favor of the guinea, its fractions and multiples. The guinea would be the basis for all gold issues until the reform of 1817 and took its name from the source of the original gold, the Gulf of Guinea in west Africa. This type is listed for 1668-78.

Recorded mintage: unknown.

Specification: 41.75 g, .917 fine gold.

Catalog reference: S-3329; Fr-282; KM-430.1.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1601-1700, 6th ed., Iola, WI: Krause Publications, 2014.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • [1]Ponterio, Richard, and Bruce Roland Hagen, Ponterio sale 176: The Thos. H. Law Collection of English Gold Coins, Irvine, CA: Stack's Bowers, LLC, 2013.
  • Lobel, Richard, Mark Davidson, Allan Hailstone and Eleni Calligas, Coincraft's Standard Catalogue of English and UK Coins, 1066 to Date, London: Coincraft, 1995.
  • Skingley, Philip, ed., Standard Catalogue of British Coins: Coins of England & the United Kingdom, 46th edition, London: Spink & Son, 2011.

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