Sweden 1862-ST LA riksdaler specie Dav-356

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Sincona sale 9, lot 5140
This specimen was lot 5140 in Sincona sale 9 (Zurich, October 2012), where it sold for 1200 CHF (about US$1,518 including buyer's fees). The catalog description[1] noted,
"SCHWEDEN Karl XV. 1859-1872. Taler 1862. Fast FDC. (Sweden, Charles XV, 1859-72, thaler of 1862, choice uncirculated.)"
This type was struck 1861-71 and is somewhat common. Many varieties exist for 1862 (with or without engraver's initials "LA", 1862/1 overdate, etc.). The present dynasty is descended from Charles Bernadotte, one of Napoleon's generals who defected to Sweden. Collecting Swedish coins is complicated by the multiple currency reforms the country underwent during the period. In 1798, 48 skilling = 1 riksdaler species and 2 riksdaler species = 1 ducat (the riksdaler species was 29.36 g, .878 fine silver). In 1830, 32 skilling banco = 1 riksdaler riksgald and 4 riksdaler riksgalds = 1 riksdaler species (the riksdaler species became 34 g, .750 fine silver). In 1855, the skilling was dropped and 100 öre = 4 riksdaler riksmynt = 1 riksdaler species (the riksdaler species remained unchanged). In 1873, the riksdaler species was dropped and 100 öre = 1 krona (the krona, at 7.5 g, .800 fine silver, was slightly smaller than the old riksdaler riksmynt). The system adopted in 1873 is still in use today, the Swedes having recently declined to adopt the euro.

Recorded mintage: 943,000 (all varieties).

Specification: 34 g, .750 fine silver, this specimen 33,91 g.

Catalog reference: SM 15b, Dav-356, KM 711.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • Davenport, John S., European Crowns and Talers, Since 1800, 2nd Ed., London: Spink & Son, 1964.
  • [1]Numismatic Coins, Medals, Banknotes & Books: Auction 9, Zurich: SINCONA AG, 2012.

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