Florence (1530) 1/5 scudo

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Heritage sale 3081, lot 30963
Florence H3081-30963r.jpg
the Republic of Florence in 1494, on the eve of the French invasion

This specimen was lot 30963 in Heritage sale 3081 (New York, January 2020), where it sold for $5,760. The catalog description[1] noted, "Italy: Florence. Republic 1/5 Scudo ND (1st Semester of 1530) AU55 PCGS. Niccolo di Braccio Guicciardini as mintmaster. •+• FLOR | ENTIA •, stylized lily / • S • IOAN | NES • BATISTA, St. John the baptist enthroned, head turned slightly right, staff in left hand, shield above right; behind, arms of Guicciardini with N above. By all indications an extraordinarily rare emission from around the end of the Florentine republic before the domination of the Medicis. We have been able to locate only a single other specimen coming to auction in the past several decades--a lower grade raw piece that brought the equivalent of $5082 in Numismatica Ranieri's November 2011 Auction 3 (Lot 82)." The Medici family had long dominated Florence but maintained the republican forms. One of their number was elected pope Leo X in 1513, and he ensured the continuation of Medici rule until his death in 1521. In 1527, after the sack of Rome by the Germans, the Medici were thrown out of Florence and the old republic reestablished. Anarchy ennsued until emperor Charles V recaptured the city. Charles V and pope Clement VII made Alessandro de'Medici duke of Florence in 1733. He was murdered in 1535 but his cousin, Cosimo, established a dynasty that lasted until 1737.

Recorded mintage: unknown.

Specification: silver.

Catalog reference: MIR-70/18 (R3).

Source:

  • [1]Bierrenbach, Cristiano, Warren Tucker and Sam Spiegel, Heritage World and Ancient Coins Auction 3081, featuring the Caranett Collection, Dallas, TX: Heritage Auction Galleries, 2019.

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