Among the numerous world coin rarities on offer in Heritage Auctions’ ANA world and ancient coin sales held Aug. 12-17 in Chicago was one of the nicer Triple Unites to appear on the market in recent years.
The legendary coin of Charles I was struck between 1642 and 1644 mainly at his Oxford Mint during the English Civil War. It weighed in at 421 grains or 27.28 g or 0.877 oz. Given the circumstances of its striking it is hardly surprising that it comes in at least nine major varieties. The present example catalogs as S-2729, KM-338.
The Heritage catalog noted that some 60 examples have been sold publicly in the past 10 years. The present coin came in choice condition, grading as Numismatic Guaranty Corporation AU-58. However, the cataloger qualifies this, noting … “hammered coins often have nuances that a single number alone fails to entirely address.”
As might be expected the bidders were out in force. When the dust finally settled a new owner had been found for $249,998.88.
This is the second highest price ever paid for a Triple Unite. The record is also claimed by Heritage. It dates from 2005 when $431,250 was paid for an example of the extremely rare short olive branch variety, S-2725A, graded NGC MS-63.
In 2011 St. James Auctions sold a choice example of S-2729, the same as offered by Heritage in August, for £150,000 [$233,173].
This article was originally printed in World Coin News.
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