Lot 1369
Great Britain. 5 Guineas, 1668. S.3328; Fr-281; KM-430.1. Charles II, 1660-1685. First laureate bust of King facing right, pointed truncation. Reverse; Crowned cruciform shields, Edge 'VICESIMO' in raised letters. This mint state 5 Guinea's in our opinion was truly under graded. Sharply struck with full mint brilliance, rich golden toning, reflective fields and visually stunning eye-appeal. Pop 1; Highest grade at both PCGS and NGC. NGC graded MS-60. Estimated Value $75,000 - UP
King Charles was born at St James's Palace on May 29th 1630. He succeeded as King of England, Scotland and Ireland after the execution of his father Charles I on January 30th 1649, but within a few days Oliver Cromwell and the Rump Parliament abolished the monarchy. After several years in exile Charles II eventually became King in May 1660, and reigned until his death 25 years later.
The King was a pragmatist and a survivor who vowed never to repeat the mistakes of his father. A popular monarch he was alert, affectionate, garrulous and self-indulgent, often reminding his brother James (later James II) that he had 'no wish to go on his travels again'.
The Five Guinea was a new denomination of 'milled' coin which was first struck in 1668, in the early part of Charles II's reign. In 1663 the ancient hand hammering method was finally replaced by the machinery of Blondeau and the brothers John and Joseph Roettier engraved the dies. The Five Guinea was valued at 5 Pounds and it was not until some years later that it was increased in value to £5 and 5 Shillings.
The reign of Charles II saw many numismatic 'firsts'. The five, two, one and half guinea coins were introduced, a proper regal copper coinage was issued for the first time in 1672, and Maundy Money was first produced for general circulation.
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| Realized $105,000 |
