Coins Mapping the History of Modern Europe The latest offering from one of the world’s most prolific coin collectors, Åke Lindén, maps the social and numismatic history of modern Europe with coins of the highest rarity
News-Antique.com - Mar 21,2014 - The Lindén Collection of European Coins:
Mapping the History of Modern Europe
The latest offering from one of the world’s most prolific coin collectors, Åke Lindén, maps the social and numismatic history of modern Europe with coins of the highest rarity including a George I Gold 100-Drachmai, the rarest issue of modern Greece, and one of the finest examples of the 1868 20-Lei Gold Pattern Proof. Held as part of Baldwin’s three-day auction schedule, the European part of the collection will be sold in London on Wednesday 7th May 2014.
Dimitri Loulakakis, Director of World Coins at A. H. Baldwin & Sons Ltd said: “This extensive and impressive collection of European coinage is part of a calendar of auctions to be held throughout 2014, presenting Åke Lindén’s large-scale collection to the numismatic market. Following the success of his Russian coins, which sold through our New York auction earlier this year, in excess of US$1,000,000, we fully expect that the European collection will be as popular as its Russian counterpart.”
Swedish born Åke Lindén found numismatic inspiration from a young age, encouraged by his widely travelled father who brought him coins from every country he visited. Possibly as a result of this, his numismatic interests were wide ranging and eventually he set about amassing his vast collection of every type coin since 1850, from every country in the world. Being the true collector that he was, Åke would consider any coin that was missing from his collection, regardless of the condition. However, when it came to the very rarest items, he did not hesitate to acquire them in top condition at whatever the price.
An extremely fine 1864 Gold 50-Lire, struck in Torino under King Vittorio Emanuele II is one of the most sought after pieces from the collection. With a mintage of only 103, it is by far the rarest one-year type coin of the Italian Kingdom series and is estimated to achieve £50,000-60,000.
This coin was one of the last to be minted before The Kingdom of Italy joined an initiative to unify the countries of Europe under one currency standard, interchangeable across the nations, and called the Latin Monetary Union (LMU), a precursor to the Euro.
Under the reign of its first monarch, King Vittorio Emanuele II, Italy was one of the founding members of the LMU, along with France, Belgium and Switzerland. The standard evolved from the French Franc system introduced by Napoleon, based on the Gold 20-Franc and the Silver Franc, bimetallism.
A new standard weight currency that could be freely exchanged between the four countries soon enticed other European Nations, and in 1868, under the rule of George I, the Kingdom of Greece, along with Spain, entered into the LMU with the first Greek LMU coins minted in 1868. These new coins aligned with the weights of their European counterparts and were minted in France.
The very rarest of all regular issue coins of modern Greece, the George I Gold 100-Drachmai, 1876, was minted in