A set of three 1879 Queen Victoria gold coins leads Stephen Album
Rare Coins’ Jan. 16 to 18 auction.
The coins are early Proof restrikes by the Bombay Mint.
The practice of restriking Indian coins is almost as old as the
“uniform coinage” of British India itself (which began in 1835). These
restrikes have led to a vast pool of collectible coins. The three-part
auction of the David Fore Collection of British Indian Coins and
Restrikes in 2013 by A.H. Baldwin & Co., along with the late 2012
publication of a book based in part on the Fore Collection, has
heightened market interest in the series.
Each coin in the three-coin lot in Album’s auction is graded and
encapsulated by Numismatic Guaranty Corp.: a Proof 63 gold mohur, a
Proof 63 gold 10-rupee piece and a Proof 62 gold 5-rupee coin. The
original case of issue accompanies the three-coin lot.
According to Album, an expert on Indian coins, it is very rare to
encounter Bombay Mint originals or restrikes, and more rare to find
them as part of an intact set with the original case of issue. Inside
the case is a gold embossed image of the Imperial State Crown and
inscription reading H.M. BOMBAY. The box appears to have been
manufactured at the end of the 19th century.
The Uniform Coinage of India 1835 to 1847, a Catalogue and
Pricelist, by Paul Stevens and Randy Weir and published by Spink, does
not list early Proof restrikes or original Proofs for either the 1879
mohur or 10-rupee coin. The sole example of an early Proof restrike of
the 1879 5-rupee piece is in the British Museum.
“We know of no other set in existence,” Album said.
Originals and restrikes
Researchers identify three classes or eras of restrikes.
Proof examples have been “produced and reproduced in different
circumstances and in different quantities and qualities throughout the
period 1835 until about 1970,” according to the Stevens-Weir book.
The practice of striking or, more commonly restriking, Proof
examples of circulating coins, however, has origins in official use.
Restrikes were often produced for presentation to government
officials, according to the book, and are often listed as “original
Proofs” when being sold.
Another classification of Proof restrikes comprises those restruck
somewhat contemporaneously with the issuance of the original coins to
satisfy collector demand. These are generally classified as “early
The final category is simply called “Proof restrikes,” and
generally refers to examples struck in later years (as recently as
1970), also to satisfy collector demand.
The set in the Album auction is estimated at $50,000 to $60,000.
The auction offers 2,470 lots of ancient, Indian and Islamic
coins, military orders and medals. View the full catalog online at www.stevealbum.com, telephone the
firm at 707-539-2120 or email it at firstname.lastname@example.org. ■