A 1938 gold 5-ducat coin of Czechoslovakia led bidding in Fritz
Rudolph Künker’s auction No. 245 on March 10 and 11, 2014.
The coin, one of 56 examples produced, is “About Mint State” and
realized a hammer price of €110,000 (about $152,623 U.S.) against an
estimate of €10,000 (about $13,875 U.S.).
The buyer’s fees vary depending on lot and location of the winning
bidder, but may range from 15 to 23 percent and is not reflected in
The estimate was not far off the $20,000 U.S. value (about €14,475)
in the 2013 edition of the Standard Catalog of World Coins by
Chester Krause and Clifford Mishler (edited by George Cuhaj, with
values by Tom Michael), but the results show a stronger market than
either figure recognized.
The coin’s obverse shows the national coat of arms as well as a lime
tree branch. Saint Wenceslas appears on the reverse with the lettering
HEDEJ ZAHYNOUTI NAM I BUDOUCIM, which translates to “Do not let us or
our descendants perish.”
The coin sold in an auction of gold coins, Russian coins and coins
of the German Empire since 1871, one of four auctions conducted by the
firm across five days (March 10 to 14) in Osnabrück. Together all four
sales (in total containing 6,129 lots) realized a hammer price of
about €8.75 million (about $12.1 million dollars U.S.).
Results and catalogs of the firm’s spring auctions may be viewed
online at the firm’s website, www.kuenker.de. For more details, telephone the
firm at (011) 49 541 96 20 or email it at email@example.com.