When the “Glorious Revolution” swept aside Queen Isabella II of Spain
in September 1868, a period of instability began as the leaders of the
revolution groped for direction.
It also led to the production of new coins, including a rare coin
being offered in Editions V. Gadoury’s Dec. 6 auction in Monaco.
The deposed queen fled to France and in 1870 abdicated the throne.
Amadeo II of Savoy was named the successor, but abdicated in early 1873.
On Oct. 19, 1868, this provisional government commissioned a new set
of coins, denominated in pesetas, and called for the consolidation of
minting activities, then taking place in Barcelona, Madrid, Segovia
and Seville, at the mint in Madrid. The first coins were minted in 1869.
The coin shows a seated allegorical figure representing Spain on the
obverse, with a shield surmounted by a crown between the Pillars of
Hercules on the reverse.
A total of 100 examples of the 1869 silver 5-peseta coin were
struck. The coin was established based on the Latin Monetary Union.
This example is graded Mint State 64 by Professional Coin Grading
Service. It has an opening bid of €20,000 ($25,002 U.S.).
To learn more about the auction, visit the firm’s website.
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