Second part of Slaney Collection features multiple English coin rarities

Collection was built by mysterious collector decades ago
By , Coin World
Published : 05/26/15
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The final part of a collection decades in the making has finally been sold.

Spink on May 14 auctioned the second half of the Slaney Collection, which was off the market for more than 50 years before the first part was auctioned in 2003.

The 2003 auction established mutiple record prices, and the 2015 sale was anticipated to have done the same 

See: How special was the first part of the Slaney Collection auction?

The highlight of the 2015 offering was the 1820 George III gold £5 pattern, featuring a design by Benedetto Pistrucci. The coin, one of 25 examples made, realized £360,000 ($564,959 in U.S. funds), including the 20 percent buyer’s fee. 

The issue marked the debut of the £5 denomination. 

Slaney bought the coin from a July 15, 1953, Glendining auction for £360.

Described as “Good Extremely Fine” by Spink, the coin had an estimate of £100,000 to £120,000

Another highlight is the 1673 gold 5-guinea coin of Charles II, which realized £162,000 ($254,231 U.S.), including the buyer’s fee, against an estimate of £40,000 to £50,000.

The coin has robust, colorful toning and a provenance dating back to 1887, when H. Montagu purchased it. Besides being in the famed Montagu Collection, the piece was once owned by J.G. Murdoch, whose collection is also one of the most notable of the early 20th century. 

The auction house noted that it has “a few light hairlines under a remarkable deep rich red tone,” and is Extremely Fine “with lustrous original surfaces.”

Two other highlights of note are among the famous issues of British coinage.

The 1644 silver £1 coin of Charles I, struck and issued at the temporary Oxford Mint during the English Civil War, realized £144,000 ($225,984 U.S.), including the buyer's fee. The coin, designed by Thomas Rawlins, had an estimate of £60,000 to £80,000 and was graded Nearly EF by the firm.

The whopping piece (it weighs 118.92 grams) was once part of the Virgil Brand and Montagu collections. It was sold for £36 in Sotheby’s 1896 sale of the third part of the Montagu Collection, a large sum for its day.

Charles I had retreated from London to Oxford and erected a mint there. He needed money desperately to pay his troops fighting the Parliamentary forces, resulting in these very large £1coins. 

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