April, 26-28, 2023
Ancient - Medieval - Modern coins
November, 1-3, 2022
Auction 432: Collection Peter Kress - Saxe-Hildburghausen
A report on the worl coins of this year's fall auction must begin with the special auction of the Peter Kreß Collection. It was, as most of you are probably aware, a collection of Saxe-Hildburghausen coins assembled over 50 years, which not only included the aforementioned core area in probably unique completeness, but also followed to a particular extent the dynastic ties of the ducal family and also reflected the cultural-historical importance of the small duchy in coins and medals. Especially the core area of the collection, peppered with rarities, attracted the special collectors into the hall or increasingly in front of the computers at home. In all price segments, rarely offered collector's items often changed hands only after long struggles. Here, not only the prestigious thalers and ducats, but also the often disdained small denomination coins were driven up to several times their estimate. Among the top pieces was a ducat from 1771, which was bid up from €20,000 to a proud €38,000. In silver, a convention thaler from 1760 estimated at € 5,000 changed hands only for € 14,000. Among the small denomination coins, a 5 Kreuzer 1770 (estimate €500, hammer price €3,000) and a 20 Kreuzer 1781 (estimate €1,000; hammer price €3,400) should be mentioned here as examples. The highlight of this autumn auction was reached at the auction of the Necessity-Klippen from the Fortress Braunau, which the Saxe-Hildburghausen’s Prince Ludwig Friedrich had minted during the ultimately unsuccessful defense. A 2 ducat Klippe, according to our knowledge not yet offered in the trade achieved the top result of the fall auction with a hammer price of 60,000 Euro. The other denominations in this series were also highly bid for in advance by interested parties from Germany and abroad and achieved record prices, often in the five-digit range. It was quieter with the medals and small denomination coins with closer and further reference to Hildburghausen until it came in the large collecting areas of Bavaria and Brunswick-Hanover again to struggles between pre-bidders, collectors and dealers in the hall and anonymous customers on the Internet. A specimen to the Bavarian "Blessing of Heaven" Thaler 1828 achieved a hammer price of €14,000.
Auction 433: Ancient - medieval - modern coins
As expected, the antiques section of our autumn auction achieved robust prices. All in all, the estimate almost doubled. Considering that these are estimated prices and not, as is often the case, "bait prices", this is a very nice result. Some pieces with unexpectedly strong price increases contributed significantly to this pleasing result, especially for the consignors. For example, the pretty stater of Kaulonia (no. 1065) achieved a result of € 18,000 at an estimate of € 5000 -- not least thanks to its excellent provenance, which was only revealed by our consignor. The title piece, the tetradrachm of Rhegion (no. 1073), fetched € 26,000 (estimate € 12,500), the price that a coin of this quality currently has to achieve. The very rare didrachm from Kamarina with the facing head of the local river god (estimate € 6000) triggered an intense bidding war that ended only at € 42,000. The percentage increase in the estimate (€ 2000) of an Alexander tetradrachm from Memphis (no. 1200) was even greater, and it only found its new owner at € 20,000. The Roman gold coins remained within expectations; the very rare aureus of Octavian (no. 1443) achieved € 19.000 (estimate € 20.000), the earlier one of Marcus Antonius (no. 1439) was knocked down at € 22.000 (estimate € 25.000). The good quality Roman bronzes were particularly appreciated by the bidders. The estimate for the rare quadrant of Titus (no. 1479) increased eightfold to € 400.
The mixed offering of coins and medals in the universal catalog for the 433rd auction was consistently well received. The number of unsold pieces was extremely low in all fields, proving that coin collecting remains a stable hobby even in the current crisis and that money is loose among collectors and investors alike. The international participation via the Internet also proved that the auctions of Dr. Busso Peus Nachf. still have an excellent reputation in the world and are keenly observed. The fact that viewing the coins in person is worthwhile was demonstrated by a consignment of mostly non-German coins with strong patinas, which once again proved how conservatively Peus Nachf. estimates the preservation of its offered coins. The surveyors were so impressed by the quality that they sometimes exceeded the estimates by a factor of ten. Among the Feudal German coins and medals, a universal collection with the image of the swan as a leitmotif was well received. The Graichen collection of strikes, specimens, miss-mintages, and curiosities of small denomination feudal German coins attracted much attention and was disputed between the room and the internet. The coins of the German Empire achieved very high hammer prices and the later German coins also brought good results. The combined lots had been well inspected in advance and brought consistently good prices. On the whole, the Kreß collection exceeded the estimate by 66%, the world coin section in catalog 433 was 59% above the estimate.
For further hammer prices which cannot be mentioned here, please refer to the result list that will be published at the end of next week. If you would like to order a copy please contact Mrs. Patatas under +49-69-95966225 or via email. The results can also be found in the online-catalogue on our website.
Unsold pieces may be purchased up to five weeks after the sale for 80% of the estimate under normal conditions of sale, i. e. plus buyers-premium and possible taxes on our website.