1835 Nicholas I poltina hammers for $68,000 at Heritage

paulfrasercollectibles

paulfrasercollectibles

2015-06-26 11:34:05

The proof 1835 Nicholas I poltina is the only registered example of its type

A rare Nicholas I poltina (half rouble) has sold for $68,150 at Heritage Auctions’ April 10-12 sale in Chicago.

The lot was minted in 1835 and displays a crowned double-headed eagle on the obverse, while the reverse features the date and value surrounded by a wreath.

It’s the only proof of its type to have been professionally certified (PR 64 Cameo), making it exceptionally rare. Aside from some minor marks, it is in otherwise fine condition and displays superb toning and mirrored surfaces.

A Peter I rouble struck at the Kadashevsky Mint in 1704 made $64,625.

The rouble has been in use in Russia since the 16th century. This first year issue was produced after Peter I standardised the currency by pegging it to silver in the early 1700s.

It displays an armoured bust of the ruler on the obverse and was described by the auction house as “one of the finer examples of this extremely rare issue we have seen.”

Other important lots in the sale included a Canadian George V five-cent piece, considered among the most desirable coins in the nation’s history, which sold for $35,250.

The majority were melted down soon after minting, leaving only a few hundred survivors – most of which are thought to have been taken by mint workers and visitors as souvenirs.

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