James I narrowly defeats Richard III at Spink coins auction



2015-06-26 12:03:11

James I narrowly defeats Richard III at Spink coins auction

A gold coin from the Yorkist king was the surprise near miss for the top spot in today's sale

Spink's auction of rare coins today appears to be doing rather better than they expected. With under 500 lots sold so far, they have already achieved a total of over 500,000 with some of the most covetable lots bringing several times their estimates.

These included all three James I gold coins which we covered in the run-up to the sale: both the Rose Ryals from his second and third coinage respectively and the even rarer Spur Ryal from the third.

The Spur Ryal was a development of the earlier Rose Noble, or Ryal which was worth ten shillings when issued by Kings Edward IV and Henry VII, and fifteen shillings when issued by Queens Mary and Elizabeth I.

A rare Spur Ryal gold coin from the reign of James I A James I third coinage Spur Ryal gold coin

Taken in order: the second coinage Rose Ryal beat its 6,000-8,000 listing to sell for 11,000, the unusually red-toned third coinage Rose Ryal passed its 10,000-12,000 pricing to reach 20,000 and the Spur Ryal achieved an excellent 28,000 against an estimate of 18,000-22,000.

Those are all bare hammer prices, exclusive of premiums. So far, the Spur Ryal of the first king to follow the Tudors is the biggest seller - but only just.

It received a challenge from a coin from the last king before the Tudors, Richard III, who was narrowly defeated in battle by Henry Tudor, later to be Henry VII.

The Angel coin does not depict Richard as such. The obverse shows St Michael spearing a dragon, surrounded by the text ricad di gra rex angl z franc - the king's name is double-struck - whilst the reverse shows a shield within ship, small cross above dividing 'R' and a rose.

Richard III Angel gold coin Richard III Angel gold coin

The rose would of course have been a representation of the white rose of York. Estimated at just 7,500-8,500 the extremely rare, almost extremely fine, piece sparked a bidding frenzy and sold for an impressive 27,000 - an indication of how strong the coin-collecting market is at the moment.

Collectors interested in entering this lively investment market might be interested to take a look at this range of rare coins which is currently on the market.

Recent and Related Articles:

Exceptionally rare James I gold coin leads Spink auction | 22 June 2010

A highly coveted Spur Ryal coin will head a large numismatic sale in London, this week

Walter Scott banknotes lead auction at Spink | 4 June 2010

A very recent set leads the sale of a Scottish currency collection this month

William III five guinea piece to shine at auction | 11 March 2010

The rare piece issued by the Prince of Orange is likely to bring 8k

The Norweb Collection | 10 March 2010

A legendary coin collection compiled by a family of dedicated numismatists

Three 150-year-old banknotes bring $109k | 27 January 2010

The Asiatic Banking Corporation specimen pieces nearly doubled their estimates

Images: Spink

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