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FRENCH COCHINCHINA: AE sapeque, 1875. PCGS MS65

Currency:USD Category:Coins & Paper Money / World Coins - Asia & Middle-East Start Price:85.00 USD Estimated At:100.00 - 150.00 USD
FRENCH COCHINCHINA: AE sapeque, 1875. PCGS MS65
SOLD
375.00USD+ (71.25) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Sep 25 @ 14:57UTC-7 : PDT/MST
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FRENCH COCHINCHINA: AE sapèque, 1875, KM-1, Lec-2, a superb example! PCGS graded MS65 RB. The metropolitan French 1 centime coin dated 1875-K of the Bordeaux mint issue was used for these coins, and the French garrison at Saigon punched a 3mm round hole into them for circulation as a sapèque (or cash) coin in Cochinchina. These were not popular with the locals and they were quickly retired; estimates are that out of a million coins intended, only about 10,000 coins were holed.