1590
RUSSIAN EMPIRE: Paul I, 1796-1801, AE 5 kopek, Ekaterinberg, 1793 [1797]. EF
Currency:USD
Category:Coins & Paper Money / World Coins - Europe
Start Price:125.00 USD
Estimated At:125.00 - 175.00 USD
NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2018 May 18 @ 14:00UTC-7 : PDT/MST
PLEASE NOTE: You must request a bid limit when you register. If you would like to have a large bid limit, you must provide adequate references, or you must have previously established strong credit history with our company. Late registration may result in delayed approval.
RUSSIAN EMPIRE: Paul I, 1796-1801, AE 5 kopek, Ekaterinberg, 1793 [1797], Cr-59, Brekke-4, 48mm, EM mint, overstruck on 1796 10 kopeck "Cipher Series" series of Catherine II which in turn is overstruck on an earlier 5 kopek type as part of the 1797 Recoining Program of Paul I, a lovely example! EF. THE 1797 RECOINING PROGRAM OF PAUL I: Overstriking reached its extreme under Paul I. At the end of her reign in 1796, Catherine II changed the monetary standard to 32 rubles to the pood from the 16 rubles to the pood that had existed for most of her reign. The newly minted coins were of a new design: on the obverse, a simple monogram of a script "E" with a "II" superimposed on the middle loop of the "E" accompanied by a number of dots representing the denomination, and the reverse carrying the date and an inscription of the denomination. These are known as the "Cipher Series", and are quite rare, because of the actions of Paul I in 1797. Paul, as crown prince, had opposed the changing of the monetary standard in 1796, but had been overruled by his mother. With his ascension to Czar after Catherine's death, he promptly reversed his mother's decision and changed the monetary standard back to 16 rubles to the pood. The problem was that 2,378,400 rubles worth of the newly minted Cipher coins remained. Paul's solution was tried and true: he either melted the earlier coinage or restruck them back into denominations corresponding to the desired monetary standard. His decision was controversial, and, as B.F. Brekke states that "… in order to put the blame squarely on the shoulders of the 'previous administration,' the about 2 million rubles worth of lightweight coins was to be overstruck with Catherine's design!" It is usually not difficult to discern the coins from Paul's recoining program from coins that were overstruck by Catherine or coins of the same date. Firstly, if the coin shows signs of overstriking, and is dated 1791, 1793, 1794, 1795, or 1796, it is a product of the 1797 recoining program, as no coins were originally overstruck in those years. Secondly, most of the recoined pieces, since they have been overstruck at least twice, are wide and thinner than the typical 5 Kopeck coin of Catherine II, and typically exhibit a lack of detail in the designs. In fact, it is theoretically possible that such a coin may have been struck up to a total of five times.
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Taxes:
| Tax | Rate | Desc. |
| CA |
8.625% |
California Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
17.5% |
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More than one such sale may take place at the option of Stephen
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its assignees, a security interest in: (x) the purchased lots and their
proceeds, and (y) such sums or other items and their proceeds, in the
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assign its interest to any third party. To the extent that the Buyer for
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or entity is jointly and severally liable for all obligations of the Buyer,
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the California Uniform Commercial Code and all rights of the
consignor to collect amounts due from the Buyer, whether at law or
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7. Disclaimer and Warranties.
a) Coins listed in this catalog graded by PCGS, NGC or ANACS
cachet or any other third party grading service or examined by
the buyer prior to the auction sale may not be returned for any
reason whatsoever by any Buyer, except for claims related to
authenticity.
b) For non-certified coins that have not been examined by the
Buyer prior to the Auction: if it is determined in a review by the
Auctioneer that there is a material error in the catalog
description of a non-certified coin or the coin is not authentic,
such lot may be returned, provided written notice is received by
the Auctioneer no later than seventy-two (72) hours of delivery
of the lots in question, and such lots are returned and received
by Stephen Album Rare Coins Inc., in their original, containers,
no later than fourteen (14) calendar days after delivery, in the
same condition the lot(s) were delivered to the Buyer, time
being of the essence.
c) If an item or items are returned pursuant to the terms herein,
they must be housed in their original container. Late remittance
or removal of any item from its original container, or altering a
coin constitutes just cause for revocation of all return privileges
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d) Group lots are SOLD AS IS. We will not accept returns on group
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e) Grading or condition of rare coins may have a material effect on
the value of the item(s) purchased, and the opinion of others
(including independent grading services) may differ with the
independent grading services opinion or interpretation of the
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subsequent opinion, determination or certification by any
independent grading service.
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companies) are statements of opinion only, and are not
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specific written warranty, and no employee or agent of Stephen
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and Conditions of Auction. Any alteration shall be effective only
if in writing and signed by an officer of Stephen Album Rare
Coins Inc. authorized to do so. Stephen Album Rare Coins Inc.
reserves the right to vary or alter the Terms of Sale, either
generally or with respect to specific persons or circumstances, in
its sole discretion. Any variation or alteration shall be effective
only if in writing and signed by an officer of Stephen Album Rare
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unregulated and volatile, and that coin prices may rise or fall
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i) Bidder acknowledges and agrees that neither Stephen Album
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connection with any challenge to the title to or authenticity of any
goods purchased, the sale itself, any lot bid upon or consigned, and/or
the auction, except where such Claim is otherwise expressly
authorized in these Terms of Sale. It is the intention of Bidder that this
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1542 of the California Civil Code, which reads in full as follows:
"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE
CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER
FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN
BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER
SETTLEMENT WITH THE DEBTOR."
9. Disputes. If a dispute arises concerning ownership of a lot or
concerning proceeds of any sale, Stephen Album Rare Coins Inc.
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at the expense of the Consignor and Buyer and any other applicable
party, and in such event shall be entitled to its reasonable attorneys'
fees and costs. Stephen Album Rare Coins Inc. reserves the right to
cancel or postpone the Auction or any session thereof for any reason
whatsoever. No Bidder shall have any claim as a result thereof,
including for incidental or consequential damages. Neither Stephen
Album Rare Coins Inc. nor any affiliated or related company shall be
responsible for incidental or consequential damages arising out of any
failure of the Terms of Sale, the auction or the conduct thereof and in
no event shall such liability exceed the purchase price, premium, or
fees paid. Rights granted to Bidders under the within Terms and
Conditions of Auction are personal and apply only to the Bidder who
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rights may not be assigned or transferred to any other person or
entity, whether by sale of the lot(s), operation of law or otherwise.
Any attempt to assign or transfer any such rights shall be absolutely
void and unenforceable. No third party may rely on any benefit or
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10. General Terms. These Terms and Conditions of Auction and the
auction shall be construed and enforced in accordance with, and
governed by, the laws of the State of California, regardless of the
location of the Auction. Any dispute arising out of or related to these
Terms of Sale, the Auction or any lot, with the sole exception of
actions by Stephen Album Rare Coins Inc. to collect amounts owed to
it and other damages, shall be submitted to binding arbitration
pursuant to the rules of the International Association of Professional
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competent courts of the State of California shall have exclusive
jurisdiction, subject to the requirement to arbitrate, over any
dispute(s) arising hereunder, regardless of any party's current or
future residence or domicile. Bidder further agrees that venue of the
arbitration proceeding shall be in Sonoma County, California; and any
court proceeding shall be in the Sonoma County Superior Court, in the
State of California. Bidder agrees that any arbitration or legal action
with respect to this Auction is barred unless commenced within one
(1) year of the date of this Auction. These Terms of Sale and the
information on our website constitute the entire agreement between
the parties hereto on the subject matter hereof and supersede all
other agreements, understandings, warranties and representations
concerning the subject matter hereof. If any section of these Terms of
Auction or any term or provision of any section is held to be invalid,
void, or unenforceable by any court of competent jurisdiction, the
remaining sections or terms and provisions of a section shall continue
in full force and effect without being impaired or invalidated in any
way. Stephen Album Rare Coins Inc. may at its sole and absolute
discretion, make loans or advances to Consignors and/or Bidders.
11. Special Services. If you wish to limit your total expenditures,
please fill in the maximum amount you wish to spend on your bid
sheet. This is a personal service and a Stephen Album Rare Coins Inc.
representative will personally attend to your bid sheet by bidding
from the auction book, buying lots for your account until your
authorized expenditure is reached. While we will do our best in your
behalf, due to the speed of the auction sale and the sometimes
crowded conditions, we cannot be responsible for failure to execute
such a bid properly.
12. Floor Bidding. We reserve the right to refuse to allow a person to
attend the live floor bidding session of the sale, and also reserve the
right to eject disruptive or non-compliant bidders from the floor
session, at the discretion of the auctioneer. Photography is prohibited
for all attendees. Smoking within the building is prohibited for all
attendees. Lot pickup for items won by bidders who bid live from the
auction floor will be allowed no sooner than 24 hours after the final
lot is hammered on the day that the lots were won. This pickup
timeline may be altered at the discretion of the auctioneer.
Stephen Album Rare Coins Inc. auctions are not approval sales.
Bidding in this auction sale constitutes unconditional acceptance by
the Bidder of the foregoing terms of sale.