1626
SWEDEN: Frederick I, 1720-1751, AE 4 daler silvermynt, Avesta, 1744
Currency:USD
Category:Coins & Paper Money / World Coins - Europe
Start Price:140.00 USD
Estimated At:150.00 - 250.00 USD
SOLD
800.00USD+ (160.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 May 14 @ 18:18UTC-7 : PDT/MST
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SWEDEN: Frederick I, 1720-1751, AE 4 daler silvermynt, Avesta, 1744, KM-PM74, AAH-207, BT-A25, "plate money" with five stamps in field, center stamp has 1 DALER SILF MYNT above crossed arrows, corner stamps have crowned FRS lettering with date below which translates as (FRS = FRIDERICUS I REX SVECIAE) Frederick I King of Sweden, a nice specimen with minor edge loss due to salt water, but very bold and clear stamps, ex Nicobar Wreck. From 1624, daler were issued in copper as well as silver. Because of the low value of copper, large plate money (plåtmynt) was issued. These were rectangular pieces of copper weighing, in some cases, up to several kilograms. They circulated until 1776. As silver became scarce, the silver daler rose in value relative to the copper daler, with the exchange rate between the two eventually being set at a ratio of 3 to 1. Denominations in copper money were marked K.M. or KMT, with S.M. or SMT denoting silver money. The cumbersome size and weight of plate money eventually prompted Sweden to become the first country in Europe to issue banknotes. The Nicobar was one of very few famous shipwrecks of the Danish East India Company. The Nicobar was outbound to India with a load of copper plates from Sweden that were actually a form of coins, inasmuch as each one bore a date, denomination and mintmark, along with the monogram of the king or queen. Demonetized in 1771, the copper "plate money" became more like ingots, with trade value at the current rate for pure copper. But the Nicobar never reached its destination: After stopping at False Bay to replenish supplies and offload sick crew, the ship left again on July 10, 1783, and ran aground in a storm that night. The wreck was rediscovered in 1987 by local fishermen.
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Taxes:
| Tax | Rate | Desc. |
| CA |
9% |
California Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20% |
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addition to all other remedies which it may have at law or in equity,
to: (a) rescind the sale of that lot or any other lot or lots sold to the
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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
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Coins Inc., plus all accrued expenses, carrying charges, attorney fees,
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such items, and to assign such interest to any affiliated or related
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Default Date, a carrying charge of one percent (1%) per month may be
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assign its interest to any third party. To the extent that the Buyer for
any lot consists of more than one person or entity, each such person
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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
equity.
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
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c) If an item or items are returned pursuant to the terms herein,
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or removal of any item from its original container, or altering a
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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
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companies) are statements of opinion only, and are not
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and Conditions of Auction. Any alteration shall be effective only
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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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h) Bidder acknowledges that the coin market is speculative,
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over time. Stephen Album Rare Coins Inc. does not guarantee
that any customer buying for investment purposes will be able
to sell for a profit in the future.
i) Bidder acknowledges and agrees that neither Stephen Album
Rare Coins Inc., nor its employees, affiliates, agents, third-party
providers or consignors warrant that auctions will be
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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
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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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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
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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
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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.