1507

SWEDEN: Fredrik I, 1720-1751, AE 4 daler (2941g), Avesta, 1737, VF-EF

Currency:USD Category:Coins & Paper Money / World Coins - Europe Start Price:1,300.00 USD Estimated At:1,500.00 - 2,000.00 USD
SWEDEN: Fredrik I, 1720-1751, AE 4 daler (2941g), Avesta, 1737, VF-EF
SOLD
2,200.00USD+ (440.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2022 Sep 16 @ 17:28UTC-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.
SWEDEN: Fredrik I, 1720-1751, AE 4 daler (2941g), Avesta, 1737, KM-PM74, ca. 240 x 240mm, "plate money" (plåtmynt) with five stamps in field, center stamp with 4 DALER SILF MYNT above crossed arrows, corner stamps with crowned FRS above date (FRS = FRIDERICUS I REX SVECIAE), one partially off-flan, some weight adjustment along the sides, VF-EF, ex Charles Opitz Collection. 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.