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Spencer Collection Latin Monetary Union Denomination Type Set 1865-1926 - The Number One Finest Set of All Time

Current Statistics
Rank

1
GPA with Top Bonuses

61.939
GPA Weighted

61.939
Complete

33.33%
Set Rating

24.675

About This Set: The LMU served the function of facilitating trade between different countries by setting the standards by which gold and silver currency could be minted and exchanged. In this manner a French trader could accept Italian liras for his or her goods with confidence that it could be converted back to a comparable amount of francs. Besides the named countries included in this set, Romania, Venezuela, Serbia, San Marino and Spain used similar weights in their coins to help facilitate trade. The LMU eventually failed for a number of reasons. Some members, notably the Papal State's treasurer, Giacomo Cardinal Antonelli, began to debase their currency. This meant he minted coins with an inadequate amount of silver and then exchanged them for coins from other countries that had been minted correctly. More importantly, because new discoveries and better refining techniques increased the supply of silver, the fixed LMU exchange rate eventually overvalued silver relative to gold. German traders, in particular, were known to bring silver to LMU countries, have it minted into coinage then exchanged those for gold coins at the discounted exchange rate. These destabilizing tactics eventually forced the LMU to convert to a pure gold standard for its currency. Funny how history repeats itself.

Spencer Collection Latin Monetary Union Denomination Type Set 1865-1926

Image Item PCGS # Date Denom Grade PCGS # Pop PCGS # Pop Higher Pop Pop Higher Comments
Belgium Silver 50 Centimes 50C
Belgium Silver Franc 1 Fr
Belgium Silver 2 Frank 2 Fr
Belgium Silver 5 Frank 5 Fr
Belgium Gold 20 Frank 25211 1875 20 Fr MS65 115 29 30384
Belgium, Gold 20 Franc. KM#37. Dated 1875, Gem MS65
Bulgarian Silver 50 Stotinki 50 St
Bulgarian Silver Lev Lev
Bulgarian Silver 2 Leva 2 Leva
Bulgarian Silver 5 Leva 5 Leva
Bulgarian Gold 10 Leva 10 Leva
Bulgarian Gold 20 Leva 20 Leva
Bulgarian Gold 100 Leva 29760 1894-КБ 100 Lev AU58 5 78
Bulgaria, 100 Leva Gold, FR.2, KM-21, Ferdinand I as Prince. Very difficult coin to find in any decent grade, mintage of 2500. One Year Type. Tied for Finest Known.
French Silver 50 Centimes 151399 1894-A 50C MS65 36 19 11173
France, Republic 50 Centimes Silver, Dated 1894A, KM834.1, PCGS MS65, Beautiful Lustrous Example.
French Silver Franc 1 Fr
French Silver 2 Francs 154330 1914-C 2 Fr MS64 16 22 156137
France, Republic 2 Francs 1914C, KM845.2, PCGS MS64, Peripheral Champagne Color
French Silver 5 Francs
French Gold 10 Francs 10 Fr
French Gold 20 Francs 157836 1911 20 Fr MS66 61 8 30942
France 20 Franc Gold, 1911. GEM, a Superb coin and Better Date.
French Gold 50 Francs 50 Fr
French Gold 100 Francs 158188 1886-A 100 Fr MS63 72 42 325215
France, Gold 100 Francs Dated 1886-A "Angel Writing", .9334 Oz.
Greek Silver 50 Lepta 50 Lep
Greek Silver Drachma Drachma
Greek Silver 2 Drachma 2 Dr
Greek Silver 5 Drachma 319376 1875-A 5 Dr AU50 3 34 790
Greece, Silver 5 Drachmai, 1875-A, Beautiful even toned Example, Looks Undergraded. This two-year type was struck in Paris 1875-76 for king George I (1863-1913) to the standard of a French five francs.
Greek Gold 20 Drachma 319415 1876-A 20 Dr AU55 35 33 3533
Greece, Gold 20 Drachmai, Fr-15, KM-49. Portrait of George I who ruled 1863-1913. Paris, (A) Mint. Very Scarce in High Grades and Harshly Graded.
Greek Gold 50 Drachma 158463 1876-A 50 Dr
Greek Gold 100 Drachma 732484 1876-A 100 Dr
Italian Silver 50 Centesimi 50C
Italian Silver Lira 231797 1901-R Lira MS63 2 8 2371
Italy, 1 Lira Dated 1901-R. Rome. Silver. Seldom encountered first year coinage of new king (Vittorio Emanuele III) who ruled 1900-1946. PCGS MS63. Multi-colored toning and most impressive. KM#32.
Italian Silver 2 Lire 2 L
Italian Silver 5 Lire 5 L
Italian Gold 10 Lire 10 L
Italian Gold 20 Lire 338393 1881-R 20 L MS64 12 5 22873
Italy, Lovely Uncirculated Example
Italian Gold 50 Lire 50 L
Italian Gold 100 Lire
Swiss Silver 1/2 Franc 885981 1881 B 1/2 Fr AU55 1 4 5200
Switzerland, 1/2 Franc Dated 1881-B, PCGS AU55, Lovely Toning
Swiss Silver Franc 886244 1910 B 1 Fr MS65 3 1 72257
Switzerland, Franc Dated 1910-B. KM-24. Bern Mint. A Brilliant Uncirculated Gem with blazing frosty white luster and legitimate claims to a higher numerical grade. PCGS graded MS65. Ex Goldberg Auction #74, June 2013, Lot 5047.
Swiss Silver 2 Francs 2 Fr
Swiss Silver 5 Francs 5 Fr
Swiss Gold 10 Francs 886902 1922 B 10 Fr MS64 24 123 46146
Switzerland, Gold 10 Francs, GEM
Swiss Gold 20 Francs 886970 1899 B 20 Fr MS64 7 330487
Switzerland, Gold 20 Francs, KM-35.1, Tied for Finest
Swiss Gold 100 Francs 887030 1925 B 100 Fr