The coin auction circuit in Europe is heating up for 2020, and many PCGS-graded coins are blazing headlines in places like France. CGB Numismatics Paris recently hosted a significant auction in which nearly 100 outstanding PCGS-graded gold and silver world and French coins spanning more than three centuries from the reign of King Louis XIII to World War II crossed the block in the March 2020 live auction.
Leading the auction highlights is a 1747-Q 2 LDO graded PCGS MS63. This rare gold coin, with a mintage of only 3,497 and obverse portrait of King Louis XV the Beloved, quickly realized €4,020 after starting at €2,800 with a maximum offer of €36,020. Also, up for bids was a 1786-T Louis XVI Louis D’Or No Dot 1st Sem. graded MS65+, another gorgeous and rare gold piece that hammered at €2,900. Other gold coins that inspired fervent bidding were some Napoleonic War-era rarities, including a PCGS AU50 AN14-W (1805) 40 Francs from the last year of the revolutionary calendar that took €5,300 and a conditionally rare 1812 40 Francs graded MS64 and scoring €4,500.
Silver coins also claimed the spotlight, with a most interesting 1793/AN II-A 6 Livres graded PCGS MS63; this fascinating mint error exhibits mintmarks on the obverse, bearing an angel design from the reverse of the previous type on which the mintmark and privy were located. The dies for this piece were heavily polished prior to striking in an attempt to remove the mintmark and privy, but traces of each still remain. This rare variety took €2,500, a confident showing for a fascinating, first-of-its-kind discovery piece.
A variety of other silver coins traded for outstanding bids, including a PCGS MS65 1870-BB 1 Franc going for €560, PCGS MS66 1871-A Grand A 1 Franc realizing €745, PCGS MS65 1871-K Petit K 2 Francs taking €820, 1871-K PCGS MS65 1870-BB 5 Francs claiming €1,850, and PCGS MS65 1868-BB 5 Francs selling for €990.
“The number of PCGS-graded coins offered for sale during this CGB live auction confirms the popularity of PCGS and the confidence that Europeans and especially French collectors have in our product,” says PCGS Europe-Paris Office Manager Sergey Bonar. “It’s not a surprise, as PCGS invests a lot of time and resources to recognize all varieties and to find hidden unknown mint errors such as the 6 Livres 1793-A.”
PCGS, founded in 1986 and operating for nearly 35 years as the world’s premier coin and banknote grading company, has been serving Europe for many years from its Paris office. The PCGS Europe team grades hundreds of thousands of coins every year, many going on to claim top bids at auctions throughout Europe and beyond. Collectors throughout France and the rest of the European continent turn to PCGS for accurate grading of their rare coins, whether they want to assemble a top collection of authenticated and accurately graded coins for their collections and Registry Sets or wish to maximize their profits when offering their coins for sale.