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PCGS Set Registry® 84,195 Registered Sets

Spencer Collection Latin Monetary Union Denomination Type Set #2 - 2nd

Current Statistics
Rank

2
GPA with Top Bonuses

63.031
GPA Weighted

63.031
Complete

16.67%
Set Rating

16.398

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 #2

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 25212 1876 20 Fr MS65 8 2 30384
Belgium, 20 Gold Franc. KM#37. Dated 1876, Gem MS65, Only 2 graded higher.
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 100 Lev
French Silver 50 Centimes 50C
French Silver Franc 1 Fr
French Silver 2 Francs 2 Fr
French Silver 5 Francs
French Gold 10 Francs 10 Fr
French Gold 20 Francs 157832 1907 20 Fr MS65 83 38 792410
France 20 Franc Gold, 1907. GEM, Better Date
French Gold 50 Francs 50 Fr
French Gold 100 Francs 158206 1911-A 100 Fr MS63 24 15 330224
France, Gold 100 Francs Dated 1911-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 5 Dr
Greek Gold 20 Drachma 319415 1876-A 20 Dr
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 Lira
Italian Silver 2 Lire 2 L
Italian Silver 5 Lire 5 L
Italian Gold 10 Lire 10 L
Italian Gold 20 Lire 174114 1889-R 20 L MS63 8 2 397318
Italy, 20 Lira Gold Dated 1889. This and the 1884-R are key dates of the series. Scarce in any condition, Tied for Finest
Italian Gold 50 Lire 50 L
Italian Gold 100 Lire
Swiss Silver 1/2 Franc 1/2 Fr
Swiss Silver Franc 886242 1908 B 1 Fr MS64 6 8 54330
Switzerland, Franc Dated 1908-B. KM-24. Brilliant mint luster. PCGS graded MS64. Ex Goldberg Auction #74, June 2013, Lot 5046.
Swiss Silver 2 Francs 2 Fr
Swiss Silver 5 Francs 5 Fr
Swiss Gold 10 Francs 886901 1916 B 10 Fr AU58 2 17 11231
Switzerland, Gold 10 Francs, Better Date
Swiss Gold 20 Francs 886942 1886 20 Fr MS63 8 6 223824
Switzerland, Gold 20 Francs, KM-31.3, Older Type and First Year of Type, Only two graded higher
Swiss Gold 100 Francs 887030 1925 B 100 Fr