The world of coin collecting is filled with fascinating stories and rare treasures. One such treasure is the countermarked Swiss taler from Schaffhausen. This silver coin has a unique history that connects it to Russia in the 17th century. It will be featured in an upcoming auction, making it a great opportunity for collectors. Let’s explore the details of this remarkable coin, its background, and what makes it so special.
What is a Countermarked Swiss Taler?
A taler is a type of silver coin that was used in Europe. The Swiss canton of Schaffhausen created the taler in 1621. However, this specific coin has a special mark on it, called a countermark, which means it was authorized for use in Russia. The countermarking took place in 1655 during the rule of Czar Alexei Mikhailovich. This process was part of a new standard to regulate currency in circulation.
Auction Details
This silver taler is one of the highlights of the Konrad Burki collection of Swiss cantonal coins. It will be sold at SINCONA AG’s Auction No. 91 in Zurich on May 15, 2024. Here are some key details about the auction:
| Auction House | SINCONA AG |
|---|---|
| Auction Date | May 15, 2024 |
| Location | Zurich |
| Opening Bid | 4,000 Swiss francs ($4,362 U.S.) |
| Weight | 28.67 grams |
| Condition | Very Fine, high rarity with a fine, dark patina |
The Historical Significance
Countermarking was an essential process for ensuring that the talers could be used according to new currency standards in Russia. According to the book The Russian Monetary System by I.G. Spassky, about 800,000 European talers were countermarked, but only 16 to 20 of these are from Switzerland. Among those, 10 come specifically from St. Gallen.
Design of the Coin
The countermark on this taler features St. George on horseback, battling a dragon, along with the year 1655. This imagery is not only iconic but also reflects the historical context of the coin. The design captures the spirit of the time and the important figures in history.
Rarity and Value
This Swiss taler is considered highly rare. It has a fine, dark patina, which adds to its value and historical charm. With only a limited number of these coins in existence, it appeals to collectors who appreciate its uniqueness and heritage.
Conclusion
The countermarked Swiss taler from the Schaffhausen canton is not just a coin; it’s a piece of history that connects the past to the present. With its unique countermark, significant weight, and beautiful design, this taler stands out in the world of numismatics. The upcoming auction at SINCONA AG presents a rare opportunity for collectors and history enthusiasts alike to own a remarkable piece of Swiss and Russian history. This coin’s story reflects a time when currencies were transformed to meet the needs of new economic systems. As collectors and historians, we can appreciate the artistry and significance behind such artifacts. Whether you are an experienced collector or just starting, understanding the importance of this taler can deepen your appreciation for the world of coins.
FAQs
1. What is a countermarked Swiss taler?
A countermarked Swiss taler is a silver coin from Switzerland, specifically from the canton of Schaffhausen. It was issued in 1621 and later countermarked for use in Russia in 1655, signifying its authorization for circulation in that country.
2. Why was the taler countermarked?
The countermarking was done to comply with new currency standards in Russia. This process ensured that the talers could be used as legal tender in the country.
3. Who is Czar Alexei Mikhailovich?
Czar Alexei Mikhailovich was the Tsar of Russia from 1645 to 1676. He was known for significant reforms in Russian governance and military, and his reign saw the countermarking of various coins, including the Swiss talers.
4. How rare is this coin?
This specific countermarked Swiss taler is considered highly rare. Out of about 800,000 European talers countermarked, only 16 to 20 pieces are from Switzerland, with many being from the city of St. Gallen.
5. What does the countermark depict?
The countermark on this taler features St. George on horseback fighting a dragon, along with the year 1655. This imagery is significant as it reflects both historical and cultural values of the time.