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The Rarest Czechoslovak Coin Has Been Auctioned For 850,000 Euros

For 850,000 euros, a unique gold St. Wenceslas five ducat from 1937 was auctioned in Prague on Friday.

Yazar: Tom Roberts

Yayınlanma: 5 Ekim 2020 04:24

Güncellenme: 7 Kasım 2024 08:56

The Rarest Czechoslovak Coin Has Been Auctioned For 850,000 Euros

For 850,000 euros, a unique gold St. Wenceslas five ducat from 1937 was auctioned in Prague on Friday. Collectors showed great interest in the extraordinary coin, from which only four pieces were minted and had never been auctioned before. The starting price was set at 300,000 euros, informed the news website Novinky.cz. Pavel Kroužek, managing director and co-owner of Antium Aurum, which organized the auction, estimated before the auction that the price would climb to 550,000 euros or higher, similar to the auction of the ten ducat in 2017. The company obtained a rare coin from a private foreign collection, the owner of which he wished to remain anonymous. "In 1937, there was probably only private demand for these coins, so there were so few of them minted. She probably traveled there before the Second World War, but I do not know exactly, the owners did not tell me," said Kroužek. The uniqueness of the coin is also evidenced by the fact that it is missing from the state collection of the Czech National Bank. "It is a specific Czechoslovak affair, so it will certainly be bought by one of the local patrons or collectors and placed in a private collection. In every good collection of Czechoslovakia, this is the only coin that is missing," Kroužek said before the auction.
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