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Extremes Of Norwegian Coins: Bracteats And 4 Speciedalers

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DVCollector's Avatar
United States
10045 Posts
 Posted 01/26/2012  10:24 pm Show Profile   Bookmark this topic Add DVCollector to your friends list Get a Link to this Message Number of Subscribers
From Oslo's Cultural History Museum are two interesting coinage extremes. The first are silver bracteats from the 1100s, typically weighing from 0.05-0.07 grams. 0.05 grams is the same weight as a 1/4 carat diamond.

Extremes-Of-Norwegian-Coins:-Bracteats-And-4-Speciedalers


On the there other end of the scale are a stack of 3 speciedalers coins, with the central coin 4 Speciedalers. They weigh 87.7 and 116.93 grams respectively. The 4 Speciedalers coin struck during the reign of Christian IV (1588-1648) is very rare. Native silver from Kongsberg is in the back.

Extremes-Of-Norwegian-Coins:-Bracteats-And-4-Speciedalers
Edited by DVCollector
01/26/2012 10:27 pm
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Apollo's Avatar
Canada
1610 Posts
 Posted 01/26/2012  10:34 pm  Show Profile   Bookmark this reply Add Apollo to your friends list Get a Link to this Reply
Wow, those coins are HEAVY. Those must cost a fortune. Thanks for showing DV!
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 01/26/2012  10:41 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
Those must cost a fortune.
I was told the 4 Speciedaler coin is worth a small fortune -- about $500,000
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almingbg's Avatar
Sweden
71 Posts
 Posted 01/27/2012  05:10 am  Show Profile   Bookmark this reply Add almingbg to your friends list Get a Link to this Reply

Quote:
I was told the 4 Speciedaler coin is worth a small fortune -- about $500,000


Small fortune? Lucky you
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Apollo's Avatar
Canada
1610 Posts
 Posted 01/27/2012  07:59 am  Show Profile   Bookmark this reply Add Apollo to your friends list Get a Link to this Reply

Quote:
I was told the 4 Speciedaler coin is worth a small fortune -- about $500,000


My my, I'll have to wait 'till silver drops a bit.
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Canada
9862 Posts
 Posted 01/27/2012  10:08 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
There's about a pound and a half of silver there.I wonder what the purchasing power of these coins was four hundred years ago.Three ounces of silver won't buy much today,I wonder what one these coins could have bought in 1612.
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DVCollector's Avatar
United States
10045 Posts
 Posted 01/27/2012  11:53 am  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
I was told by a collector in Norway, Litotes here on CCF, that these high-denomination coins saw very little use. If you look closely at this group of 8, the rims are almost perfect. I suspect that 4 speciedaler was worth more than simply 3.76 ounces of silver, because Viking hack-silver had been long demonetized.

I sure hope it's clear these aren't my coins. If you ever get to Oslo,check out the Cultural History museum, and the Kongsberg mint museum. Both have excellent coin exhibits.
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Litotes's Avatar
Norway
510 Posts
 Posted 01/28/2012  03:02 am  Show Profile   Bookmark this reply Add Litotes to your friends list Get a Link to this Reply

Quote:
I suspect that 4 speciedaler was worth more than simply 3.76 ounces of silver


There has been no suggestion that these were worth more than their weight in silver at the time. But they are believed to have been used mainly as payment for important foreign purchases - these impressive coins would act as a signal to the seller. Very few Norwegians would come into contact with them. And so it remains - we have zero 4 speciedaler Christian IV with private ownership. We have one 4 speciedaler Christian V. That's the one that sold for $500 000, incidentally at a time when silver value was much lower than today (2005).
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DVCollector's Avatar
United States
10045 Posts
 Posted 01/28/2012  04:02 am  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
Thanks for the clarification Litotes!
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