| Author |
Replies: 20 / Views: 5,171 |
|
Valued Member
Canada
360 Posts |
At first I thought it was a Trade dollar but the young image, date made me think of Austro-Hungary Empire ending in 1918 but I have been unable to Identify properly. Can any member help on this coin? It is about 40mm, silver content, scrolling on edge with initials.     Edited by Imasnore 11/10/2012 12:35 pm
|
|
|
|
Pillar of the Community
614 Posts |
Hello, what you have here is, if real, a pretty rare coin. You have a 1918 Italian Somaliland (Eritrea) 1 Tallero coin. It was made in the style of the Maria Theresa Talers but is much rarer and scarcer. Also, it is not a re strike. I hope I helped!
|
|
Valued Member
Canada
156 Posts |
tzarmarko how rare are these and what are they worth. I have never heard of this coin before.
|
|
Valued Member
 Canada
360 Posts |
Maria T. is such a common image. I searching Austria or Austro-Hungary Empire. I would have never guessed Italy & Africa, Somalia. Thank You for info.
|
|
Valued Member
 Canada
360 Posts |
I tried googling this coin but there appears to be very little issued about this year and type of coin as there are counterfeits. Assuming this was a real tallero. What would be the top end $ & low end $ of this type of coin? My <u>World Book of Coins</u> 1987 Edition by Krause & Mishler does not cover it- no idea on mintage qty etc available.
|
|
Pillar of the Community
Canada
695 Posts |
|
|
Pillar of the Community
2087 Posts |
Actually the obverse is not of Maria Theresia but is an obverse (in Imitation of the MTT)that was first used on Venitian Tallero in the 18th century; which was also produced to compete with the MTT. This 1918 strike came about when the Italians failed to get a concession (rejected by the Habsburg Monarchy in 1912 )from the Austrians to produce MTT. The aim in producing this coin was to replace the MTT. The Italians concentrating on their own holdings in east Africa failed to recognize that the MTT circulated in a huge trading network and it was the economic drivers supporting that net work that sustained the MTTs use in the region. Accordingly by only supplying the coins to Eritrea ( BTW Eritrea was not Italian Somalia but rather it had been a province of Ethiopia. Italian Somalia is Somalia today) the Italians did not change the the dynamics of the overall trade network and their attempt failed. The value of the coin is some where between US$150.00 and US$300 in that condition (it appears to be genuine). A proof example (prova) would demand in excess of US$1000. Note the Italians had tried to replace the MTT in Eritrea in the 1890s ( and failed for the same reasons) as did King Menelik of Ethiopia in the late 1890s.
Edited by austrokiwi 11/10/2012 03:59 am
|
|
Pillar of the Community
Hong Kong
1270 Posts |
Thank you very much for your information of MTT, austrokiwi. Quote: ...Venitian Tallero in the 18th century; which was also produced to compete with the MTT. Here do you mean the Venetian Tallero in the 18 Century was produced to compete with the MTT during her reign, not her posthumous restrike thalers. After MT's death, there were far more competitors else?
|
|
Valued Member
 Canada
360 Posts |
There was a trend for a "World Currency" in 1918 as there is now... The link provided by aiglet7 was a big help, as were the other comments to gain a different prespective of this coin and era. Thank You.
|
|
Valued Member
 Canada
360 Posts |
Posted New daylight images of edge of this coin. Scrolling star Scrolling initials F.E.R.T. some discoloring or wear on edge showing a brown underlay....
|
|
Pillar of the Community
2087 Posts |
Quote: Here do you mean the Venetian Tallero in the 18 Century was produced to compete with the MTT during her reign There was considerable competition before Maria Theresas death. however the Venetian Tallero was produced from 1780-1797: Krause C 137 World coins 1701 -1800. Actually the MTT was following the example of the first dollar (Hall Guildengroschen), the Jochimsthaler Guildengroschen, the Dutch Lion Thaler( its self likely a copy of the Jochimsthaler. All the coins mentioned were traded to the Levant either legally or through smuggling. In Levantine trade, around 1780 the MTT, competed with coins produced in Venice, Ragusa,Tuscany and Prussia( and of course the 8 reales). The MTT simply outlasted the competition
|
|
Pillar of the Community
614 Posts |
So yes, you basically have a coin that I have always dreamed of having. 
|
|
Pillar of the Community
United States
5362 Posts |
The Tallero is a very beautiful coin - one I too have always dreamed of owning - but I instead own a half dozen forgeries of the coin. There are many counterfeit versions.
If you see 100 Talleros - 90 will be fake and only 10 real. I am suspicious of all examples offered below $150.
From the photos it looks like a 1950's restrike but I could be wrong. The photos do not blow up sharply enough to be certain but the fine line work looks heavy and clumsy to me and the color is "dead".
The silver restrikes were made from transfer dies and one of the notable ones is missing the top of the first letter R in the name of the country on the reverse.
|
|
Valued Member
 Canada
360 Posts |
"If it is too good to be true..." I am rather uncomfortable about the edge work, however, the lace work, tirara and lines on crest, feathers on eagle appear very defined. I have not seen enough real or counterfeits to determine the authencity of this coin... too little known on Providence by me ( inherited it as is).
|
|
Pillar of the Community
Hong Kong
1270 Posts |
I would like to share my collection with you, Imasnore, you can compare yours with mine, I am confident my coin is genuine. Weight of my coin is 27.98 grams and 39.4-39.8 mm diameter. What I don't like your coin is that it does not look like silver made (of course, maybe a matter of photography), can you tell the weight of your coin? I want to add one more point from the Italian Tallero, this coin has no collar that it shouldn't be at the right time technology could do it easily so there is no point to say this Tallero was not an imitation of MTT. Who knows the meaning of edge letters "FERT", I am thankful if you can tell me. Henry   
|
|
Pillar of the Community
United States
5362 Posts |
F.E.R.T. is the motto of Italian Royalty typically of the Savoy's but the meaning of the Acronym is uncertain. It has been around since the early 1700's.
It appears on most of the Italian Regal issues. It is NOT a Republic motto.
One other question about the original coin that was posted is the R mint mark CLEAR - the fakes look more like a blob.
|
| |
Replies: 20 / Views: 5,171 |