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Stack’s Bowers – Outstanding Quality Romanian 20 Lei

By Kyle PonterioStack’s Bowers Auctions ……
Romanian 1870-C 20 Lei graded PCGS MS-65

The ANA World’s Fair of Money auction has come and gone, and many rare and interesting numismatic treasures have found new homes, including a nice selection of Romanian coinage. One piece stands out not as the highest price realized in the auction, but as a testament its quality and rarity. Lot 21346 was a beautifully preserved Romanian 1870-C 20 Lei graded PCGS MS-65 in a Secure holder that realized $17,625 USD.

Normally found in condition between Very Fine and Almost Uncirculated, true Uncirculated examples are very rare. Not only is this a wonderful example of this one-year type with a reported mintage of 5,000 pieces, it is also pedigreed to the incredible Mortimer Hammel Collection. That gentleman’s eye for quality can’t be denied.

While still under the sovereignty of the Ottoman Empire, the use of the effigy of the Romanian Prince Carol I was deemed by the Turks to be a sign of a desire for independence. Through protests of the Turks the later issues of 1872 and 1876 replaced his effigy with the coat of arms or the crown of Romania. When independence was gained in 1878 through the signing of the Treaty of Berlin, this effigy was returned to coinage as seen on the 1879 2 Bani and was used throughout the rest of his reign.

At six o’clock on the reverse can be seen the letter “C”, which stands for C.J. Candescu, an engineer who organized and became the first director of the Bucharest Mint.

Stack’s Bowers is currently accepting consignments for our January 2017 New York International Numismatic Convention (NYINC) sale, as well as our April 2017 Hong Kong auction. For more information on consigning to these or another of our upcoming events, call 800-458-4646 and speak to a consignment specialist.

Stack's Bowers
Stack's Bowershttps://stacksbowers.com/
Stack's Bowers Galleries conducts live, internet, and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 90-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection, The Sydney F. Martin Collection, and The Battle Born Collection — to name just a few. World coin and currency collections include The Pinnacle Collection, The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Salton Collection, The Wa She Wong Collection, and The Thos. H. Law Collection. The company is headquartered in Costa Mesa, California with galleries in New York, Boston, and Philadelphia. Offices are also located in New Hampshire, Oklahoma, South Carolina, Virginia, Hong Kong, Paris, and Vancouver.

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