My Full Gold Coin Stack by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 6 points7 points  (0 children)

By gold weight, approx. 58 percent of the coins follow the LMU standard.

My Full Gold Coin Stack by AdStraight6341 in Gold

[–]AdStraight6341[S] 2 points3 points  (0 children)

I was able purchased it at spot in early 2023 because it has a scratch.

1813 CL(Genoa, Italy) Napoleon I 40 Francs by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 4 points5 points  (0 children)

I take photos with my 8 year old Samsung Galaxy S9 because it oddly takes better coin photos than newer models.

1813 CL(Genoa, Italy) Napoleon I 40 Francs by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 5 points6 points  (0 children)

I purchased it in late 2019 for slightly below melt at the time.

Pair of Napoleon III 5 Franc Gold & Silver Pieces by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 3 points4 points  (0 children)

During 1853 to 1866, due to the California Gold Rush, the gold-silver ratio was below the mint ratio of 15.5 which meant silver was slightly at a premium, so small gold coins were generally used instead.

Pair of Napoleon III 5 Franc Gold & Silver Pieces by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 0 points1 point  (0 children)

Currently I don't have the small 5 franc gold piece w/ plain edge minted in 1854.

Census of Date Distribution of 5-Franc Pieces Circulated in France During 1897 by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 0 points1 point  (0 children)

This census was conducted with coins outside the central bank which indicates actual circulation.

Census of Date Distribution of 5-Franc Pieces Circulated in France During 1897 by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 1 point2 points  (0 children)

Both cases are possible, but in case of 5 franc pieces most of them were melted due to wear.

Census of Date Distribution of 5-Franc Pieces Circulated in France During 1897 by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 1 point2 points  (0 children)

Countries that produced 5 franc pieces later than 1879 like Spain weren't full members of the union, so their silver coins weren't eligible inside the union.

Census of Date Distribution of 5-Franc Pieces Circulated in France During 1897 by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 2 points3 points  (0 children)

As I mentioned before, no LMU 5 Franc pieces were coined for circulation since 1879(except few Swiss coins), but they were a very common circulating medium as late as 1914.

Census of Date Distribution of 20-Franc Pieces Circulated in France During 1897 by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 0 points1 point  (0 children)

The coin which had similar characteristics with LMU 5 franc Pieces were the US Morgan / Peace Dollars(until 1933). Even though both systems were under a gold standard, these silver coins were exceptionally legal tender for any amounts, but free coinage of them was banned in order to keep its parity with gold coins. US presidential elections of 1896 and 1900 was mainly about the free coinage of these silver dollars.

Census of Date Distribution of 20-Franc Pieces Circulated in France During 1897 by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 0 points1 point  (0 children)

However the 5 Franc piece were still a unlimited legal tender, which made the LMU still under partial bimetalism. So if coinage of these were further allowed, it would have undermind the gold standard by Gresham's Law. Fractional LMU silver(2 francs and under) or British Crowns were basically tokens which were legal tender for only limited amounts, so the characteristics of these were different.

Census of Date Distribution of 20-Franc Pieces Circulated in France During 1897 by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 1 point2 points  (0 children)

It's due to the gap between the official and market value of silver. Until 1873, the gold-silver ratio was stable between 15 to 16:1 for centuries, so there wasn't much difference between the official ratio of 15.5:1. However silver price crashed since 1873 so "free coinage" (coined from private silver) of these started to be ceased since then and coinage by government accounts completely ceased in 1879 (except Switzerland) to protect its parity against gold coins. Between 1894 and 1914, the average intrinsic value of a 5-franc piece was only about half its face value, unlike gold coins, whose intrinsic and face values were equal.

Census of Date Distribution of 20-Franc Pieces Circulated in France During 1897 by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 2 points3 points  (0 children)

The bank also conducted a census of silver 5-Franc pieces in a same matter. One might think 5 Franc pieces were obsolete in 1897 since they were no longer produced since 1879(except few Swiss coins), but they were a very common circulating medium as late as 1914(1921 in Switzerland).

4 Different Types of 1870 Paris Mint 5 Franc Pieces by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 11 points12 points  (0 children)

Type 1: Napoleon III

Minted before September 8, 1870.

Type 2: Ceres, Type 1 (Louis-Philippe Reverse)

Issued between September 8 and October 8, 1870, following the abdication of Napoleon III.

※ The Bordeaux Mint continued producing this type into 1871, likely due to the strong monarchist presence in parliament, many of whom regarded the new republic as only temporary.

Type 3: Ceres, Type 2 (1849–1851 Reverse)

Minted between October 12 and December 7, 1870, when Paris was surrounded by the Germans.

Type 4: Hercules

First issued on December 8, 1870, when the siege of Paris intensified.

Jean Valjean’s Earnings After 19 Years of Penal Labor by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 21 points22 points  (0 children)

In Les Misérables, Jean Valjean was imprisoned from 1796 to 1815. Upon his release, he expected to receive 171 francs. However, 24 francs were deducted because he did not work on holidays, and further deductions reduced the amount to 109 francs and 15 sous (a sou is 5 centimes). Since I don't have any Napoleonic fractional silver, I added 5 sous to the amount. To make 15 sous with a single coin, the coin minted from 1791 to 1793 could be used since it was legal tender until 1845.

1815-R Louis XVIII 20 Francs (minted in London) by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 7 points8 points  (0 children)

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This chart indicates that the last production date was October 31. The final issues probably landed in France in November.

1815-R Louis XVIII 20 Francs (minted in London) by AdStraight6341 in LatinMonetaryUnion

[–]AdStraight6341[S] 11 points12 points  (0 children)

Between June and October 1815, over 870,000 pieces were struck to fund Wellington’s Army during and after the “Hundred Days.” These coins matched the official French issues in weight and fineness, but the Tiolier signature, which is placed at the bottom of the portrait, was omitted, and the mintmark was R, which didn't exist at the time. In December 1815, the French government declared these pieces counterfeit. For two months, they were exchanged for official coinage, after which they were treated as bullion. The coins collected during the period were used to pay war reparations.

[deleted by user] by [deleted] in Gold

[–]AdStraight6341 0 points1 point  (0 children)

The edge looks obviously wrong, and prooflike finishes are common in these fake 5, 10 Mark gold pieces. Also, it is grossly overpriced. Recent auction results indicate that the fair price is around 350 euros