ARCHIVE

High Grade French Colonies 1721-H 9 Deniers

No one pays more!

For high quality Washington medals. If you have rare or top condition Washington-
iana for sale or trade, contact us!

High Grade French Colonies 1721-H 9 Deniers

SOLD

Details

French Colonies. 1721-H 9 deniers. La Rochelle mint. EF-40 (PCGS). Perhaps the most underrated copper coin in the entire colonial canon, conceived and struck for circulation throughout the French New World but in reality circulated primarily in Louisiana, the Gulf Coast, and the Mississippi Valley. Large numbers of these copper sous were struck for the Compagnie des Indes in 1721 and 1722, mostly at the mint in the Atlantic port of La Rochelle though a small production was also minted in Rouen in 1721. The coppers were mostly sent to Canada, where they were roundly rejected and shipped back to Canada. Thereafter, a substantial proportion were sent to New Orleans, where they also found little favor. In 1724, their value was officially reduced from 9 deniers to 6 deniers, but that didn't seem to help much. By 1726, the government of Louisiana actually passed a law specifically compelling their acceptance in small transactions. This may have worked, as the coins are found archaeologically all over Louisiana, the Alabama coast, and even into Illinois (like these found at New Chartres, near St. Louis). Most are found well-worn and their typical surfaces may be charitably described as wretched. 

The foremost offering of 1721 and 1722 9 deniers ever was the collection of Ted Craige, offered by StacksBowers in November 2012. Among the 12 1721-H pieces, just one was graded as high as EF-40 by PCGS; it brought $6462.50. It was admittedly a bit nicer than this PCGS EF-40, with glossy tan surfaces, but the sharpness was equivalent and the overall quality was not far removed. The second best PCGS-graded 1721-H, graded VF-30 (PCGS), netted $1410. PCGS has graded a piece finer than this 12 times, though having studied this issue for a long time, I tend to think the actual number of coins that represents may be half as many. This is a very rare coin in high grade.

The present example is chocolate brown and, importantly, shows excellent centering, with full reverse legends. Many are aligned to 12:00, with a notable proportion of the legends off the planchet. The surfaces are a bit granular, as per usual, though no severe pitting is seen. The eye appeal is excellent and original, and no serious marks are seen. A dedicated collector would have a tough time upgrading this piece. As the importance of this issue is better appreciated, there will undoubtedly be greater demand for top-grade pieces.

Additional Information

Grading Service PCGS
Grade XF40
Designation N/A
Mint Location No
Strike Type No
Circulated/Uncirc Circulated
Grade Add On N/A
SKU or Cert # 25041089

Listed below are blog articles related to this product listing, if applicable:

Description

Details

French Colonies. 1721-H 9 deniers. La Rochelle mint. EF-40 (PCGS). Perhaps the most underrated copper coin in the entire colonial canon, conceived and struck for circulation throughout the French New World but in reality circulated primarily in Louisiana, the Gulf Coast, and the Mississippi Valley. Large numbers of these copper sous were struck for the Compagnie des Indes in 1721 and 1722, mostly at the mint in the Atlantic port of La Rochelle though a small production was also minted in Rouen in 1721. The coppers were mostly sent to Canada, where they were roundly rejected and shipped back to Canada. Thereafter, a substantial proportion were sent to New Orleans, where they also found little favor. In 1724, their value was officially reduced from 9 deniers to 6 deniers, but that didn't seem to help much. By 1726, the government of Louisiana actually passed a law specifically compelling their acceptance in small transactions. This may have worked, as the coins are found archaeologically all over Louisiana, the Alabama coast, and even into Illinois (like these found at New Chartres, near St. Louis). Most are found well-worn and their typical surfaces may be charitably described as wretched. 

The foremost offering of 1721 and 1722 9 deniers ever was the collection of Ted Craige, offered by StacksBowers in November 2012. Among the 12 1721-H pieces, just one was graded as high as EF-40 by PCGS; it brought $6462.50. It was admittedly a bit nicer than this PCGS EF-40, with glossy tan surfaces, but the sharpness was equivalent and the overall quality was not far removed. The second best PCGS-graded 1721-H, graded VF-30 (PCGS), netted $1410. PCGS has graded a piece finer than this 12 times, though having studied this issue for a long time, I tend to think the actual number of coins that represents may be half as many. This is a very rare coin in high grade.

The present example is chocolate brown and, importantly, shows excellent centering, with full reverse legends. Many are aligned to 12:00, with a notable proportion of the legends off the planchet. The surfaces are a bit granular, as per usual, though no severe pitting is seen. The eye appeal is excellent and original, and no serious marks are seen. A dedicated collector would have a tough time upgrading this piece. As the importance of this issue is better appreciated, there will undoubtedly be greater demand for top-grade pieces.

Additional

Additional Information

Grading Service PCGS
Grade XF40
Designation N/A
Mint Location No
Strike Type No
Circulated/Uncirc Circulated
Grade Add On N/A
SKU or Cert # 25041089

Related Blog Article(s)

Listed below are blog articles related to this product listing, if applicable:

Post your comment

John Kraljevich Americana