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Lot 30309

Image Information

Type Coin
Title Lot 30309
Date 1705
Country Transylvania
Service Catalog # 270489
Mint Mark KV
Description Franz Rakoczi gold Ducat 1705-KV, Klausenburg mint. KM530, Fr-478, AU55 NGC. Minted at Kolovar. Obv. Crowned cartouche with coat of arms of Transylvania with Rakoczi arms atop. Rev. Palm tree surrounded by three hills, K-V and date divided. Struck during the revolt against Austria by Franz Rakoczi, and it was affectionately termed a "Palm Ducat" because of the focal design. One of the more impressive types of this period. The latin legend, "TANDEM OPPRESSA RESVRGET", loosely translated, "though pressed, he rises", confirms this symbolism. The present example, one of only three or four to appear publicly in the past decade, is particularly choice for the assigned grade, with even orange-gold surfaces, no visible abrasive contact and barely a wisp of slight friction on the highpoints. The strike, while not completely full, doesn't obscure intended detail and naturally gives a semi-undulating appearance in the design-free areas. All in all, a rare example of this impressive type that yields a wonderfully story and visually leaves little to be desired. Franz Rakoczi was born in 1676 into a Hungarian aristocrat family and in time would become an accomplished military leader for Hungary, leading an uprising against the Habsburgs that began in 1703 and lasted until 1711. During this period, Rakoczi, with the French-Bavarian armies as allies, led the cause for Hungarian independence from Austria. In 1704, Rakoczi began his reign as Prince of Transylvania and in September of 1705, he was elected Ruling Prince of Hungary. Peace talks began in 1705, with the sovereignty of Transylvania being a primary stumbling block on an agreement. While he saw numerous military successes up until 1706, the financial burdens of war eventually began to catch up and his military presence began to dwindle. At the Battle of Trencs?n in 1708, Rakoczi fell from his horse and was thought dead. As a result much of his army defected and took an oath of allegiance to the Emperor. With a diminished army, Rakoczi's held territory became increasingly limited and in 1711, he fled to Poland. Because of his noble actions, Rakoczi is today considered a national hero in Hungary. Ex: ?Colonel? E.H.R. Green; Green Estate? Partnership of Eric P Newman / B.G. Johnson. Realized $18,212.50. Description courtesy of Heritage Auctions.

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