A rare vintage of a Stanislaw August Poniatowski gold coin.
Variety with a dot after the date and the initials EB of Efraim Brenn, intendant of the Warsaw mint from 1774 to 1792.
The coin is very difficult to obtain and unobtainable in mint condition.
The only piece with the highest grade in the NGC and PCGS registry (the only piece at all with a numerical grade).
The 1778 gold coins are found on the auction market very sporadically and only in circulated or heavily circulated condition.
The featured item is the best piece that has appeared in the trade so far.
Minor sheet metal defects on the obverse and minimal justing on the reverse, but otherwise a beautiful piece.
Highly recommended!
During the first two years of the reign of Stanislaw Augustus, municipal mints operated in Gdansk and Torun (1765 and 1766). However, these cities were forced to close them. This was because the king intended to recover from the monetary chaos left over from the Saxon era and introduce a new monetary system. Its basis was to be the Dutch ducat and the thaler minted from the Cologne fine (pure silver) in 10 pieces. The reform came into effect in 1766, and the monetary circulation of the Republic included fine and full-value coins: ducats, thalers, zlotys, pennies and their fractions and multiples. The fact that these were full-value coins caused them to be pulled from the market and melted down into lower-quality Prussian coins. For this reason, the monetary system was revised twice, including changing the minting rate (1787 and 1794). During the reign of Stanislaw August, two state mints worked: the Cracow and Warsaw mints.
