Lot 40
1721-H French Colonies Copper Sou. VF-30. Struck at the La Rochelle Mint in France from copper mined at the "Copper Mountain" in Falun above Stockholm (source of 2/3 of the copper ore used by European mints since it was discovered in 1347). Shipped over in mid-1722, most of the French colonists refused to accept these pieces (Breen). During that time, John Law was up to his famous attempt at paying off the French national debt with paper currency, and French money of all sorts was being devalued. The French troops stationed in Quebec were threatening to mutiny, and these coins were sent over to help avert this action. Fearing a further devaluation, these coins were not readily accepted, and did not widely circulate. Sharply struck at the centers and average in surface quality. One small rim mark on the top left of the reverse, and the planchet is slightly bent. Slightly porous and toned a medium and reddish brown on the obverse, more red on the reverse.
Estimated Value $200 - 300.
Purchased from Stack's 10/21/44 for $5.
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| Realized $219 |
