English language forewords to:

(German / Danish click here)

 

A) Scandinavian Coin Price Yearbook

B) Danish-Norwegian Coin Price Yearbook

C) Swedish Coin Price Yearbook

D) Scandinavian Banknote Price Yearbook

E) Roman Coin Price Yearbook

 

 

 

 

 

 

 

 

 

 


Foreword#1: Danish-Norwegian Coin Price Yearbook 1997/98

Foreword#2: Danish-Norwegian Coin Price Yearbook 1995/96

Foreword#3: Scandinavian Coin Price Yearbook 1999/2000

 

Preface

 

A record of prices realized at public auctions will primarily be of monetary interest to collectors, dealers and others.

 

One important fact should be noted: a price realized at auction is not necessarily the correct "market value" . A number of factors influence auction prices: were there no bidders on the day, were there two ´fanatic´ bidders competing, were people prevented from attending due to the weather or the football match, or did absolutely every dealer and collector attend because of the importance of the material offered, was the coin mis-identified or wrongly graded, etc. etc.

 

"Market value" is an arbitrary amount only valid at one place at one time; after that it is out of date. Like condition grading it is subjective, within certain limits. "Valuation guides", perhaps arrived at without the benefit of the market overview supplied by the Coin Price Yearbook, are even more subjective.

 

The listing of prices realized at public auctions is a valuable source of information.

 

The market overview the Coin Price Yearbook gives may reveal that a coin regarded as common rarely appears on the market, or conversely that a coin believed to be rare in fact turns up quite frequently.

 

A second and important value of such a listing is as a source for specialist collectors, writers and researchers. It shows clearly which and how many specimens appear on the market. Details of weights, varieties according to the Schou catalogue reference numbers and illustrations are of particular interest to these users, and it would be valuable for them if all auction houses supplied these details.

 

Not every coin type is sold every year. There are many extremely rare coins which are only offered for public sale once in 5, 10, 20, 30, 50 or even more years !

 

A long sequence of Coin Price Yearbooks will thus be of immense value to those with a commercial interest as well as to academic researchers. Much information will be readily available here, making time-consuming consultation of many different catalogues unnecessary.

 

So, keep this edition of the Coin Price Yearbook. It will still be of value in ten years´ time.

 

The prices in this book represent a historical review of what the market prices were in the years included. It will not tell you what the market price is today, or predict what they may be in the future.

 

If the reader still wishes to read the guaranteed prediction of the development of market prices after the publication of this volume, the only action required will be to buy the next edition in two years’ time !

 


 

Arrangements of the listings

 

Collectors have, over the centuries, used different systems to categorise and arrange coin listings. Some of the methods are given here:

 

1) according to the catalogue "Beskrivelse over Danske Mynter og Medailler i Den Kongelige Samling" (1791)

 

2) according to the catalogue by Jørgensen "Beskrivelse over Danske Mønter 1448-1888" (1888)

 

3) according to the catalogue by Schou "Beskrivelse af Danske og Norske Mønter 1448-1814 og Danske Mønter 1815-1923" (1926)

 

4) according to the catalogue by Hede "Danmarks og Norges mønter. 1541.1814.1977" (1978)

 

5) according to the catalogue by Bergsøe "Trankebar-Mønter" (1895)

 

6) according to the catalogue by Funck-Rasmussen "Beskrivelse af Danske Mønter fra Trankebar 1620-1845" (1948)

 

7) according to the catalogue by Uno Barner Jensen "Trankebar-mønter. Ca. 1620-1845" (1978)

 

8) according to the catalogue by Ahlström, Brekke and Hemmingsson "Norges mynter", (1976)

 

9) according to the catalogue by Galster "Unionstidens udmøntninger" (1972)

 

10) according to the catalogue "Siegs møntkatalog" (1997)

 

11) in order of denomination beginning with the highest

 

12) in order of denomination beginning with the lowest

 

13) according to mint

 

14) according to region of use

 

15) according to metal

 

16) or according to other systems or a combination of some of the above

 

Whichever method chosen will find favour with some whilst others will find it unsatisfactory.

A combination of arrangements has been used in this Coin Price Yearbook. Denmark, Slesvig-Holsten, Gotland, Sweden and the West Indies are arranged according to method 10 and 12, Tranquebar according to 7, and Norway to 8.

 


 

Information included in the Coin Price Yearbook

 

Generally:

The Yearbook quotes the information as given in the auction catalogues. Some errors may occur. There may be identification errors or misprints in the auction catalogues, and the Yearbook itself cannot be guaranteed error-free. The details in the Yearbook are recorded on the basis of the Galster/Hede/UBJ catalogue reference number given by the auction house, so any error in this number will most likely be transferred to the Yearbook.

 

If there are varieties of a type, for instance H80A, H80B, H80C, and the auction catalogues states only the main type H80, then the coin will appear in the Yearbook as the first variety, in this example H80A.

 

Auktkode:

Identifies the auction house. Also gives the date of the auction and the lot number.

 

F:

Denotes photographic illustration in the auction catalogue of the coin in question.

 

Schou:

References to varieties according to the Schou catalogue are quoted where given.

 

NM:

References to NM are (usually) quoted where given.

 

Møntsted:

Mint.

 

Kommentar:

Gives the comments of the auction house. Rarity ratings are those given by the auctioneer. The Danish/Norwegian and Swedish definitions of R-ratings differ. In the main the ratings given reflect the information in the Hede catalogue, which mostly are misleading and insufficient. All of the rarity analysis anonymously published by the various auctionhouses are as per definition insufficient and thus misleading to the prospective buyers. Read further on these subjects in the lampoons "Nytårsbrevet 31. december 1993: H.H.Schous aftrykskartotek og sjældenheds-undersøgelser" and "Nytårsbrevet 31. december 1994: Sagkundskab - II ".

Remarks of the editor are restricted to [Printers error: ..... ] , [Quoted as: ..... ] or [Identification error: ..... ] .

 

Vægt:

Weight is quoted where given by the auctioneer.

 

Kvalitet:

The auctioneer´s condition grading. Note that this is subjective and varies from firm to firm.

 

Min./Vurd.:

Stated minimum or estimated prices. If a range is given (e.g. 10,000-15,000) the higher figure is quoted (15,000).

All amounts are converted to DKK/NOK at the exchange rate of the day. Converted amounts are marked with an asterisk * . A table of exchange rates at the various dates is given at the front of the Yearbook.

 

Hammerslag:

Hammer price at the auction. In addition a buyer´s commission will be payable to the auctioneer, and in some cases tax is payable to the state. A table of commission rates and tax rates is given at the front of the Yearbook.

Prices are converted to a single currency (:DKK/NOK in this Yearbook) to facilitate comparison. Converted amounts are marked with an asterisk * . A table of exchange rates at the various dates is given at the front of the Yearbook.

The prices are quoted from the auctioneers´ printed lists of prices realized. These may vary according to what present bidders felt they experienced in the auction room, for instance in the case that a coin at first not sold later were cried out once again. For some very recent sales where no price lists are yet available, prices noted by an observer at the sale have been included.

 

Hammerslag+ standardsalær:

Hammer price + standard buyer's premium. The total buyer's price can be used to compare with prices in catalogues or other market price indications. Note that the buyer does not necessarily pay a standard commission.


 

General guide to

what a coin price yearbook is,

and what it IS NOT

 

The defining rules for the coin price yearbook will be found in the foreword. This guide explains in a little more detail the general principles behind the yearbook.

 

The coin price yearbook is an INDEX of what has appeared in a large number of auction catalogues, and is basically NOTHING MORE than an index

 

It follows from this that any errors in catalogues references, grading or even identification will be copied directly from the auction catalogues to the yearbook.

 

There has been no systematic attempt to identify or correct any of these errors. The task would be impossible.

Any errors discovered by chance during the compilation of this yearbook have been noted, but we repeat, no systematic attempt has been made to find and correct such errors.

 

The yearbook has no illustrations, as it is only an index. In some cases publishers of coin price yearbooks give references to illustrations in the auction catalogues.

 

One of the main reasons for publication of the yearbook is price comparison. In order to compare prices it is necessary to convert prices to one currency in the case of auctions taking place in different countries.

 

A coin price yearbook includes only auctions in what is defined as the ‘home market’.

As an example, the old and established Deutsches Münzpreis-Jahrbuch only covers auctions held within what was the old German Empire (around the 35 most influential auction houses in Germany, Austria, Switzerland and Poland). This book does not include German coins sold in USA or the rest of the world.

 

As a second example, the likewise old and established Auction prices realised. U.S. coins. Auction results only covers auctions held within America (around the 15 most influential auction houses in USA). This book does not include American coins sold in Germany or the rest of the world.

 

As a third example, the new Dansk-Norsk Myntpris-Årbok 1995/96 only covers auctions held within Scandinavia (though the new Svenska Myntpris-Årsboken 1995/96, exceptionally, includes one Swiss auction).

 

For antique coins the ‘home market’ is defined as the ‘world market’.

 

Occasionally a foreign auction has a significant Danish/Norwegian/Swedish content and will be included as an exception to the general rule (e.g. Münzen & Medaillen AG auction 80 which was a significant sale of Swedish coins).

 

Note particularly that coins of Schleswig-Holstein sold at German auctions are included in Deutsches Münzpreis-Jahrbuch and will thus not be included in Dansk-Norsk Myntpris-Årbok.

 

But note that coins of Schleswig-Holstein sold at Danish auctions are not included in Deutsches Münzpreis-Jahrbuch.

 

Finally - Thank you everybody for your interest in the book, and your desire to discuss its present and future form.

 

The editor


..... Look up for yourself what the market pays for your coins .....

 

Dansk-Norsk Myntpris-Årbok 1999/2000

 

Release information

 

German coin collectors have been able to consult Deutsches Münzpreis-Jahrbuch (1. edition 1976) for market prices for more than 20 years. These yearbooks of German coins have been published by Tyra Gräfin Klenau, O.P.Wentzlaff and at the latest by Kazimir Wonsik (1995: price DEM 185), and contains in every yearbook thousands of auction prices realized from the auctioneers hammer in German / Swiss / Austrian / Polish / Swedish auctions.

 

Collectors of Scandinavian coins now will have the same opportunity in the new book

Dansk-Norsk Myntpris-Årbok 1999/2000.

[:Danish-Norwegian Coin Price Yearbook 1999/2000] [:Dänisch-Norwegisches Münzpreis-Jahrbuch 1999/2000].

...............................................

 

The following areas will be included in the Dansk-Norsk Myntpris-Årbok 1999/2000:

 

Coins from Denmark 1448-1999, Norway 1483-1814-1999, Schleswig-Holstein 1514-1864, Tranquebar 1620-1845, Danish West Indies 1740-1917; Danish union kings in Sweden 1449-1565, Wolfenbüttel 1627, Bremen and Verden 1641-1643, Oldenburg 1761-1765, Lauenburg 1830.

[In principle this means all coins included in H.H.Schou’s corpus "Beskrivelse af danske og norske Mønter 1448-1814 og danske Mønter 1815-1923" (Copenhagen 1926) - with the exception of Prince Magnus]

 

The 10.000 hammer prices realized, were for coins sold through these 43 public auctions held during 1998 and 1999:

 

Ahlström 57-58-59-60  Künker 46
Antikören 21-22-23 Leu Numismatik 75
Bruun Rasmussen 645-654-661-669 Nellemann & Thomsen 731-739-750-762
Holmasto 64-65-66-67-68-69-70-71 Nordén 31.10.1999
Høiland 1-2-3-4-5-6  Oslo Mynthandel 41-42-43-44
IK Mønter 33-34-35 Peus 361
Kunsthallen 506 Tonkin 10-11

 

 

All coins offered as SINGLE-objects will be included for the complete period 1448-1999 (as far as they can be identified). The same applies to all lots containing TWO coins (in the field of comments is stated the other coin, which was contained in the lot). For the period 1448-1730 will be included even further all lots containing THREE or more coins (in the field of comments the other coins in the lot will not be specified. Only the description "Lot" will be given and the state of conservation will be referred to as "VK" [:Varying Conservation] ).

 

For every single piece offered the Dansk-Norsk Myntpris-Årbok 1999/2000 will give the following information:

 

a) identification of the auction: auction house + date of auction

b) lot number

c) identification of the coin: Year + mark of value

d) reference number of the coin: Galster/Hede/UBJ

e) state of conservation for the given coin

f) estimated value

g) hammer price

h) comment from the auction house, if any

 

The above mentioned principles of information will be followed whenever possible.

 

...............................................

 

Dansk-Norsk Myntpris-Årbok 1999/2000

 

The yearbook is size A5 and bound in hard cover including 266 pages of 10.000 hammer prices plus an extra section of [54] pages of advertisements by auction houses and dealers the world over.


Foreword#4: Swedish-Finnish Coin Price Yearbook 1997/98

Foreword#5: Swedish Coin Price Yearbook 1995/96

Foreword#6: Scandinavian Coin Price Yearbook 1999/2000

 

Preface

 

A record of prices realized at public auctions will primarily be of monetary interest to collectors, dealers and others.

 

One important fact should be noted: a price realized at auction is not necessarily the correct ´market value´ . A number of factors influence auction prices: were there no bidders on the day, were there two ´fanatic´ bidders competing, were people prevented from attending due to the weather or the football match, or did absolutely every dealer and collector attend because of the importance of the material offered, was the coin mis-identified or wrongly graded, etc. etc.

 

´Market value´ is an arbitrary amount only valid at one place at one time; after that it is out of date. Like condition grading it is subjective, within certain limits. "Valuation guides", perhaps arrived at without the benefit of the market overview supplied by the Coin Price Yearbook, are even more subjective.

 

The listing of prices realized at public auctions is a valuable source of information.

 

The market overview the Coin Price Yearbook gives may reveal that a coin regarded as common rarely appears on the market, or conversely that a coin believed to be rare in fact turns up quite frequently.

 

A second and important value of such a listing is as a source for specialist collectors, writers and researchers. It shows clearly which and how many specimens appear on the market. Details of weights, varieties according to catalogue reference numbers and illustrations are of particular interest to these users, and it would be valuable for them if all auction houses supplied these details.

 

Not every coin type is sold every year. There are many extremely rare coins which are only offered for public sale once in 5, 10, 20, 30, 50 or even more years !

 

A long sequence of Coin Price Yearbooks will thus be of immense value to those with a commercial interest as well as to academic researchers. Much information will be readily available here, making time-consuming consultation of many different catalogues unnecessary.

 

So, keep this edition of the Coin Price Yearbook. It will still be of value in ten years´ time.

 

 

The prices in this book represent a historical review of what the market prices were in the years included. It will not tell you what the market price is today, or predict what they may be in the future.

 

If the reader still wishes to read the guaranteed prediction of the development of market prices after the publication of this volume, the only action required will be to buy the next edition in two years’ time !

 


 

Arrangements of the listings

 

Collectors have, over the centuries, used different systems to categorise and arrange coin listings. Some of the methods are given here:

 

1) according to the catalogue by Brenner "Thesaurus nummorum Sueo-Gothicorum" (1731)

 

2) according to the catalogue by Berch "Beskrifning öfwer Svenska Mynt och Kongl. Skåde-Penningar" (1773)

 

3) according to the catalogue by Oldenburg "Beskrifning öfver J.F.H.Oldenburgs samling af svenska .... mynt" (1883)

 

4) according to the catalogue by Holmberg "Mynt af guld, silfver och koppar präglade i Sverige .... " (1894)

 

5) according to the cat. by Bruun "Sammlung des Herrn L.E.Bruun in Kop. Sammlung Schwedische Münzen" (1914)

 

6) according to the catalogue by Glück & Hesselblad "Årtalsförteckning över svenska mynt 1521-1950" (1953)

 

7) according to the catalogue by Tingström "Svensk numismatisk uppslagsbok. Mynt i ord och bild 1521-1962" (1963)

 

8) according to the cat. by Ahlström, Almer, Hemmingsson"Sveriges mynt 1521-1577. The coinage of Sweden" (1976)

 

9) according to the cat. by Ahlström, Almer, Jonsson "Sveriges besittningsmynt. Coins of the Swedish possessions" (1980)

 

10) according to the catalogue by Hamrin & Hyllengren "Svensk myntförteckning. Del 1. Bern.-dyn.1818-1988" (1988)

 

11) in order of denomination beginning with the highest

 

12) in order of denomination beginning with the lowest

 

13) according to mint

 

14) according to region of use

 

15) according to metal

 

16) or according to other systems or a combination of some of the above

 

Whichever method chosen will find favour with some whilst others will find it unsatisfactory.

A combination of arrangements has been used in this Coin Price Yearbook. Sweden are arranged according to method 8) , possession coins according to 9).


 

Information included in the Coin Price Yearbook

 

Generally:

The Yearbook quotes the information as given in the auction catalogues. Some errors may occur. There may be identification errors or misprints in the auction catalogues, and the Yearbook itself cannot be guaranteed error-free. The details in the Yearbook are recorded on the basis of the SM-/SB- catalogue reference number given by the auction house, so any error in this number will most likely be transferred to the Yearbook.

 

If there are varieties of a type, for instance SM80a, SM80b, SM80c, SM80d, and the auction catalogues states only the main type SM80, then the coin will appear in the Yearbook as the first variety, in this example SM80a.

 

Auktkode:

Identifies the auction house. Also gives the date of the auction and the lot number.

 

F:

Denotes photographic illustration in the auction catalogue of the coin in question.

 

Upplaga:

Mintage.

 

Typ:

Type as in SM/SB.

 

Myntort:

Mint.

 

Kommentar:

Gives the comments of the auction house. Rarity ratings are those given by the auctioneer. The Danish/Norwegian and Swedish definitions of R-ratings differ. In the main the ratings given reflect the information in the SM/SB catalogues. Remarks of the editor are restricted to [Printers error: ..... ] , [Quoted as: ..... ] or [Identification error: ..... ] .

 

Vikt:

Weight is quoted where given by the auctioneer.

 

Kvalitet:

The auctioneer´s condition grading. Note that this is subjective and varies from firm to firm.

 

Min./Värd.:

Stated minimum or estimated prices. If a range is given (e.g. 10,000-15,000) the higher figure is quoted (15,000).

All amounts are converted to SEK/FIM at the exchange rate of the day. Converted amounts are marked with an asterisk * . A table of exchange rates at the various dates is given at the front of the Yearbook.

 

Klubbslag:

Hammer price at the auction. In addition a buyer´s commission will be payable to the auctioneer, and in some cases tax is payable to the state. A table of commission rates and tax rates is given at the front of the Yearbook.

Prices are converted to a single currency (:SEK/FIM in this Yearbook) to facilitate comparison. Converted amounts are marked with an asterisk * . A table of exchange rates at the various dates is given at the front of the Yearbook.

The prices are quoted from the auctioneers´ printed lists of prices realized. These may vary according to what present bidders felt they experienced in the auction room, for instance in the case that a coin at first not sold later were cried out once again. For some very recent sales where no price lists are yet available, prices noted by an observer at the sale have been included.

 

Klubbslag+standard köparprovision:

Hammer price + standard buyer's premium. The total buyer's price can be used to compare with prices in catalogues or other market price indications. Note that the buyer does not necessarily pay a standard commission.


 

General guide to

what a coin price yearbook is,

and what it IS NOT

 

The defining rules for the coin price yearbook will be found in the foreword. This guide explains in a little more detail the general principles behind the yearbook.

 

The coin price yearbook is an INDEX of what has appeared in a large number of auction catalogues, and is basically NOTHING MORE than an index

 

It follows from this that any errors in catalogues references, grading or even identification will be copied directly from the auction catalogues to the yearbook.

 

There has been no systematic attempt to identify or correct any of these errors. The task would be impossible.

Any errors discovered by chance during the compilation of this yearbook have been noted, but we repeat, no systematic attempt has been made to find and correct such errors.

 

The yearbook has no illustrations, as it is only an index. In some cases publishers of coin price yearbooks give references to illustrations in the auction catalogues.

 

One of the main reasons for publication of the yearbook is price comparison. In order to compare prices it is necessary to convert prices to one currency in the case of auctions taking place in different countries.

 

A coin price yearbook includes only auctions in what is defined as the ‘home market’.

As an example, the old and established Deutsches Münzpreis-Jahrbuch only covers auctions held within what was the old German Empire (around the 35 most influential auction houses in Germany, Austria, Switzerland and Poland). This book does not include German coins sold in USA or the rest of the world.

 

As a second example, the likewise old and established Auction prices realised. U.S. coins. Auction results only covers auctions held within America (around the 15 most influential auction houses in USA). This book does not include American coins sold in Germany or the rest of the world.

 

As a third example, the new Dansk-Norsk Myntpris-Årbok 1995/96 only covers auctions held within Scandinavia (though the new Svenska Myntpris-Årsboken 1995/96, exceptionally, includes one Swiss auction).

 

For antique coins the ‘home market’ is defined as the ‘world market’.

 

Occasionally a foreign auction has a significant Swedish content and will be included as an exception to the general rule (e.g. Münzen & Medaillen AG auction 80 which was a significant sale of Swedish coins).

 

Note particularly that coins of Swedish possessions sold through German auctions are included in Deutsches Münzpreis-Jahrbuch and will thus not be included in Svenska Myntpris-Årsboken.

 

Likewise coins of Swedish possessions sold at Scandinavian auctions are not included in Deutsches Münzpreis-Jahrbuch (with the exception of one Swedish auction in the 1995 edition).

 

Finally - Thank you everybody for your interest in the book, and your desire to discuss its present and future form.

 

The editor

 


..... Look up for yourself what the market pays for your coins .....

 

Svensk-Finska Myntpris-Årsboken 1997/98

 

Release information

 

German coin collectors have been able to consult Deutsches Münzpreis-Jahrbuch (1. edition 1976) for market prices for more than 20 years. These yearbooks of German coins have been published by Tyra Gräfin Klenau, O.P.Wentzlaff and at the latest by Kazimir Wonsik (1995: price DEM 185), and contains in every yearbook thousands of auction prices realized from the auctioneers hammer in German / Swiss / Austrian / Polish / Swedish auctions.

 

Collectors of Scandinavian coins now will have the same opportunity in the new book

Svensk-Finska Myntpris-Årsboken 1997/98.

[:Swedish-Finnish Coin Price Yearbook 1997/98] [:Schwedisch-Finnisches Münzpreis-Jahrbuch 1997/98].

...............................................

 

The following areas will be included in the Svensk-Finska Myntpris-Årsboken 1997/98:

 

Coins from Sweden 1521-1997, Saint Bartholomew 1784-1878, possession coins from: Reval, Narva, Riga, Livonia, Elbing, Thorn, Pommerania, Stralsund, Wolgast, Wismar, Bremen & Verden, Stade, Southern and Middle Germany, Augsburg, Erfurt, Fürth, Mainz, Nuremberg, Osnabrück, Würzburg 1561-1721-1815-1903, Finland 1864-1997.

[In principle this means all coins included in Ahlström/Almer/Hemmingsson´s corpus "Sveriges mynt 1521-1977" (Stockholm 1976) and Ahlström/Almer/Jonsson´s corpus "Sveriges besittningsmynt / Die Münzen der schwedischen Besitzungen / Coins of the Swedish possessions" (Stockholm 1980)]

 

 

The 9.000 hammer prices realized, were for coins sold through these 46 public auctions held during 1996 and 1997:

 

Ahlström 53-54-55-56  Myntgalleriet, Oslo 1
Antikören 18-19-20  Nellemann & Thomsen 698-708-714-724
Bruun Rasmussen 621-626-632-639  Oslo Mynthandel 37-38-39-40
Holmasto 54-55-56-57-58-59-60-61-62-63 Riibe 15-16
Hornung 40-41-42 Swiss Bank Corporation 43
IK Mønter 29-30-31-32  Tonkin 7-8
Kunsthallen 467-475  Wallin 15-16-17

 

 

All coins offered as SINGLE-objects will be included for the complete period 1521-1997 (as far as they can be identified). The same applies to all lots containing TWO coins (in the field of comments is stated the other coin, which was contained in the lot). For the period 1521-1720 will be included even further all lots containing THREE or more coins (in the field of comments the other coins in the lot will not be specified. Only the description "Lot" will be given and the state of conservation will be referred to as "VK" [:Varying Conservation] ).

 

For every single piece offered the Svensk-Finska Myntpris-Årsboken 1997/98 will give the following information:

 

a) identification of the auction: auction house + date of auction

b) lot number

c) identification of the coin: Year + mark of value

d) reference number of the coin: SM/SB

e) state of conservation for the given coin

f) estimated value

g) hammer price

h) comment from the auction house, if any

 

The above mentioned principles of information will be followed whenever possible.

 

...............................................

 

Svensk-Finska Myntpris-Årsboken 1997/98

 

The yearbook is size A5 and bound in hard cover including 307 pages of 9.000 hammer prices plus an extra section of [44] pages of advertisements by auction houses and dealers the world over.


Foreword#7: Scandinavian Banknote Price Yearbook 1997

 

Preface

 

A record of prices realized at public auctions will primarily be of monetary interest to collectors, dealers and others.

 

One important fact should be noted: a price realized at auction is not necessarily the correct "market value" . A number of factors influence auction prices: were there no bidders on the day, were there two ´fanatic´ bidders competing, were people prevented from attending due to the weather or the football match, or did absolutely every dealer and collector attend because of the importance of the material offered, was the banknote mis-identified or wrongly graded, etc. etc.

 

"Market value" is an arbitrary amount only valid at one place at one time; after that it is out of date. Like condition grading it is subjective, within certain limits. "Valuation guides", perhaps arrived at without the benefit of the market overview supplied by the Banknote Price Yearbook, are even more subjective.

 

The listing of prices realized at public auctions is a valuable source of information.

 

The market overview the Banknote Price Yearbook gives may reveal that a banknote regarded as common rarely appears on the market, or conversely that a banknote believed to be rare in fact turns up quite frequently.

 

A second and important value of such a listing is as a source for specialist collectors, writers and researchers. It shows clearly which and how many specimens appear on the market. Details of serial number, varieties according to the catalogue reference numbers and illustrations are of particular interest to these users, and it would be valuable for them if all auction houses supplied these details.

 

Not every banknote type is sold every year. There are many extremely rare banknotes which are only offered for public sale once in 5, 10, 20, 30, 50 or even more years !

 

A long sequence of Banknote Price Yearbooks will thus be of immense value to those with a commercial interest as well as to academic researchers. Much information will be readily available here, making time-consuming consultation of many different catalogues unnecessary.

 

So, keep this edition of the Banknote Price Yearbook. It will still be of value in ten years´ time.

 

 

The prices in this book represent a historical review of what the market prices were in the years included. It will not tell you what the market price is today, or predict what they may be in the future.

 

If the reader still wishes to read the guaranteed prediction of the development of market prices after the publication of this volume, the only action required will be to buy the next edition in two years’ time !

 


 

Arrangements of the listings

 

Collectors have, over the years, used different systems to categorise and arrange banknote listings.

 

Whichever method chosen will find favour with some whilst others will find it unsatisfactory.

 

A combination of arrangements has been used in this Yearbook; these are listed in the index at page 23.

 

 


 

Information included in the Banknote Price Yearbook

 

Generally:

The Yearbook quotes the information as given in the auction catalogues. Some errors may occur. There may be identification errors or misprints in the auction catalogues, and the Yearbook itself cannot be guaranteed error-free. The details in the Yearbook are recorded on the basis of the Sieg/Pick/SS/Holmasto catalogue reference number given by the auction house, so any error in this number will most likely be transferred to the Yearbook.

 

If there are varieties of a type, for instance P80A, P80B, P80C, and the auction catalogues states only the main type P80, then the banknote will appear in the Yearbook as the first variety, in this example P80A.

 

Auktkode:

Identifies the auction house. Also gives the date of the auction and the lot number.

 

F:

Denotes photographic illustration in the auction catalogue of the banknote in question.

 

Oplag:

Printing run.

 

Løbeno.:

Serial no. are quoted where given.

 

Kommentar:

Gives the comments of the auction house. Rarity ratings are those given by the auctioneer. The Danish/Norwegian and Swedish definitions of R-ratings differ.

Remarks of the editor are restricted to [Printers error: ..... ] , [Quoted as: ..... ] or [Identification error: ..... ] .

 

Kvalitet:

The auctioneer´s condition grading. Note that this is subjective and varies from firm to firm.

 

Min./Vurd.:

Stated minimum or estimated prices. If a range is given (e.g. 10,000-15,000) the higher figure is quoted (15,000).

All amounts are converted to DKK/NOK/SEK/FIM at the exchange rate of the day. Converted amounts are marked with an asterisk * . A table of exchange rates at the various dates is given at the front of the Yearbook.

 

Hammerslag:

Hammer price at the auction. In addition a buyer´s commission will be payable to the auctioneer, and in some cases tax is payable to the state. A table of commission rates and tax rates is given at the front of the Yearbook.

Prices are converted to a single currency (:DKK/NOK/SEK/FIM in this Yearbook) to facilitate comparison. Converted amounts are marked with an asterisk * . A table of exchange rates at the various dates is given at the front of the Yearbook.

The prices are quoted from the auctioneers´ printed lists of prices realized. These may vary according to what present bidders felt they experienced in the auction room, for instance in the case that a banknote at first not sold later were cried out once again.


 

General guide to

what a banknote price yearbook is,

and what it IS NOT

 

The defining rules for the banknote price yearbook will be found in the foreword. This guide explains in a little more detail the general principles behind the yearbook.

 

The banknote price yearbook is an INDEX of what has appeared in a large number of auction catalogues, and is basically NOTHING MORE than an index

 

It follows from this that any errors in catalogues references, grading or even identification will be copied directly from the auction catalogues to the yearbook.

 

There has been no systematic attempt to identify or correct any of these errors. The task would be impossible.

Any errors discovered by chance during the compilation of this yearbook have been noted, but we repeat, no systematic attempt has been made to find and correct such errors.

 

The yearbook has no illustrations, as it is only an index. In some cases publishers of banknote price yearbooks give references to illustrations in the auction catalogues.

 

One of the main reasons for publication of the yearbook is price comparison. In order to compare prices it is necessary to convert prices to one currency in the case of auctions taking place in different countries.

 

A banknote price yearbook includes only auctions in what is defined as the ‘home market’.

As an example, the old and established Deutsches Münzpreis-Jahrbuch only covers auctions held within what was the old German Empire (around the 35 most influential auction houses in Germany, Austria, Switzerland and Poland). This book does not include German coins sold in USA or the rest of the world.

 

As a second example, the likewise old and established Auction prices realised. U.S. coins. Auction results only covers auctions held within America (around the 15 most influential auction houses in USA). This book does not include American coins sold in Germany or the rest of the world.

 

As a third example, the new Dansk-Norsk Myntpris-Årbok 1995/96 only covers auctions held within Scandinavia (though the new Svenska Myntpris-Årsboken 1995/96, exceptionally, includes one Swiss auction).

 

Occasionally a foreign auction has a significant Danish/Norwegian/Swedish content and will be included as an exception to the general rule (e.g. SBCO/Spink auction 14.05.1990 which was a significant sale of Swedish banknotes).

 

Finally - Thank you everybody for your interest in the book, and your desire to discuss its present and future form.

 

The editor

 


..... Look up for yourself what the market pays for your banknotes .....

 

Nordic Banknote Price Yearbook 1997

 

Release information

 

German coin collectors have been able to consult Deutsches Münzpreis-Jahrbuch (1. edition 1976) for market prices for more than 20 years. These yearbooks of German coins have been published by Tyra Gräfin Klenau, O.P.Wentzlaff and at the latest by Kazimir Wonsik (1995: price DEM 185), and contains in every yearbook about 30.000 auction prices realized from the auctioneers hammer in German / Swiss / Austrian / Polish / Swedish auctions.

 

Collectors of Nordic banknotes now will have the same opportunity in the new book

Nordisk Seddelpris-Årbok 1997.

...............................................

 

The following areas will be included in the Nordisk Seddelpris-Årbok 1997:

 

Banknotes from Denmark, Military notes, Jutlandia, Creditbanks, S.O.S. Kasse, J.A.K., Municipal emergency notes, Private Notes, Danish West Indies, Schleswig-Holstein, Faeroe Islands, Greenland, Iceland, Norway, Emergency notes, Creditmarks, Private Notes, Svalbard, Bjørnøen, Sweden, Private Banks, Finland - from 1657 to present day.

 

The 7.000 hammer prices realized, were for banknotes sold through these 178 public auctions held during 1990-1996:

 

Ahlström 41 - 42 - 43 - 44 - 45 - 46 - 47 - 48 - 49 - 50 - 51 - 52 - 52A - 53 - 54 Mynthuset 1 - 2 - 3 - 4
Antikören 9 - 9A - 10 - 11 - 12 - 13 - 14 - 15 - 16 - 17 - 18 - 19 Nellemann & Thomsen 593 - 605 - 612 - 626 - 634 - 644 - 650 - 660 - 666 - 676 - 682 - 692 - 698 - 708
Bruun Rasmussen 535 - 546 - 554 - 555 - 564 - 565 - 572 - 572A - 578 - 585 - 592 - 599 - 603 - 604 - 611 - 616 - 621 - 626 Oslo Mynthandel 24 - 25 - 26 - 27 - 28 - 29 - 30 - 31 - 32 - 33 - 34 - 35 - 36 - 37 - 38
Hirsch 39 Riibe 9 - 10 - 11 - 12 - 13 - 14 - 15
Holmasto 28 - 29 - 30 - 31 - 32 - 33 - 34 - 35 - 36 - 37 - 38 - 39 - 40 - 41 - 42 - 43 - 44 - 45 - 46 - 47 - 48 - 49 - 50 - 51 - 52 - 53 - 54 - 55 - 56 - 57 - 58 - 59 Swiss Bank Corp. 14.05.90
Hornung 32 - 33 - 34 - 35 - 36 - 37 - 38 - 39 - 40 - 41 - 42 Sotheby 04.10.90 - 08.10.92 - 06.10.94
IK Mønter 18 - 19 - 20 - 21 - 22 - 23 - 24 - 25 - 26 - 27 - 28 - 29 - 30 Stockh.Auktionsverk 90-1 / 90-2 / 90-3 / 91-1 / 91-2 / 92-1 / 92-2 / 93-1 / 93-2
Kunsthallen 386 - 396 - 407 - 419 - 434 - 444 - 460 - 467 - 475 Tonkin 1 - 2 - 3 - 4 - 5 - 6 - 7
Myntgalleriet as 1 Wallin 15 - 16 - 17
Myntgalleriet AB 1 - 2 - 3  

 

 

All banknotes offered as SINGLE-objects will be included for the complete period 1657-1996 (as far as they can be identified). All lots containing TWO or more banknotes mostly are excluded.

For every single piece offered the Nordisk Seddelpris-Årbok 1997 will give the following information:

 

 

The above mentioned principles of information will be followed whenever possible.

 

...............................................

 

Nordisk Seddelpris-Årbok 1997

 

The yearbook is size A5 (148 mm width, 210 mm height) and bound in hard cover. More than 200 pages of 7.000 hammer prices and an extra [48] pages of advertisements by auction houses and dealers the world over.


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