Prices soar for coin collections in Monaco

Prices soar for coin collections in Monaco
This Thursday was an auction of numismatic collections organized by MDC Monaco. A record event, with some coins going for more than 100,000 euros

The room was full in the morning at the Hotel Métropole in Monaco for the numismatic sale of the house MDC Monaco, hosted by the young expert Nicolas Gimbert. It must be said that there were parts from all over the world, some of which were simply exceptional.

In all, there were more than 7 million euros worth of coins for sale, out of 1,167 references. A rich catalogue, which covered all regions of the world. France, of course, the countries of Europe, but also China, Ethiopia – with coins bearing the effigy of King Menelik II -, Congo – with an aluminium elephant token from 1925 -, Colombia, Australia, Iran, India, Madagascar. Not a single continent was missing.

MONACO COLLECTOR’S LAND

Among these exceptional pieces, a Sicilian silver statery, dated between -520 and -490, decorated with a parsley leaf, priced at 500 euros, sold for 2,200 euros.

In the morning, a 1871 ESP 100 coin bearing the image of Amadeo-1er was auctioned in a matter of seconds at €100,000. A few minutes later, a Merovingian coin representing King Dagobert-1st left at 14,000 euros at lightning speed.

This is an opportunity to question this sovereign who is, quite rightly, the one who set up the system of currency regulation in the kingdom of the Franks.

Among all the treasures present, one piece attracted attention. With a face value of 5 francs, dated 1837, this Monegasque silver coin bears the effigy of Honoré-V. “It has a very beautiful patina, a magnificent colour, the engraving is splendid. It is practically in new condition. Monaco has had many collectors, some of whom are sovereign princes, we are told. What makes this piece special is its patina. It is this colour that metal has acquired over time.”

Because you should never clean a coin. Never. We must let time do its job. This allows the currency to appreciate on the market.

AN UNDENIABLE CHARM ASSET

A market that has been flourishing for several years, attracting younger and younger enthusiasts. In the room, many of them were not even thirty years old. Because money is a safe haven. An element on which we like to invest when markets become capricious and the risks are too high. “Prices are constantly rising,” says Claude Burgan, a numismatist expert in Paris, in Le Parisien. “In ten years, the number of very good currencies has increased tenfold, due to strong international demand.”

An eavesdropper in the room will have noticed that the value of investments is not the only factor of interest for these precious objects. Their symbolic value as a witness to history is undoubtedly an irresistible attraction.