

Gold medal in the weight of 50 ducats
commemorating the publication of the second volume
of Alexander von Humboldt’s *Kosmos*.
NGC MS 65 PL.
From the estate of Emperor William I.

Gold medal in the weight of 50 ducats commemorating
the unveiling of the equestrian statue of
Frederick the Great on Unter den Linden in Berlin in 1851.
NGC MS 63 PL.
From the estate of Emperor William I.

General’s Medal in the weight of 120 ducats, 1871,
commemorating the victory over France.
A magnificent specimen.
From the estate of Emperor William I.

1 1/2 rubles (10 zlotys), 1835, St. Petersburg.
NGC MS 64 (Top Pop).
Only 36 examples struck.
A cabinet piece from polished dies.
From the estate of King Frederick William IV.

5 ducats, 1681.
Struck with the dies of a guilder.
NGC PF 64 Cameo.
Proof.

5 ducats, 1634, Vienna.
Extremely rare.
Extremely fine-uncirculated.

Salvator Medal in the weight of 12 ducats,
n. d.(around 1840).
NGC PF 61 CAMEO.
Proof.

5 ducats, n. d. (1708–1710),
with the title of Joseph I. NGC MS 64.
Extremely rare. According to mint records,
only 7 copies struck.
A magnificent piece.
Archive: People and Markets
Leu Numismatik Sponsors the New Friedrich Imhoof-Blumer Fellowship in Winterthur
Leu Numismatik is supporting the new Friedrich Imhoof-Blumer Fellowship at the Coin Cabinet in Winterthur, which will be awarded for the first time in 2025. The fellowship, endowed with CHF 3,000, is aimed at early-career researchers working on a numismatic project. Application deadline: June 30, 2025.
From a Collector’s Market to an Investor’s Market: Reasons, Consequences, Opportunities, Part 2
Today we continue Ursula Kampmann’s analysis of the change from collector to investor market with the second part. Find out how the market for American coins became a perfect investor’s market.
Archive: Coins, Medals and more

Between Triumph and Tragedy – Maximilian II Emanuel, “The Prince of Bankrupts”
Maximilian II Emanuel of Bavaria, known as gifted general, an avid builder, and a passionate collector of art, led a turbulent life. Medals offered in Auction 18 of Leu Numismatik AG reflect both the heights and humiliations of Maximilian’s military campaigns in southern Germany.

The First Piece of Mail Sent Using a Stamp to Be Offered at Sotheby’s
A Penny Black affixed to a Mulready envelope is among the most valuable items in Philately ever offered at auction. The earliest posted envelope using a prepaid stamp, dating to 1840, will be sold at Sotheby’s with an estimate of $1.5–2.5 million.












The Brahekyrkan Coin Hoard – A Sensational Find on Visingsö
Swedish archaeologists made a spectacular discovery on the island of Visingsö. They found 170 coins from the mid-12th century in a grave, posing a number of questions.
The Last Coin of the Pobjoy Mint
With the end of November, the history of the Pobjoy Mint also comes to an end today. The mint’s final issue is a Pegasus with a special mintmark for Taya Pobjoy. There is also a gold version of the coin with a mintage of 1.