augur

should have replied here: 20 Bolivares 

.

1oz Round sold to @SimplySilver

3oz Round still available 

#214

Thanks @JamesH for mentioning that: the 1oz hammered round No.38 warrants first right of refusal for the 2023 1oz round with a micro mintage. 

6 hours ago, Roy said:

Would you consider the crash, or the government's response to the crash, the real issue here?

Considering that this banking collapse is engineered: During the scamdemic/plandemic the reserve requirement has been lowered to 0%! US banks are now under water by at least $2 trillion if they had to sell assets due to the interest rate rise [source Best Evidence]. Add to that another $2 trillion RePo. 
In the past the FED would always inject liquidity into banks when raising rates rapidly but not so this time. 
 

Either Greg is right and it is big banks eating the little ones or this will become the incident to justify CBDC because only Central Banks have ‘unlimited’ reserves and cannot become insolvent. SWIFT was testing out its preparedness for implementation of digital currency this Monday…

3 hours ago, Britannia47 said:

Just found out what LMU stands for

3 hours ago, modofantasma said:

I only discovered this term a while after I'd bought my first few too

Well actually it’s the Union Latine (Monétaire) if you are francophone and in Italy they are called Marenghi. I eluded to this in a previous post and their definition is far broader and includes many modern issues that completely evade our attention. There is soon to be held a special auction just covering that topic:

https://auctions.nomismaweb.com/en/cat/94/75/marenghi-collection/1/

Put me down for one (#22) or more (#13/#14)

3 hours ago, CollectForFun said:

By the way, I see no reason why these coins shouldn't have been minted in Venice directly.

You are correct, they were minted in Venice. 
https://marenghi.collectorsonline.org/moneta/M-27/12

836 🙈 

RM Bullion Monkeys are already notorious for milk spots 😱

i can only hope this is an isolated case and cross infections can be avoided by flips and capsules 😂 

note to self: no monkeys in tubes anymore 

This might be boring for some but this 1871 100 Pesetas specimen just allowed me to understand the relationship between the LMU denominations and the metric system:

As it states in the legend: there are 31 pieces of 100 Franc (or here 100 Pesetas) in 1kg.

And indeed, if we divide 1,000g by 31 we get 32.2580g as stated on this 100 Bolívares or Pachano:

So if your aim is to stack/collect 100g of fine gold, you will need 310 Francs or equivalent. 

 

There are a few odd outliers like some of the 5 Peso in South America which are 25 Pesetas equivalent; the 2.5 Peso Argentino equates to 12.5 Pesetas or Francs. 

The 5 Roubles 1884-1896 and 1897 7.5 Roubles are 20 Francs; the 1897 15 Roubles corresponds to the 40 Franc pieces. 
 

1897 onward 5 Roubles are 2/3 of 20 Franc and 10 Roubles and modern Chervonets are 4/3 of 20 Francs so 30 Roubles equate to 80 Francs or quatre-vingt Francs.  

So the Soviet Union has been producing up to the 1980s as one of the last countries yearly several tons of LMU trade coinage. 

I found a nice Italian resource on Marenghis as to how they refer to LMU and other 20 Franc-sized coins. While there doesn’t appear to be a clear reference, the 20 Franc pieces of the Cisalpine Republic which were introduced by Napoleon after his victory over the Austrians at Marengi marked the introduction of this new coin format in Italy. Ever since it seems the Italians refer to these coins as “Marenghi”. Reminds me a bit of the story of the coining of the term “Americano” for watered-down Espressi.

This resource is in addition to the German resource @whuamai introduced and covers some later proof issues to similar spec that I wasn’t aware of. Since it is a little database, it also shows the different mints that used to coin 20 Franc pieces. (There are a few gaps e.g. 1879/80 20 Bolívares were minted in Brussels and 1886-88 in Caracas, which isn’t mentioned). 
 

https://marenghi.collectorsonline.org/cat/M-1?mylang=it

The translate buttons don’t seem to work in any language though.