¼ Ecu - Louis XV

1720 year


Silver	3.739 g	22 mm

Description

Issuer	France
King	Louis XV (1715-1774)
Type	Standard circulation coin
Year	1720
Value	¼ Silver Ecu
Currency	Livre tournois (1204-1795)
Composition	Silver
Weight	3.739 g
Diameter	22 mm
Shape	Round
Technique	Milled
Orientation	Coin alignment ↑↓
Demonetized	Yes
Updated	2024-10-04

References

Numista	N#27846
Rarity index	87%

Reverse

Two Ls leaning under a crown, below A. Automatically translated

Script: Latin

Lettering: SIT NOMEN DOMINI BENEDICTUM 1720

Engraver: Norbert Roettiers

Edge

Corded. Automatically translated

Comment

The name "livre de la Compagnie des Indes" may be misleading: it was not in fact manufactured by the Company, but on its behalf, in return for an advance of £50 million to the Treasury, and was in no way intended for the colonies. The aim of LAW's system was to dethrone metallic coinage in favor of paper money. Only the Paris workshop, for technical reasons due to the refining of silver, was able to mint the new currency, but it was not as successful as had been hoped.Speculation in "Compagnie des Indes" securities and the bankruptcy of LAW and his system put an end to the "Compagnie des Indes" livre d'Argent, which was replaced by the "petit Louis" d'Argent in March 1720. Automatically translated

This is an automatic translation. The original text is:

L'appellation "livre de la Compagnie des Indes"peut induire en erreur : elle ne fut pas en effet fabriquée par elle mais pour son compte moyennant une avance de 50 millions de livres au Trésor et n'était nullement destinée aux colonies. Il s'agissait, dans le système de LAW, de détrôner la monnaie métallique au profit de la monnaie-papier. Seul l'atelier de Paris, pour des raisons techniques dues à l'affinage de l'argent, put frapper la nouvelle monnaie mais qui n'eut pas le succès escompté.La spéculation sur les titres de "la Compagnie des Indes" et la faillite de LAW et de son système mirent fin à la livre d'Argent dite de "la Compagnie des Indes" qui fut remplacée par le "petit Louis" d'Argent dès mars 1720.

Interesting fact

One interesting fact about the ¼ Ecu - Louis XV 1720 coin from France is that it was minted during the reign of King Louis XV, who was known as the "Benevolent King" for his efforts to improve the lives of his subjects. Despite his efforts, the coin was not widely accepted during his reign and was eventually demonetized. Today, it is a rare and valuable collector's item, with some mint conditions selling for thousands of dollars.

Price

Date	Mintage	VG	F	VF	XF	AU	UNC
1720 A	6918853	-	-	-	-	-	-

Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for ¼ Ecu - Louis XV 1720 coin.