Gold Irish pistole coin to lead September 15 sale

An Irish gold pistole coin issued by the Duke of Ormonde in the 17th century will cross the block at Dix Noonan Webb on September 15.

It's valued at £80,000-100,000 ($123,070-153,815).

Irish gold coin
The coin was issued as an emergency currency

The lot forms part of the collection of Theo Bullmore, a numismatist and managing director at financial services house KPMG.  

The duke (1610-1688), who served as lord lieutenant of Ireland, issued the coins during the Great Rebellion of 1642-1649.

The emergency currency was used to pay British troops garrisoned at Dublin, who brutally put down the rebels.

Will Bennett of Dix Noonan Webb told the Irish Post: "This is one of the great rarities of Irish coinage.

"This example is only of two known Ormonde pistoles which are available to the market.

"It also recalls a turbulent time in the country's history when the authorities found themselves short of currency and had to resort to unorthodox methods to find a solution."

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