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EM13533

France, Louis XIV 1701-S Louis d'or aux 8 L MS62

France, Louis XIV (1643-1715), gold Louis d'Or "aux huit L et aux insignes", 1701-S, Reims mint, LVD. XIII. D G FR. ET. NAV. REX., old laureate bust right with short hair, date below, rev. CHRS REGN VINC IMP, four cruciform crowned double L's over crossed insignia, mint mark S at centre (Gad. 253; Fr. 436). Lightly toned with original mint lustre, obverse and reverse showings signs of overstriking from an earlier type, in NGC holder MS62 and the only graded specimen.

NGC certification 4929620-007.

Fighting in the War of the Spanish Succession had significantly weakened the French finances and Louis XIV ordered four consecutive monetary reforms between 1690 and 1705. The new types of Louis d'Or were directly struck over previous types without going through the melting process; with an official weight of 6.751g and a value of 14 Livres Tournois these specimens were clearly identifiable with the undertypes and the trefoil at the end of the reverse legend (Decree of 22 September 1701).

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