The Salton Collection Part I, Ancient Greek Coins, Polish Coins, Russian Coins

18.3 MB·English

by  Stack's Bowers

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Ancient Greek Coins
Polish Coins
Russian Coins

JANUARY 16, 2022 • NEW YORK CITY
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Stack’s Bowers Galleries
Upcoming Auction Schedule

Coins and Currency
Date Auction Consignment Deadline

January 12, 2022 Collectors Choice Online Auction – U.S. Coins & Currency December 20, 2021
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January 14-19, 2022 Stack’s Bowers Galleries – Ancient Coins and World Coins & Banknotes visit StacksBowers.com
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February 2, 2022 Collectors Choice Online Auction – U.S. Coins & Currency January 10, 2022
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February 22-24, 2022 Collectors Choice Online Auction – Ancient & World Coins & Banknotes January 11, 2022
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T H E S A L T O N C O L L E C T I O N
P A R T I
Ancient Greek Coins
Polish Coins
Russian Coins

JANUARY 16, 2022
BARCLAY SALON
INTERCONTINENTAL BARCLAY HOTEL
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Page ii
The Mark & Lottie Salton Collection Part I
Featured in the January 2022 NYINC Auction
January 16, 2022 • 3:30 pm ET • Barclay Salon
Lot Viewing
Lot Viewing will be conducted in the Costa Mesa, CA offices (by appointment only): December 20-23, 2021
1550 Scenic Avenue, Suite 150, Costa Mesa, CA 92626
Lot Viewing will be conducted at the New York City offices (by appointment only): January 4-8, 2022
470 Park Avenue, New York, NY 10022
Lot Viewing will be conducted in the Vanderbilt Boardroom at the Intercontinental New York Barclay Hotel as follows:
Tuesday, January 11 Wednesday, January 12 Thursday, January 13 Friday, January 14 Saturday, January 15 Sunday, January 16
9:00 AM – 5:30 PM ET 9:00 AM – 5:30 PM ET 9:00 AM – 5:30 PM ET 9:00 AM – 5:30 PM ET 9:00 AM – 5:30 PM ET 9:00 AM – Noon ET
(by appointment only)
If you cannot view in person, we will have our professional numismatists on hand to answer questions via phone or email
about specific lots. Please email [email protected] to make arrangements.
Auction Location
Barclay Salon
Intercontinental New York Barclay Hotel
111 East 48th Street
New York, NY 10017
In person live bidding will be allowed in accordance with Covid-19 directives and local mandates at the time of the auction. Reservations required.
Auction Details
*Session A *Session B *Session C *Session D
World Coins Part 1 World Paper Money World Coins Part 2 Ancient Coins
Featuring Europe, Asia Saturday, January 15 Featuring Latin America and Saturday, January 15
and Oceania Coinage 9:30 AM ET Cut, Countermarked and 6:30 PM ET
Friday, January 14 Overstruck Coinage
6:30 PM ET Saturday, January 15
6:30 PM ET
Session E *Session F *Session G *Session H
The Mark & Lottie Salton The Gem Collection of Ancient Coins & World Coins World Coins Part 2
Collection of Ancient and British Military Medals Part 1 Internet Only
World Coins Griffin Studios Internet Only StacksBowers.com
Sunday, January 16 Costa Mesa, CA StacksBowers.com Wednesday, January 19
3:30 PM ET Monday, January 17 Tuesday, January 18 9:00 AM PT (12:00 PM ET)
Lots 4001-4437 9:00 AM PT (12:00 PM ET) 9:00 AM PT (12:00 PM ET)
*Session I *Session J *Session K
World Paper Money Part 1 World Coins Part 3 World Paper Money Part 2 * Please refer to our other
Internet Only Internet Only Internet Only January 2022 NYINC
StacksBowers.com StacksBowers.com StacksBowers.com auction catalogs for
Wednesday, January 19 Thursday, January 20 Thursday, January 20
offerings of Ancient Coins,
9:00 AM PT (12:00 PM ET) 9:00 AM PT (12:00 PM ET) 9:00 AM PT (12:00 PM ET)
World Coins and World
Lot Pickup Paper Money.
Lot Pickup will be conducted in the Vanderbilt Boardroom at the Intercontinental New York Barclay Hotel View the entire
on Saturday, January 15 and Sunday, January 16 from 9:00 AM to Noon ET. auction, including the
Lot pick-up for the Salton Collection only will be available by appointment on Monday, January 17 Internet-Only Sessions,
at the Stack’s Bowers Galleries 470 Park Avenue store from 9:00 AM to Noon ET.
at StacksBowers.com.
Dates, times and locations are subject to change.
Page iii
The Stack’s Bowers Galleries Team
California Office: 949.253.0916
Accounting
[email protected]
Jeff Ambio
Ext. 204 – [email protected]
Wayne Berkley
Ext. 225 – [email protected]
Jeremy Bostwick
Ext. 224 – [email protected]
Q. David Bowers Harvey Stack Lawrence R. Stack Greg Roberts
Jeremy Carlson Stack’s Bowers Galleries Stack’s Bowers Galleries Stack’s Bowers Galleries CEO
Ext. 233 – [email protected] Founder Founder Founder [email protected]
Chris Dahncke [email protected] [email protected] [email protected]
Ext. 217 – [email protected]
Monica De Alba
Ext. 309 – [email protected]
Keni Drake
Ext. 257 – [email protected]
Cassi East
Ext. 286 – [email protected]
Ron Gillio
[email protected]
Richard Gonzales Brian Kendrella Christine Karstedt Jason Carter Andrew Glassman
Ext. 219 – [email protected] President Executive Vice President Executive Vice President Chief Financial Officer
[email protected] [email protected] [email protected] [email protected]
Kyle Hoyt
Ext. 353 – [email protected] New York Office: 212.582.2580 Philadelphia Office: 267.609.1804
Sarah Jackels Andrew Bowers Bobby Avena
Ext. 296 – [email protected] Ext. 5522 – [email protected] Ext. 795 – [email protected]
Brian Kendrella James McCartney Mark Curcio
Ext. 291 – [email protected] Ext. 5455 – [email protected] Ext. 792 – [email protected]
Atefeh Madi Asha Ramcharan Chris Maisano
Ext. 346 – [email protected] Ext. 5491 – [email protected] Ext.793 – [email protected]
Aris Maragoudakis Mark Schimel
Ext. 279 – [email protected] Ext. 5515 – [email protected] Hong Kong Office: +011.852.2117.1191
Evan Lam
Eric Niño
Harvey Stack [email protected]
Ext. 338 – ENiñ[email protected]
[email protected]
Benjamin Orooji Nirat Lertchitvikul
Ext. 295 – [email protected] Larry Stack [email protected]
[email protected]
Matt Orsini Ping Lertchitvikul
Ext. 214 – [email protected] Kevin Vinton [email protected]
Ext. 5513 – [email protected]
Chris Ortega Crystal Ng
Ext. 248 – [email protected] Vicken Yegparian [email protected]
Ext. 5459 – [email protected]
John Pack Christine Pun
Ext. 258 – [email protected] New Hampshire Office: 603.569.0823 [email protected]
Kyle Ponterio Q. David Bowers Zhou Shou Yuan
Ext. 212 – [email protected] [email protected] [email protected]
Richard Ponterio Christine Karstedt Singapore:
Ext. 290 – [email protected] Ext. 361 – [email protected]
Frederick Yow
Steve Price Melissa Karstedt [email protected]
Ext. 260 – [email protected] Ext. 362 – [email protected]
Paris: +33.6.14.32.3177
Lillian Ross Oklahoma Office: 800.817.2646
Ext. 321 – [email protected] Maryna Synytsya
Jason Carter
[email protected]
Jonathan Segal Ext. 631 – [email protected]
Ext. 227 – [email protected] Other Offices
John Morgan
Larry Stendebach Ext. 632 – [email protected] Samantha Douglas
Ext. 245 – [email protected] Ext. 5519 – [email protected]
Daniel Mitchell
David Talk Ext. 633 – [email protected] Henrik Holt Christensen
Ext. 323 – [email protected] Jake Auernhammer [email protected]
Kent Tran Ext. 634 – [email protected] Ben Mahaffey
Ext. 221 – [email protected]
[email protected]
Consultants
Peter Treglia
Manning Garrett, John Kraljevich, Mike Ontko,
Ext. 250 – [email protected]
Steve Tureen, Brad Yonaka
Erin Whitson
Ext. 235 – [email protected] Cataloged by: Matt Orsini, Jeremy Bostwick, and Nicholas Fritz.
Erin Zirschky With appreciation to Dr. Ute Wartenberg Kagan and Aadya Bedi for their contributions to the
Ext. 264 – [email protected] provenance research for the Ancient Greek Coinage.
Photography: Images courtesy of NGC. Additional images by Karen Bridges, Anthony Browning,
Page iv Renee Ferguson, Jeremy Katz, Charlie Pech, Kristy Still, Keven Tran and Nicholas Weyand.
The Stack’s Bowers Galleries Team
California Office
Richard Ponterio John Pack Peter A. Treglia Matt Orsini Ron Gillio Wayne Berkley
Executive Vice President Executive Director Director of Currency Director of World & Numismatic Acquisitions Vice President
[email protected] of Consignments [email protected] Ancient Numismatics Coordinator of Client Services
[email protected] [email protected] [email protected] [email protected]
Jeff Ambio Aris Maragoudakis Kyle Ponterio Ben Orooji Chris Ortega Steve Price
Vice President Director of World Senior Numismatist, Senior Numismatist, Numismatist, Director of Numismatic
of Numismatics Currency Auctions Consignment Director Auctioneer Lead Auctioneer Business Development
[email protected] [email protected] [email protected] [email protected] [email protected] [email protected]
East Coast Offices
Vicken Yegparian Mark Schimel James McCartney Andrew Bowers Bobby Avena Kevin Vinton
Vice President East Coast Retail Director Director of Consignments East Coast Sales Manager Head Numismatic Trader Senior Numismatist
of Numismatics [email protected] and Numismatics [email protected] [email protected] [email protected]
[email protected] [email protected]
Asian Offices
Nirat Lertchitvikul Ping Lertchitvikul Crystal Ng Christine Pun Frederick Yow Zhou Shou Yuan
Director of Asian Operations Operations Manager Senior Auction Executive Auction Executive Consignment Director Executive Consignment
[email protected] [email protected] [email protected] [email protected] Southeast Asia Director, China
[email protected] [email protected]
Additional Expertise
Melissa Karstedt John Kraljevich Jeremy Bostwick Maryna Synytsya Henrik Holt Christensen Larry Stendebach
Auctioneer, Senior Consultant Senior Numismatist Manager of European Senior Consignment Numismatist
Auction Director [email protected] and Cataloger Operations Director of Europe [email protected]
[email protected] [email protected] [email protected] [email protected]
Page v
Mark & Lottie Salton and Their Collection
Foreword by Harvey G. Stack
Over the years I have shared many stories of my family
and their decades as leaders in the rare coin business. In
1933, Joseph and Morton opened a shop on 6th Avenue and
23rd Street, creating what became one of the most successful
and influential numismatic firms of all time. Prior to World
War II, catalogs and price lists were studied by the two
brothers and this, along with interacting with some of the
most famous numismatists of the time, provided them a
perfect numismatic education.
Just five years earlier, in 1928, Felix Schlessinger started
his own numismatic and banking business in Berlin,
Germany, a thriving enterprise that was joined by Felix’s
son Max. Looking to escape anti-Jewish sentiment in the
Lottie and Mark Salton in 2001
1930s, Felix moved his family and business to Amsterdam.
There he continued this popular business until 1943
The Stack family continued their legacy of numismatic
when the Germans invaded the Netherlands’, attacked the
expertise in New York City when I joined the firm in 1947.
residents, and began confiscating their belongings. Max
After the war, Stack’s became a haven for many of the
went underground, resisting the occupiers, and relocated
numismatic dealers and collectors who came to New York
to Portugal where he worked with the Free Dutch Forces.
and other eastern cities. Among these was Mark Salton,
After the war, he moved to the United States where he
and we began a friendship that would last into the 21st
took the name Mark Salton. He earned a master’s degree
century.
in international banking at New York University, attained
In 1948, Mark met and married Lottie Aronstein, who
an executive post at Manufacturers Hanover Trust and
had also fled the Nazis as a teenager. They shared the
established himself as a part-time coin dealer under the
excitement of building significant, historical collections for
name of Mark M. Salton-Schlessinger.
decades. They also shared a mission to educate museums,
libraries, and collectors about numismatics. Mark remained
a full time banker, but he was passionate about building
his collection, which included great studies of the ancient
Greek and Roman series and classic European coins. He
traveled with Lottie worldwide to collect and learn about
the series he wanted to own, and Lottie became a superb
numismatist in her own right. When they were in New
York, they were frequent visitors at Stack’s Rare Coins, and
the friendship between the Saltons and the Stack family
continued to grow.
My son, Larry, joined the firm in 1973 adding another
generation to manage the Stack’s family business. As the
years went by, Larry and I often met with the Saltons at
Felix and Hedwig Schlessinger
Page vi
special lectures at the American Numismatic Society and valuations for these incredible donations with our
annual meetings and dinners, as well as at conventions compliments. To show their gratitude, Lottie would stop by
and shows we attended. It truly felt like a “family get with rare bottles of wine for each of us. Over the years we
together” and every gathering was enjoyed by all. Larry remained close friends and I will always cherish the time
was very fortunate to have many numismatic “fathers we spent together as warm family friends and numismatic
and grandfathers” in the business/hobby with Mark being colleagues.
one of the most prominent. Larry modeled his fabulous It is with great pleasure and respect to our dear friends
Renaissance Collection after studying the exhibit the the Saltons that we showcase their collections in a series
Saltons had on loan to Bowdoin College in Maine. Mark of catalogs in conjunction with our European partners
provided Larry with personal guidance and expertise until Künker. These presentations will be a lasting tribute to
Mark passed away. We often shared our enthusiasm for the Mark and Lottie Salton, their incredible lives, and their
ANS and its efforts. Mark and Lottie always wanted to help unwavering dedication to the numismatic hobby.
institutions to catalog and display their collections so that
viewers would have a better understanding of the coins and
their history.
Almost every year, Mark and Lottie would make a
charitable donation to some museum or institution  to Harvey G. Stack
further educate those interested in medieval and ancient Founder
coins. Stack’s was pleased to provide the documentation Stack's Bowers Galleries
Page vii
The Mark & Lottie Salton Collection
Mark and Lottie Salton have been well known in Bowers Galleries in the United States and by Künker in
American numismatic circles since the 1950s—they were Germany, a powerful auction duo chosen by Mark and
active collectors and dealers as well as benefactors of Lottie themselves.
numismatic and other educational institutions. Though Mark passed away in 2005, and Lottie in April 2020, and
probably little known to current generations of collectors, their intention was that their coins were to be sold after they
their collections, built quietly in the post-war era when had both parted this life. As with just about everything in
supply was flush and prices were a fraction of today’s the world these days, the coronavirus pandemic delayed
levels, are some of the finest to come to market in decades. the reintroduction of the Salton Collection into the
This exquisite collection was put together through the marketplace, so it was with much anticipation that Stack’s
knowledge and connections Mark built in his family’s pre- Bowers Galleries received the collection in the summer of
war coin business in Germany, as well Lottie’s determined 2021. Though Harvey and Larry had seen snippets of the
study of numismatics after meeting Mark in the late 1940s. collection over the years, as had others, even the Saltons’
As numismatic bookseller David Fanning wrote in the closest numismatic friends didn’t know the true extent of
introduction to Kolbe & Fanning’s recently concluded Mark and Lottie’s numismatic holdings. Boy, were we all
auction of the Saltons’ numismatic library, “Mark and Lottie in for a surprise! With over 8,000 pieces ranging from the
Salton represented a transitional period in the numismatic sublime to the obscure to the common, the collections
trade, being direct links between the European dealers were awe-inspiring to say the least.
of the era before the Second World War and the modern As we studied the collections in greater depth in
American coin trade of the post-war years.” preparation for their sale at auction, the Saltons’ eye
I knew the Saltons only vicariously through my for quality, rarity and pedigree stood out. Much of the
mentors Harvey and Larry Stack, who were long-time collection was built with the goal of gathering together
friends of the Saltons and spoke warmly of their many many numismatic masterpieces—both modern European
encounters over the decades. And I knew them through and their ancient progenitors—in one place, while some
the stories of Ira Rezak, who was their close friend, and of the collections are more academic gatherings of ancient
whose published obituaries of both Mark and Lottie have or modern types. Other sections are more commercial—
informed much of what is generally known of the Saltons for example modern, common gold coins of the world and
in public numismatic circles. other pieces which are undoubtedly items retained from
My entrée to the numismatic genius of the Saltons Mark’s days as a home-based part-time dealer of coins in
is from first-hand knowledge of and exposure to their the 1950s and 1960s.
immense and immensely significant collections. The 437 Stack’s Bowers Galleries will be selling the entirety of
lots in this sale catalog are but a small fraction of the the Saltons’ ancient Greek holdings, of which the first part
many thousands of coins—ancient and modern—that is offered in this sale catalog. This is most certainly not a
will be put back into the hands of collectors and museums random assortment of coins. “Curated” is perhaps a better
over the course of a series of auction sales held by Stack’s verb than “collected” when speaking of how the Saltons
viii