CNG 69, Lot: 1899. Closing Date: Jun 08, 2005. Estimate $1000 

MICHAEL VIII Palaeologus. 1261-1282. AV Hyperpyron 
(4.21 gm, 6h). Magnesia mint. Struck circa 1261. 
The Virgin enthroned facing, holding the nimbate 
head of the infant Christ; throne back decorated 
with saltires and pellets / Michael standing 
facing, being presented by St. Michael, who stands 
behind him, to Christ enthroned left, holding 
scroll. DOC V 1; Bendall 3A; SB 2241. Good VF for 
type. Extremely rare, fewer than ten known. ($1000)

Michael VIIIs gold issue struck at Magnesia 
before the reconquest survives in possibly only 
one example, SB 2238 with Christ enthroned / 
Michael crowned by Christ. This second type, with 
the victorious Michael kneeling and offering 
prayers to Christ, is likely an allusion to his 
successful campaign to oust the Crusaders from the 
ancient capital. His last and most common hyperpyron type shows 
Mary within the walls of the city. 
Copyright © CNG 2002

High bid of $4500, $5175 including 15% buyers fee, or approximately €3645, £2475, C$5625, A$5850, on June 8, 2005.

Used by permission of CNG, www.cngcoins.com