A great rarity in mint condition of a very rare 1779 vintage.
The only piece with the highest grade in the NGC registry, as well as the only one for that vintage with an MS grade.
Minor sheet flaws on the obverse and minimal justing on the reverse, but otherwise an outstanding beauty, a specimen piece with a beautiful deep dial luster.
Such an exquisite piece has not been offered on the auction market, an unquestionable coin for SAP's finest collections.
During the first two years of the reign of Stanislaw Augustus, municipal mints operated in Gdansk and Torun (1765 and 1766). However, these cities were forced to close them. This was because the king intended to recover from the monetary chaos left over from the Saxon era and introduce a new monetary system. Its basis was to be the Dutch ducat and the thaler minted from the Cologne fine (pure silver) in 10 pieces. The reform came into effect in 1766, and the monetary circulation of the Republic included fine and full-value coins: ducats, thalers, zlotys, pennies and their fractions and multiples. The fact that these were full-value coins caused them to be pulled from the market and melted down into lower-quality Prussian coins. For this reason, the monetary system was revised twice, including changing the minting rate (1787 and 1794). During the reign of Stanislaw Augustus, two state mints worked: the Cracow and Warsaw mints.
