CNG 100, Lot: 1134. Estimate $750. Sold for $2750. This amount does not include the buyer’s fee.

GERMANY, Weimarer Republik. 1918-1933. AV Satirischer Dukat Medal (24mm, 3.51 g, 12h). Hyperinflation of 1923. Dually dated 1918 and 1923. REPUDIATION 1923, Deutsche Michel, with trousers partly lowered, squatting left, preparing to consume a gold coin while defecating numerous inflationary banknotes; DUK./S./I. to left; PAP./SCH./I.; WO IST DAS VIELE GUTE GELD / SIEH VOLK WAS HIER HERUNTER FÄLLT in two lines below / EIN DUKATEN AUSBEUTE 1918-1923 ZEHN BILLIONEN INFLATION, three coats-of-arms; R D flanking middle shield; SO LEBEN/WIR/VOM PAPIER above; below, BIS ALLES? DER HOLT and Devil running right. Künker 252, lot 5137. UNC, proof like, some hairlines.

From the collection of Dr. Lawrence A. Adams. Ex Kölner Münzkabinett 39 (18 November 1985), lot 888.