The David Fore Collection by A. H. Baldwin & Sons Ltd

The

David Fore Coins of British India

Collection

LONDON 2013

The

David Fore Coins of British India

Collection

The most impressive collection of Coins of British India ever sold at auction, comprising Coins of British India, The Presidencies and Indian Native States. A. H. Baldwin & Sons Ltd. are proud to present this highly important collection for auction in three parts in London, commencing May 2013.

For further information and to register your interest in receiving a catalogue please contact Graham Byfield at graham@baldwin.co.uk or Seth Freeman at seth@baldwin.co.uk

A.H. Baldwin & Sons Ltd.

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Part of Noble Investments (UK) PLC

11 Adelphi Terrace London WC2N 6BJ Great Britain tel: +44 (0)20 7930 6879 fax: +44 (0)20 7930 9450 www.nobleinvestmentsplc.com Brochure Issued - January 2013 1

A.H. BAldwin & SonS ltd. Are proud to preSent The

David Fore Coins of British India

Collection

IntroductIon by randy WeIr I first met Dr. David Fore more than twenty five years ago when David responded to one of my World Coin News advertisements, expressing an interest in British colonial coins. He appreciated the coins and grades he received from me and, after a few phone calls back and forth, it became apparent that we were on the same page. We soon formed a plan to build a monumental collection of the finest British Indian coinage. My knowledge and David’s keen interest has taken us on an odyssey which has resulted in this, the David Fore Collection. It is one of the finest collections of Proofs, Restrikes and Patterns from British India ever put together and represents some forty years of search, research and money spent to find the nicest coins possible, with only the Pridmore collection (from what seems aeons ago) to compare. This outstanding collection, skilfully formed, shows what can be achieved by a collector of conviction, a reasonable amount of money and a trusted agent travelling to find the coins. David told me that his interest in collecting coins began as a child, when he watched his father, who owned a small store in a rural town of two thousand people, search his change looking for the elusive US 1909 SVDB Penny. Although he never found that coin, he had almost complete sets of most of the denominations of US coins. At age nine, David’s first job was delivering newspapers. Instead of buying comic books, he would take his weekly earnings of a few dollars to the bank and get rolls of pennies to search through, also looking for that 1909 Penny. His very first foreign coin purchase was an Indian Proof Restrike ¼-Anna from Lauren Benson. This coin was the beginning of a love affair with Indian coins that was to last for forty years. He bought restrikes every time he found them for the next eight years, while he completed his medical school and post graduate training.

I was privileged to introduce David to the fascinating world of colonial coins with coins from the famous Dick Ford collection and the Heaton Mint coins sold by Format of Birmingham in the United Kingdom. Our relationship was perfectly symbiotic. I clocked up the air miles travelling to build up a network of international dealers that would save the best coins; I scoured the auctions for anything that needed to be added to the collection, I found some wonderful coins that way. David's only job was to have the money to pay for these purchases. A perfect 50/50 relationship if ever I heard of one! David quickly came to calling the collection "our coins" as it really did take the two of us to make it happen. This added a bit of a new angle for me, in that, if they were going to be "our" coins, then I had better make sure that these were coins that "I" was proud to own. In the beginning there was no lack of coins to buy and I was able to keep Dave fairly "broke" (although I allowed him enough money to put food on the table and four children through University). His wonderful wife never questioned what we were doing, she thought that other Doctors made a little more money than Dave and wondered what the heck her husband was doing with all these boxes of coins! David recalls that the Pridmore collection had just been auctioned when we first met and there were coins in this collection we set out to track down. David bought the Pridmore books, with the result that every coin we purchased had meaning for him. For him the minor differences and pattern coins are so fascinating that every coin we bought was like prospecting for gold. Many of the coins in this collection came from the Pridmore collection, but also from other famous collections of Indian coins such as the Sir John Wheeler Collection, the Ken Wiggins Collection and the Diana Collection, all auctioned by Baldwinâ&#x20AC;&#x2122;s in London. The competition for these coins at auctions was intense and we paid more than we would reasonably expect to pay for many of the coins we bought but, in the end, we were happy to be the successful bidder many times in these and other auctions. Numerous coins were purchased at other auctions and from other collectors and dealers. To all those, we extend a thank you for the wonderful coins in this collection.

David and I had an exciting time putting this collection together, but now it is time for David and his wife to benefit from the fruits of our labours. They are still both fit and young at heart and I expect them to enjoy the proceeds from these coins that we have so lovingly put together. Throughout the process of putting the collection together our main focus was to finding the best quality coins. I had seen those who didn't consider this greatly disappointed when they eventually sold their collection. In my head quality equates to a good investment. For this reason David and I decided early that is was better to pay "tomorrow's" prices for top quality coins. We both got really inspired by the coins of India. They were usually cheap and usually available in nice grade with a plethora of dates, and unknowns, that made the whole enterprise most interesting. I spent a great deal of time at the British Museum and a few of the older collectors allowed me to view their collections the better to understand this series, especially with its cornucopiae of Proofs and Restrikes. As a result, I learned early to acknowledge and understand the differences, and I extend my thanks Thomas Curtis at Baldwin’s, Hil Kaslove and Jim Haxby (both ex-Deputy Curators of the Bank of Canada) for their part in this education. The last few years have seen many changes to the coin collecting hobby and, in particular, to the Indian coin market. Auctions have become more international, instead of a room of only dealers representing themselves or their collectors, better communications have allowed more collectors direct access to the auctions and the internet has revolutionised bidding. Today collectors from around the world are able to bid on the coins they want with a click of a button. This has led to much more interest in the Indian series amongst others. However, one of the things that has been lost is the collectors’ desire to take time to learn more about the process of grading these coins, for which they can be paying a great deal of money. Too often they rely on the services of a third party grading service. In putting together this collection, David and I believe it is important and enjoyable to know what constitutes the parameters used to grade a coin. The lustre, the strike, the marks, the overall aesthetics play a vital part in determining the value of a coin, and we believe this should always be part of the system in the selling of coins. What good auction houses can offer collectors today is our knowledge of the coins being sold. We have an opportunity here with the Fore Collection to add to the knowledge from a few hundred years of experience here in Baldwin’s. We want to make our catalogues a source of information and a reference work that can be used, and will be useful, for years to come. Since the Pridmore collection, nothing of note from the Presidency series had appeared at auction, but a great deal of information has been gleaned from the study of original information found in the records of the East India Company by Dr. Paul Stevens. His trilogy of books starts with the Bengal Presidency series (published by Baldwin’s and available from them and Mr F Todywalla in India) will give us a much greater insight into this series. The Fore collection will act as a market barometer, allowing us to see what these coins are really worth in today’s market place, as well as giving us a catalogue that we can use as the study continues on this series. In addition, the sale of the David Fore Collection gives collectors the chance to buy coins, many of which were used in the book written by Dr Paul Stevens and myself : Coins of British India 1835-1947. What a wonderful pedigree to have! Randy Weir randy@baldwin.co.uk 4

1854 Four Piece O.M.S. SILVER Proof Restrike Set of the 5- and 10-Rupees, Mohur and 2-Mohurs Gold coins that never made it into circulation. Obverse: 2nd head of Victoria “Divided Legend”, VICTORIA QUEEN 1854 around. Reverse: Lion striding left, EAST INDIA COMPANY around, denomination in the exergue. The Mint considered having these struck for circulation and a few Original Patterns were struck, but these are part of the modern restrike series.

1835 Three Piece O.M.S. Set of the ¼-, ½- and 1-Rupee struck in GOLD. Obverse: Head of William IV right, WILLIAM IIII, KING around, F raised on truncation. Reverse: EAST INDIA COMPANY 1835 around laurel wreath, denomination within. These off metal strikings are extremely rare and usually produced at the behest of the wealthiest of collectors, or mint officials. Part of the modern restrike series. 5

1941 Pattern Dollar, Pridmore no.1088A. Obverse: Head of George VI left, GEORGE VI KING EMPEROR around. Reverse: INDIA 1 DOLLAR 1941 in large letters, 2 RUPEES 8 ANNAS in smaller letters below DOLLAR. This was a Pattern for a coin that was never to be. One of the most important coins of the whole Indian series.

1860 Pattern Piedfort Rupee. Obverse: Crowned and robed Bust of Queen Victoria to left, VICTORIA QUEEN around. Reverse: ONE RUPEE INDIA 1860 within a scroll-like wreath of India flora. It would be another two years before these coins would be produced for circulation but a lucky few received these piedforts as examples of what the Royal Mint had in mind for the Indian colonies.

1946 Bombay Pattern Rupee. Obverse: Bust left of George VI, GEORGE VI KING EMPEROR around IN SMALL LETTERS. Reverse: Lion advancing left, ONE RUPEE INDIA 1946, One Rupee in Devnagri and Urdu around. No 1946 Rupees were struck for circulation, but two types of Patterns were considered. This is the small letters with the wide borders variety.

1946 Bombay Pattern Rupee. Obverse: Bust left of George VI, GEORGE VI KING EMPEROR around in LARGE LETTERS. Reverse: Lion advancing left, ONE RUPEE INDIA 1946, One Rupee in Devnagri and Urdu around, but this time with thinner borders and smaller obverse letters. Not issued for circulation.

1919 Calcutta Orignal Double Proof Set of the Four Cupro-Nickel Coins. As the Currency coins but two each of Choice Original Proofs of the 1-, 2-, 4- and 8-Annas in a fitted case with a silver crest on the outside stating “WITH THE COMPLIMENTS OF THE MASTER OF THE MINT CALCUTTA 1919”.

1940C Sterling Silver Pattern Rupee. Obverse: GEORGE VI KING EMPEROR, bust left. Reverse: ONE RUPEE INDIA 1940, One Rupee in Urdu below date, surrounded by conventional Scroll representations of a rose, shamrock and thistle. This issue was minted in .500 fine silver while this PATTERN was struck in STERLING SILVER, which has given this coin a Superb Frosted Bust.

1937 Rupee, “Pattern” Reverse with the Obverse of 1942-1945, Restrike. Obverse: GEORGE VI KING EMPEROR, bust left as the currency coins of 1942-1945. 1911 Original Four Piece Proof Set with Original Box. 2-Annas, ¼-, ½- and 1-Rupee as circulation pieces with so-called PIG obverses. Brilliant Original Proofs in a burgundy box with a silver crown on the outside and written on the inside cover in gold leaf. “H.M.’s Mint. Calcutta.”

Reverse: INDIA, one rupee in Devnagri, ONE RUPEE, Rupee in Urdu, 1937, Scroll similar to that used on 1911 to date rupees. No original Indian coins were struck in 1937 due to the death of George V and the time it took for new dies to reach India. We have a few examples of these with possible reverse pattern dies as this rupee, and others using the obverse of George V struck in 1937 or 1938, see Pridmore 1093-1095.

1938 Rupee Muled with George V Obverse Restrike. Obverse: GEORGE V KING EMPEROR, crowned and robed bust left. Reverse: ONE RUPEE INDIA 1938, One Rupee in Urdu, Scroll around. This is just one of the three different busts seen on 1938 dated rupees, with only one of those made for circulation.

1938 Rupee with the First Obverse of George VI Restrike. Obverse: GEORGE VI KING EMPEROR, crowned high relief bust left. Reverse: ONE RUPEE INDIA 1938, One Rupee in Urdu, Scroll around. The high relief portrait of George VI was used on all other minors as circulation strikes but not on the rupee, so it only comes as a restrike.

1949 Pattern 2-Annas in BRASS for The Government of India. Obverse: GOVERNMENT OF INDIA, three lions. Reverse: INDIA TWO ANNAS 1949, Two Annas in Devnagri and Urdu, standing Peacock left. One of the Patterns struck for the new Government of India.

1949 pattern 2-Annas in Cupro-Nickel for The Government of India. Obverse: GOVERNMENT OF INDIA, three lions. Reverse: TWO ANNAS, Two Annas in Devnagri and Urdu, 1949, standing peacock in full display. One of the Patterns struck for the new Government of India.

1910 Pattern Rupee in GOLD, O.M.S. Early Restrike.

1907 Pattern Rupee.

Obverse: EDWARD VII KING & EMPEROR, crowned and robed bust right.

Obverse: EDWARD VII KING & EMPEROR, with a crowned and robed bust to right as seen on the Straits Settlements 50-Cents of 1902-1905.

Reverse: ONE RUPEE INDIA 1910, One Rupee in Urdu, within wreath as seen on rupees of 1911-1945. Pridmore 1050, struck very soon after the patterns that were made in 1910. It was obvious the Calcutta Mint was ready to change the coinage of Edward and we see what they had in mind, but Edward died before they could produce this coin as a circulating medium.

Reverse: ONE RUPEE INDIA 1907, within scroll as seen on the Victorian Rupees Reverse 1. Probably UNIQUE and struck as a test piece with no real intentions of being put into circulation, it ended up as a pocket piece and is now very fine grade.

1938 Restrike Rupee with the Low Relief Bust of George VI.

Mint Error George V Rupee.

1893C Rupee, Early O.M.S. Restrike Struck in GOLD.

Obverse: GEORGE VI KING EMPEROR, low relief bust of George VI as on the currency coins.

Struck 60% off-centre.

Identical to the circulation issue but struck in gold, which was supplied by the collector who ordered the item.

Reverse: ONE RUPEE INDIA 1938, One Rupee in Urdu, surrounded by scroll.

It is most unusual to see a coin with such a serious error finding its way out of the mint.

1901/(1910) Mule Rupee, Pattern Restrike.

1907B Edward VII Pattern Mule Rupee, Proof Restrike.

Obverse: as Pridmore no.1049, with the robed and crowned portrait on Edward that did not make it onto the circulating coins.

Obverse: Pridmore nos.1045-1046, EDUARDUS VII REX ET IMPERATOR, bare head right, K.W. incuse on truncation.

Reverse: as Pridmore no.1046, ONE RUPEE INDIA 1901, an Indian Tiger to left within a decorative arched circle, E.R.I. above. Neither of these designs made it into circulation but there are original patterns of both Pridmore numbers so there must have been a great thought given to changes in the coinage.

Mint State 1835 Mohur. one of only 29,000 struck that year, KM 451.2, R.S. incuse.

Reverse: as the currency issue for the 1907B Rupee. It is interesting to note that there are two different 1907 ORIGINAL Pattern Rupees whilst this is the same date but is clearly a later restrike.

1885 Early Proof Restrike Mohur. As the circulation coins but struck as a PROOF. It is very hard to find a Proof Mohur after 1870.

1940C O.M.S. 1-Anna with Obverse 1 Struck in GOLD. As the currency issues but struck in gold, the mint experimented with obverses for all dates but the 1940 obverse 1 circulation coin is a very rare.

1901 Original Pattern Rupee for Edward VII, Pridmore no.1045.

1901 Pattern Rupee for Edward VII, Early Restrike, Pridmore no.1046.

Obverse: EDUARDUS VII REX ET IMPERATOR around bare head, K.W. on truncation for F.K. Wezel.

Reverse: ONE RUPEE INDIA 1901 around Indian lion to left within a decorative arched circle. The value in Persian and Nagari above and below.

Reverse: ONE RUPEE INDIA 1901 around Indian Tiger to left within a decorative arched circle. E.R.I. above (for Edwardus Rex Imperator).

1901 Edward VII Mule Pattern Rupee Restrike. Obverse: Pridmore no.1049 with the crowned and robed bust of Edward. Reverse: Pridmore no.1045 with the Indian Tiger to left with a decorative arched circle. One Rupee in Persian and Nagri above and below Tiger.

It is interesting to note the return of Latin legends to this coinage.

1870 Victoria Mohur in Nickel with Mature Bust.

Alwar State, Victoria, 1891 Proof Restrike Rupee.

The 1870 Mohur only known as a non-circulating date but with a number of differences in the two busts, Young and Mature. As a Proof Restrike in Gold it is actually quite a common coin, but this superb plain edge piece in Nickel may be Unique.

A coin that is almost impossible to find in choice mint state.

It is ex Nobleman collection and ex Brand collection.

1839 Rupee - Unique in private hands with two others in the Calcutta mint. Obverse: Head to left. VICTORIA QUEEN. This Pattern was produced by a native die cutter due to the slowness of the dies coming from London and the need for coinage. The fact that it was rejected has made it the most sought after coin of the whole British Indian series. This coin was last sold in Baldwin’s Auction 22 - The Sir John Wheeler Collection - £28,000 pounds (the highest price for any coin in his wonderful sale) and before that in the Brand and Nobleman auctions. It is not really a truly "beautiful" coin but, by every definition, it can be considered “cool” and we expect it once again to be proven the most valuable coin in this auction.

1910 Edward VII Pattern Rupee, Pridmore no.1049, Early Proof Restrike.

1910 Edward VII Pattern Rupee Mule, Early Restrike.

Obverse: EDWARD VII KING & EMPEROR, crowned and robed bust to right. Reverse: ONE RUPEE INDIA 1910 within scroll.

Obverse: Pridmore no.1046, EDUARDUS VII REX ET IMPERATOR, bare head right, K.W. incuse on truncation.

The coins in the David Fore Collection will allow collectors to inspect all the permutations of these 1901 and 1910 Pattern Rupees.

Reverse: Pridmore no.1049, ONE RUPEE INDIA 1910, One Rupee in Urdu below, scroll around.

Mint State George V 1911 ¼-Rupee.

Mint State George V 1911 ½-Rupee.

One of the key type coins of the British India series.

The most difficult type coin of the whole British India series to find in Mint State.

Mint State Victoria 1862M ½-Anna.

Mint State Victoria 1862C ½-Anna.

Reverse with a slant top 1 in the date, and enough mint red to make any type collector happy.

Reverse struck with a flat top 1 in the date, with mint red in the devices.

Bikanir, Victoria, 1894 ½-Pice.

Bikanir, Victoria, O.M.S. 1894 Proof ½-Pice in Silver.

Mint State with virtually with full mint red.

Dewas State, Senior Branch, Mint State 1888 1/12-Anna.

Bikanir, Victoria, 1894 Original Very Early Restrike Proof. These coins were probably struck to order for one of the two major collectors of that age, Montague and Murdoch, sometime at the turn of the century.

Dewas State, Senior Branch, Proof Restrike 1888 1/12-Anna.

A one year type with almost full lustre.

Dewas State, Junior Branch, Early Proof Restrike 1888 1/12-Anna. A coin that is almost impossible to find in Mint State.

Dewas State, Junior Branch, O.M.S. 1888 ¼-Anna in SILVER, Very Early Proof Restrike. Probably struck at the same time as the Bikanir pieces in this collection.

Dhar State, Victoria 1887 ½-Pice, Early Proof Restrike.

Bikanir, Victoria, Original Proof/Pattern 1894 ¼-Anna.

Bikanir, Victoria, Original Proof 1895 ¼-Anna.

Probably struck sometime 1908-1919. More detail on the reasons behind this reasoning will be available in the auction catalogues for the collection.

This coinage wasn’t struck for circulation until 1895 and this is the only example we can find of this date, quite possibly a “UNIQUE” Pattern.

There is nothing on this coin to indicate it was struck at any other time than 1895.

Bengal Presidency, Pattern 1809 ½-Pice, Pridmore no.395.

Bengal Presidency, Pattern 1809 ½-Pice in SILVER, Pridmore no.393.

Obverse: Arms of the Company, HALF PIE above, 1809 below.

Reverse: The value “Half Pai Sikka” in three languages.

Madras Presidency, 1807 2-Dubs, Pridmore no.327. ex Wiggins collection and one of only a handful known. 18

Bombay Presidency, Proof Rupee AH1215, Pridmore no.285.

Bombay Presidency, Proof Rupee AH1215, Pridmore no.287.

Struck 1823-1824.

Struck 1832-1835.

Bengal Presidency, Pattern 1793 “1/48-Rupee”, Pridmore no.369.

Bengal Presidency, Pattern 1794 “1/48-Rupee”, Pridmore no.372.

In Persian on both sides: MONEY OF THE YEAR, CHRISTIAN YEAR 1793, and, on a broad rim, “ENGLISH EAST INDIA COMPANY”.

Reverse: Balemark and date 1794.

Bengal Presidency, Pattern 1793 “1/48-Rupee”, Pridmore no.371.

Bengal Presidency, Pattern 1794 “1/48-Rupee”, Pridmore no.373.

Obverse: MONEY OF THE YEAR, CHRISTIAN YEAR 1793, and, on a broad rim, “ENGLISH EAST INDIA COMPANY”.

Two examples which differ in the placement of the obverse lettering on the raised border. This not mentioned by Pridmore.

Obverse: Persian inscription without the broad rim or English legend.

Reverse: The Crest of the Company over the number 48, below, on the rim in a sunken panel TO ONE RUPEE, the letters in relief. On the remainder of the rim, the Latin motto on incuse letters AUSPICIO REGIS ET SENATUS ANGLIAE.

Madras Presidency, ORIGINAL Pattern Rupee AH1172, Year 6, Pridmore no.340.

Madras Presidency, 1807 ½-Pagoda. 16 stars left, 17 stars right to either side of the Pagoda. UNLISTED in Pridmore with this number of stars, one of the finest known of all types for this date.

Madras Presidency, 1807 ¼-Pagoda, Possiblly a Specimen Strike, Pridmore no.155. These were often overstruck on cut up 8-Reales but this is a flip strike on prooflike fields. Perhaps an error was made in the second striking, if this was to be a Specimen strike, in that the coin inadvertently flipped over between the first and second strike.

Madras Presidency, 1808 ¼-Pagoda in Choice Mint State. Pridmore no.176.

Madras Presidency, 1808 ½-Pagoda in Mint State. Pridmore no.171.

Madras Presidency, Double Rupee AH 1172/6. Pridmore no.246, ex Wiggins collection.

The

David Fore Coins of British India

Collection

To be sold in three parts in London: Part One: Rare Proofs, Restrikes and Off-Metal Strikings May 2013 Part Two: Pattern and Proofs of British India, The Presidencies and the India Native States June 2013 Part Three: Circulating Coins of British India, The Presidencies and the India Native States September 2013

Highlights Native States Over 250 Gold Coins from the Indian Native States More than 2000 Copper and Silver Coins from the Indian Native States including: Proofs and Off-Metal Strikes of the Victorian Portraits from the States of Bikanir, Dewas, Dhar and Sailana Mughal Nazarana 5 Rupees in Mint State Four Mysore Double Rupees in Choice Condition British India Virtually every date being offered in the highest grade possible including: Over 100 pieces from the famous Pridmore Collection Brilliant Uncirculated 1939 Rupee William IV, 1840 Rupee Mint State 1862 ½-Anna’s from 1862 with much original mint red All the dates of the Gold Mohur series, many in mint state Many of the varieties that have been included in the Stevens & Weir book The Uniform Coinage of India 1835-1947 and in many cases are the only known example Presidency Over 60 Presidency Gold Coins Approximately 150 Proofs and Patterns including: Unique Bengal Gilt Pattern Pice of 1795, Pridmore no.382 Calcutta Mint Pattern Silver Rupee from the Wheeler Collection, Bengal, Pridmore no.361 Unique Bombay 1791 1½-Pice with small scales, Pridmore no.124, ex Pridmore Collection A nice run of Bengal Patterns, including Pridmore nos.369, 371, 372, 373 and 375 Madras Specimen Strikes of the 1807 Dub, ½-Dub and ¼-Dub coins, all ex Wheeler and Pridmore Collections A high grade example of one of the few known 1807 2-Dubs, Pridmore no.327, Four different 40-Cash coins, Sixteen different ¼-Pagodas, Seven different ½-Pagodas, Two Double Rupees of 1807 Bombay Pattern Pie and ¼-Anna coins from 1820 Unlisted Copper Anna and ½-Anna coins dated 1821

A. H. Baldwin & Sons Ltd, London Founded in 1872, A. H. Baldwin & Sons Ltd set up their in-house auction department ‘Baldwin’s Auctions’ in 1993 and have since expanded to hold regular auctions of all numismatic material in London, New York and Hong Kong. Baldwin’s have been based in central London for over 100 years and are the last remaining traditional coin dealers in London offering an old-fashioned personal service to help you build your collection with confidence. e Baldwin’s specialist team has worked as advisors and cataloguers of coins for many of the most prestigious auction houses in London and abroad for decades. Our extensive library, comprising thousands of reference books, allows us to research thoroughly all aspects of numismatics from Ancient times to the present day, with the main focus including English, European, Russian, Islamic, Indian, the Americas and Oriental coins, as well as commemorative medals, for auction and direct sale. Today our permanent staff of numismatists include: Edward Baldwin (European, Colonial, Oriental and Russian Coins), Dimitri Loulakakis (English, European, Latin American and Modern Greek Coins), Steve Hill (English Coins), Graham Byfield (Indian and Islamic Coins and Commemorative Medals), Paul Hill (Ancient Coins), Seth Freeman (British Tokens and Banknotes), David Kirk (Military Medals), Caroline Holmes (Numismatic Books), and Laurent Stainvurcel (European Coins). e merger of Baldwin’s with Noble Investments (UK) PLC in 2005, and the acquisition in early 2008 of Apex Philatelics Ltd., has seen the company expand to become a formidable market player offering a complete package for any coin or stamp collector or investor. A. H. Baldwin & Sons Ltd is one of the largest numismatic houses in Europe and the only numismatic trading company listed on the London Stock Exchange. Baldwin’s has been a member of the International Association of Professional Numismatists (IAPN) since 1969, and is also a member of the British Numismatic Trade Association (BNTA), the British Antique Dealer’s Association (BADA) and individuals on their staff are members of the American Numismatic Association (ANA), the Royal Numismatic Society (RNS) and the British Numismatic Society (BNS).

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11 Adelphi Terrace London WC2N 6BJ Great Britain tel: +44 (0)20 7930 9808 fax: +44 (0)20 7930 9450 www.baldwin.co.uk

11 Adelphi Terrace London WC2N 6BJ Great Britain tel: +44 (0)20 7930 6879 fax: +44 (0)20 7930 9450 www.nobleinvestmentsplc.com