1959 Essai 5 Francs NGC MS67

$2,500.00 USD

Republic silver Piedfort Maz-2828var. Large "5" in Date variety. A very impressive rendering of this classic sower design type that retains gorgeous shimmering gleam in the fields and flares of gold patina along portions of the edge. Very rarely encountered in this double-thick format. Extremely RARE!

Jules Gustave René Coty was President of France from 1954 to 1959. He was the second and last president of the Fourth French Republic. As President of the Republic, Coty was even less active than his predecessor in trying to influence policy. His presidency was troubled by the political instability of the Fourth Republic and the Algerian question. With the deepening of the crisis in 1958, on 29 May of that year,  President  Coty a ppealed to Charles de Gaulle, the "most illustrious of Frenchmen" to become the last Prime Minister of the Fourth Republic. Coty had threatened to resign if de Gaulle's appointment was not approved by the National Assembly. De Gaulle drafted a new constitution, and on 28 September, a referendum took place in which 79.2% of those who voted supported the proposals, which led to the Fifth Republic. De Gaulle was elected as President of the new Republic by parliament in December, and succeeded Coty on 9 January 1959. 

Additional Rarity: A Republic silver Specimen Essai 20 Francs 1939 SP67 sold at auction on January 7, 2018 for $4,465.