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BRANDENBURG-ANSBACH: Karl Alexander, 1757-1791, AR 2 1/2 kreuzer, 1775, PCGS MS62

Currency:USD Category:Coins & Paper Money / World Coins - Europe Start Price:70.00 USD Estimated At:85.00 - 125.00 USD
BRANDENBURG-ANSBACH: Karl Alexander, 1757-1791, AR 2 1/2 kreuzer, 1775, PCGS MS62
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BRANDENBURG-ANSBACH: Karl Alexander, 1757-1791, AR 2 1/2 kreuzer, 1775, KM-277, C-76, minted in Schwabach, a pleasing lustrous mint state example, PCGS graded MS62, ex Joe Sedillot Collection. Finest graded 'top pop' by PCGS!In 1780, Karl Alexander founded his own bank, the Hochfürstlich-Brandenburg-Anspach-Bayreuthische Hofbanco, out of which later came the Bayerische Hypotheken- und Wechselbank "Bavarian Mortgage and Change Bank", which was absorbed into the present day HypoVereinsbank. One of Karl Alexander's enterprises earned income from hiring auxiliary troops to King George III of Great Britain for the American Revolutionary War. He had nominal command over the "Frankish Army" of 1,644 mercenaries, of whom only some 1,183 returned to their homeland in 1783. Karl Alexander leased further troops to Holland. With these incomes, he paid down the principality's debts, which amounted to 5,000,000 guilders at the time he inherited the throne in 1757. By the time of his abdication 34 years later, the principality's debt stood at only 1,500,000 guilders.