92
Rome. Otho, January-April 69 AD. Gold Aureus (7.3
Currency:USD
Category:Coins & Paper Money
Start Price:25,000.00 USD
Estimated At:50,000.00 - 60,000.00 USD
SOLD
65,000.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2008 May 26 @ 17:05UTC-8 : PST/AKDT
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A full invoice should be emailed to the winner by the auctioneer within a day or two.
<Our item number 115747><B>Rome. Otho, January-April 69 AD. Gold Aureus (7.38 g), Rome mint.</B> Bare head of Otho right.<I> Reverse</I>: Securitas standing left, holding wreath and scepter; SECVRITAS P R. RIC 7 (R-2); C. 16; BMCRE 13. Finely centered, and perfectly struck, on nice round, full flan. Choice portrait, with delicate reddish tone. In a superb state of preservation for this very rare issue. <B>NGC graded About Uncirculated.</B> <BR><BR>One of Rome's briefest reigning emperors -- though little can be said in affirmation of Otho's ephemeral reign, and perhaps even less about the nature of the man himself. Tacitus described him as an "extravagant young man" who devoted himself to "sensuousness" and to "fashionable pursuits." He was renowned for his vanity, his fastidious grooming, and especially for the splendid toupees that covered his balding head. The wigs are so vividly, and almost always meticulously, rendered on his coin portraits, with a manicured care that one almost suspects Otho himself to have personally approved each of the dies for his coins.<BR><BR>Otho hailed from a family of equestrian rank that had been elevated under Augustus to the status of being able to hold consulship. In this way Otho knew and became close friends with the somewhat younger Nero. Wishing to enhance his status with Nero, Otho promoted the charms of his wife, or lover, Poppaea Sabina, to the emperor, but his imperial "seduction" backfired. Nero was smitten with her and promptly got Otho out of the picture by appointing him in 58 AD to the governorship of Lusitania, modern Portugal. This political, cultural and social exile lasted for ten years. When the banner of revolt was raised against Nero, Otho was quick to support his neighboring governor, Galba, in his bid for the throne.<BR><BR>Undoubtedly revenge against Nero was partly on his mind but, by championing Galba, Otho hoped his alliance with the 70-year-old former soldier and consul w ould result in him being named Galba's adoptive son, and thus heir and successor to the principate. Neither goal was obtained. So then Otho concentrated on raising support among the soldiers and Praetorian Guard, through bribery or largesse, to have Galba put out of the way (and going deeply into debt in the process). Galba and his newly adopted successor were assassinated on January 15, 69 AD, with their heads being delivered to Otho! Rome's frightened Senate quickly acquiesced and hailed Otho as Emperor. <BR><BR>But Otho's days were growing short. Others had eyes to fill the recent imperial vacancy. In southern Germany, the legions proclaimed the new governor, Vitellius, as emperor and began marching on Rome. By the time Otho had assumed the royal mantle, Vitellius' troops had already reached Gaul on their long trek to Italy. By mid or late March, skirmishes were already occurring between opposing forces in Gaul and Italy. Otho left Rome for northern Italy to take charge of the war. On April 14, a decisive and bloody battle took place (upwards of 40,000 deaths), ending with Otho's forces being defeated. At his headquarters, Otho became dispirited, even though reinforcements were enroute. Perhaps, as some have said, he was appalled at the likelihood of far greater spilling of blood should civil war continue, or fearful of his fate at the hands of his opponents. In any event, Otho performed his most noble political act one or two days later, by committing suicide. <BR>Estimated Value $50,000 - 60,000. <BR><BR>Our item number 115747<BR><IMAGES><P ALIGN="CENTER"><IMG SRC="http://www.goldbergcoins.net/liveauction/47jpegs/115747.jpg"> <BR><IMG SRC="http://www.goldbergcoins.net/liveauction/47jpegs/115747N2.jpg"> </P></IMAGES>
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Previewing Details:
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350 South Beverly Drive Suite 350, Beverly Hills CA 90212
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Appointments May 1-16, Open Lot Viewing May 19-28
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These Terms And Conditions Of Sale Set Forth The Terms Of A Public Auction Sale Conducted In Beverly Hills, California By Ira & Larry Goldberg Coins & Collectibles, Inc., A Nevada Corporation, California Auction Bond No. 3s95453300 (Hereinafter, The "Auctioneer" Or "Goldberg").
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<b>16. A BUYER'S COMMISSION OF FIFTEEN
PERCENT (15%) will be added to each individual lot made by purchasers, except Consignors, regardless of Purchaser's affiliation with any group or organization, and will be based upon the total amount of the final bid. INTERNET BIDDERS PAY A BUYER'S COMMISSION OF TWENTY PERCENT (20%). </b>
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Disclaimers And Warranties
All Items Offered In This Catalogue Are Guaranteed To Be Genuine.
This Is A Limited Warranty That The Item Sold Is Not Counterfeit, That Its Date Or Mintmark Has Not Been Altered And That The Coin Has Not Been "Repaired."
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a. The descriptions contained herein represent the Cataloger's good faith opinion, or the opinion of an independent grading service, as to the state of preservation and strike. When a grade from an independent grading service is utilized, the information is provided strictly for the convenience of the bidder by mail, telephone or facsimile. Bidders and Purchasers acknowledge that (i) grading is an art, not a science; (ii) the grades contained in the catalogue represent the opinion of the Auctioneer based upon its experience; (iii) it is possible that two people will not always grade the same items alike; and (iv) as market conditions change, grading standards change, and will most likely continue to do so in the future.
NO WARRANTY, WHETHER EXPRESSED OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY, IS MADE WITH RESPECT TO ANY GRADE DESCRIPTION, WHICH IS MERELY AN OPINION THAT IS LIKELY TO DIFFER, EVEN AMONG EXPERTS. PURCHASER HEREBY ASSUMES ALL RISKS CONCERNING AND RELATED TO THE GRADING OF A LOT BY AN INDEPENDENT GRADING SERVICE.
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c. All oral and written statements made by Goldberg and its employees (including affiliated and related companies) are statements of opinion only, and are not warranties or representations of any kind, unless stated as a specific written warranty, and no employee or agent of Goldberg has authority to vary or alter these Terms and Conditions of Sale. Any alteration shall be effective only if in writing and signed by an officer of Goldberg authorized to do so.
d. Bidders shall have no recourse against the Consignor for any reason whatsoever.
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COINS & CURRENCY LISTED IN THIS CATALOGUE GRADED BY PCGS, NGC, ICG, SEGS, ACCUGRADE, PCI, NTC, CGA, PMG OR ANACS CACHET MAY NOT BE RETURNED FOR ANY REASON WHATSOEVER.
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Waiver and Releases:
Purchaser, for himself, his heirs, agents, successors and assigns, generally and specifically waives and releases, and forever discharges Goldberg, and its respective affiliates, parents, shareholders, agents, subsidiaries, employees, members of their respective boards of directors, and each of them, and their respective successors and assigns from any and all claims, rights, demands and causes of action and suites, of whatever kind or nature, whether in law or equity, whether known or unknown, suspected or unsuspected, which Purchaser may claim to have with respect to and/or arising out of, or in connection with any challenge to the title to any good purchased, the sale itself and/or the auction, except for reimbursement in the amount equal to any bid actually paid by Purchaser, plus any Buyer's Commission actually paid by Purchaser where such reimbursement is authorized in these Terms and Conditions of Sale. It is the intention of Purchaser that this waiver and release shall be effective as a bar to each and every claim, demand, cause of action and suit that may arise hereunder, and Purchaser hereby knowingly and voluntarily waives any and all rights and benefits otherwise conferred upon him by the provisions of the California Civil Code, which reads in full as follows:
"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR."
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32. The sole remedy that any Purchaser in the auction shall have, whether such Purchase is bidding in person, by mail, by facsimile, by telephone, or through an employee or agent, for any claim or controversy arising out of the auction shall be a refund of the original purchase price and premium paid, if any.
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35. If the Purchaser fails to comply with one or more of these Terms and Conditions of Sale, then in addition to all other remedies which it may have at law or in equity, Goldberg may at its sole option, either (a) cancel the sale, retaining all payments made by Purchaser as liquidated damages, it being recognized that actual damages may be speculative or difficult to compute, or (b) sell some or all of the property and (some or all other property of the Purchaser held by Goldberg, if Goldberg deems necessary), in a quantity sufficient in the opinion of Goldberg to satisfy the indebtedness, plus all accrued charges. More than one such sale may take place at the option of Goldberg. Such sale may take place without notice to Purchaser. If Goldberg gives notice, it shall be by U.S.P.S. Certified Mail, Return Receipt Requested to the address utilized on the Bid Sheet, Auction Consignment and Security Agreement or other address known to Goldberg. Such sale will be at Goldberg standard commission rates at public or private sale, within California, or at another location outside of California to be determined by Goldberg. At the time of sale the defaulting party shall not bid nor be permitted to bid. The proceeds shall be applied first to the satisfaction of any damages occasioned by Purchaser's breach, and then to the payment of any other indebtedness owing to Goldberg, including without limitation, commissions, handling charges, the expenses of both sales, reasonable attorneys' fees and costs, collection agency fees and costs and any other costs or expenses incurred thereunder. If a lot or item is not paid for, and is sold by Goldberg for Purchaser's account, in accordance with the Uniform Commercial Code, Goldberg shall not be required to account to the Purchaser for any excess proceeds. Purchaser shall remain liable to Goldberg if the proceeds of such sale or sales is insufficient to cover the indebtedness. If other property of Purchaser is also sold, any excess of proceeds will be remitted to the Purchaser after first deducting the expenses set forth above. If Purchaser fails to remit sums due to Goldberg, Purchaser grants to Goldberg a lien with respect to such sum, with interest to accrue thereon at the legal rate, until actually paid, which lien shall apply against any property of Purchaser, including any future goods of Purchaser coming into possession of Goldberg. To the extent permitted by law, Purchaser hereby waives all the requirements of notice, advertisement and disposition of proceeds required by law.
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39. If any section of these Terms and Conditions of Sale or any term or provision of any section is held to be invalid, void, or unenforceable by any court of competent jurisdiction, the remaining sections or terms and provisions of a section shall continue in full force and effect without being impaired or invalidated in any way. AS STATED IN THE TERMS AND CONDITIONS OF SALE Certain lots may be reserved by the Consignor. If the Auctioneer identifies a Consignor bidding on his own property, an announcement will be made that the Consignor is now bidding. If the Consignor places a bid in the mail bid book and is successful, the Auctioneer will announce that the lot has been passed.
40. These Terms and Conditions contain the entire agreement and understanding between Goldberg and Bidder concerning the auction and any items bid on or purchased at the auction. Bidder acknowledges that Goldberg has not made any promises, representations or warrantee to bidder, not contained herein concerning the auction and any items bid on or purchased at the auction.