Classical Numismatic Group, LLC - Triton XXVII - Session 4 . 1070
ITALY, Venezia (Venice). Antonio Grimani. 1521-1523. AR Osella (33mm, 8.89 g, 2h). Struck 1521. Christ seated right, holding gospel and raising hand in benediction; to right, St. Mark standing right, presenting banner to Doge kneeling left / Justitia, standing right, and Pax, standing left, clasping hands. Paolucci, Zecca 1; Werdnig 1 variante 1. Toned, mount marks, a few light scratches. Good Fine. Extremely rare. The first osella. From the J. Eric Engstrom Collection. Ex Luma Collection (Spink 136, 6 October 1999), lot 401.From the introduction to the Luma Collection: 'Osellas orignated as an annual tribute payment by the Doge to the Venetian nobility upon surrendering absolute power. Gifts of particular symbolic poultry evolved in 1361 into partial cash payments, and in 1521 into specifically struck coins: (the name osella is derived from the word for bird). As each member of the great Council received one coin, approximately 2,500 pieces were issued each year. The coins were legal tender and did circulate, but many were retained, partly for their range of pictoral designs... As they were mainly intended as presentation pieces, they have usually been mounted.'