Louis XIV (1643-1715). Gold 2 Louis d'or aux 8 L et aux insignes, 1702-A (Paris). Older laureate head of king with shorter hair right. Rev. Four cruciform crowned double L's over crossed insignia (Fr 435; Gadoury 261; KM 335.1). In NGC holder graded AU 58, a very pleasing example with nearly full original mint luster remaining. Value $5,000 - UP
The louis d'or aux ensignes ("gold Louis with royal insignia") was introduced on June 19, 1700 and continued to be struck through 1709. It is notable in that the standard reverse type depicting a cross formed by the repeated crowned initial of the royal name has now had crossed royal scepters added to the design. A scepter tipped with a fleur-de-lis and another tipped with the hand of God in a benediction gesture both played roles in the coronation ritual of the French monarchy. The latter scepter was known as the Main de Justice ("Hand of Justice") and is thought to have been first used for the coronation of Louis IX (St. Louis). The addition of these symbols of royal legitimacy came at a time when Louis XVI was preparing for the War of the Spanish Succession (1701-1714).