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Lot
3012

1796 TOKEN Myddelton Token, Silver PR65 PCGS....

2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143

 
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Offers to date: $26,225 on April 1, 2011
$26,225 on March 28, 2011
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Auction Ended On: Aug 11, 2010
Item Activity: 9 Internet/mail/phone bidders
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Location:

Hynes Convention Center
900 Boylston Street
Boston, Massachusetts 02115

Description:
1796 Myddelton Token in Silver
Richly Toned Gem Proof
1796 TOKEN Myddelton Token, Silver PR65 PCGS. The 1796 Myddelton tokens are reminders of the failed attempt by Philip Parry Price Myddelton to establish a settlement on an immense tract of land he had acquired in Kentucky. Between 1795 and 1796 he recruited hundreds of English farmers and laborers to emigrate, and contracted with the Birmingham Mint of Boulton and Watt to strike coins for the settlement. Myddelton, however, was actually jailed for his attempts to convince British artisans to leave the country, and in August 1796 he was sent to the dreaded Newgate Prison.
Only 53 silver Myddelton tokens were struck, and fewer than 20 are believed to have survived. The present example is among the finest certified and exhibits deep blue, russet, and rose iridescent toning. The strike is a bit soft, but there are no marks of significance. This is the only PR65 example certified by PCGS, with just one finer (6/10). Listed on page 73 of the 2011 Guide Book. (PCGS# 649)

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