(C. 1670) TOKEN New Yorke Token, Brass, Breen-245, W-1705, R.6, XF40 PCGS. ...

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Sold on Aug 14, 2019 for:

$48,068.40 Bid Source: Internet bidder

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Circa 1670 New Yorke Token, XF40
The Second Finest Known W-1705

(C. 1670) TOKEN New Yorke Token, Brass, Breen-245, W-1705, R.6, XF40 PCGS. This important American token recalls the early days of colonial New Yorke, before the spelling was changed to the present day New York. Only about 20 examples survive from a small emission, including one in the Smithsonian Institution and two in the ANS Collection. This piece is the second finest of the known examples, previously offered over six years ago as part of the Ted L. Craige Collection. Golden-brown patina accompanies areas of light yellow on this attractive example that has slight evidence of an incomplete planchet at 9 o'clock and 3 o'clock. In addition to the approximately 20 brass examples, there are four examples struck in lead.

Francis Lovelace served as the second colonial governor of New Yorke from 1668 to 1673. He was born in England about 1675, and died there in 1675, living the last couple years in poverty. During his administration of New Yorke, Lovelace acquired Staten Island from the Native Americans. He was also responsible for losing the colony to the Dutch in 1673, returning to England in disgrace. The next administration of New Yorke was under John Lovelace who assumed the governorship in 1708. He was no relation to Francis. All of the evidence suggests that these coins were issued sometime during the five year period from 1668 to 1673.
Ex: Ted L. Craige Collection (Stack's Bowers, 3/2013), lot 196, which realized $94,000.

Coin Index Numbers: (NGC ID# AUBK, PCGS# 226, Greysheet# 388)

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