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1774/3 SHILNG Virginia Shilling PR58 NGC. Encyclopedia-182, W-1695, R.7. ...
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Sold on May 16, 2014 for:
$94,000.00
Bid Source: Live: Floor bidder
Description
1774/3 Virginia Shilling, PR58
Whitman-1695, Silver Pattern
The Newman Plate Example
1774/3 SHILNG Virginia Shilling PR58 NGC. Encyclopedia-182,
W-1695, R.7. 86.8 grains. 99% silver. Medallic alignment. An
extremely rare non-denominational issue, the Virginia silver coin
is traditionally called a shilling in numismatic literature,
although no evidence exists to support that denominational label.
The obverse die is identical to the George III gold guineas dated
1774 to 1786, while the reverse is the same style as the Virginia
halfpence, except for the date. The reverse has eight harp strings,
similar to six reverse dies of the halfpence, but identical to none
of those dies. Sources suggest that Thomas Pingo, assistant
engraver at the Royal Mint from 1771 to 1776, was the artist who
engraved these dies. Chief engraver Richard Yeo reportedly produced
the Virginia halfpence dies.This is the first Virginia shilling that we have handled during the four decade history of our firm. Eric P. Newman knew of four examples in 1956, including this coin from his own collection that served as the plate coin in Coinage for Colonial Virginia. Today there are five known examples. Two examples are held in museum collections, leaving just three available to collectors.
This example shows a trace of rub on the high points, with lovely pewter-gray surfaces that exhibit delicate blue and iridescent toning. A few inconsequential marks are noted on each side. Of interest, the obverse and reverse of this coin was plated in the classic paper on Virginia coinage by Eric P. Newman.
Ex: Eric P. Newman Numismatic Education Society.
Census of the 1774/3 Virginia Shilling
PR58 NGC. Eric P. Newman Numismatic Education Society. The present piece, probably acquired in the 1940s from B.G. Johnson.
Proof. Page; Dr. Thomas Hall; Virgil M. Brand; Brand Estate; B. Max Mehl (privately, 1/11/1937); Norweb Collection; Smithsonian Institution. Certain past references have recorded a second example in the Norweb Collection, although no such coin appeared in any of the Norweb sales.
Proof. Gschwend Collection; Col. James W. Ellsworth Collection; Garrett Collection (Bowers and Ruddy, 10/1980), lot 1294; private collection. Plated in Walter Breen's Complete Encyclopedia.
Proof. Roper Collection (Stack's, 12/1983), lot 131; private collection.
Gem Proof. Colonial Williamsburg Foundation. Ex: James Ten Eyck (B. Max Mehl, 5/1922), lot 832; Virgil Brand; F.C.C. Boyd; Boyd Estate; John J. Ford, Jr. (Stack's, 1/2005), lot 98. Plated in the Whitman Colonial Encyclopedia, and at the Colonial Williamsburg website, history.org http://history.org/ .
Coin Index Numbers: (NGC ID# AXYN, PCGS# 249, Greysheet# 326)
Auction Info
2014 May 16 - 17 Selections from the Eric P. Newman Collection IV Signature Auction - New York #1199 (go to Auction Home page)
Auction Dates
May, 2014
16th-17th
Friday-Saturday
Bids + Registered Phone Bidders: 24
Lot Tracking Activity: N/A
Page Views: 5,543
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
Truth Seeker: The Life of Eric P. Newman (softcover)
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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