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(1659) 4PENCE Lord Baltimore Fourpence MS62 NGC....
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Sold on May 29, 2008 for:
$63,250.00
Bid Source: Live: Phone bidder
Description
Very Rare Lord Baltimore Fourpence
MS62, Single Finest Certified
(1659) 4PENCE Lord Baltimore Fourpence MS62 NGC. Ex: Wayte
Raymond Plate. Breen-74. Large Bust and Shield. There are two
different varieties of the Maryland Groat currently known, with
either a large bust or a small bust as cataloged by Breen. The
actual size of the bust is not that much different on either
variety, but is different in relation to the lettering. This large
bust variety, which is the more common, has the bottom curve of the
bust nearly touching the lettering below. Most examples of this
variety currently known are in low grades. Just two examples of the
other variety with the bust distant from the lettering are
currently known, according to Breen in his Complete
Encyclopedia. We are currently aware of only three other
comparable examples, from the Eliasberg, Garrett, and Roper
collections. The comprehensive collection of John J. Ford, Jr.,
currently be auctioned by Stack's, did not include an example of
this denomination.Not only is this remarkable example important because of its condition, but also because it is fully double struck, with evidence clearly visible on both sides. The first strike was several degrees off center, and rotated with respect to the second strike. We cannot be certain whether this is the finest known Maryland Groat or not, but it is certainly well in the Condition Census. It is also important as the Wayte Raymond Plate Coin, per the NGC holder. This is undoubtedly a reference to Raymond's Standard Catalog, the chief competitor of the Guide Book for its first decade of life. The surfaces are smooth and satiny with rich grayish-silver color accented by peripheral iridescent toning.
Cecil Calvert had his coins made in London sometime in 1659, and transported them to Maryland at the time they were produced. Different sources have placed the actual time of minting between 1658 and 1660. Older records suggest that his subsequent arrest was due to the appearance of his portrait on the coins, but it is now understood that his arrest was actually due to the production and exportation of his own coinage from Europe to colonial America. Listed on page 38 of the 2008 Guide Book.
From The Liberty Collection of American Colonial Coinage, Part Three.
Coin Index Numbers: (NGC ID# 2U3J, PCGS# 32, Greysheet# 378)
View all of [The Liberty Collection of U.S. Colonial Coins, Part Three ]
Auction Info
2008 May Long Beach, CA Signature Auction #1108 (go to Auction Home page)
Auction Dates
May-Jun, 2008
28th-2nd
Wednesday-Monday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 7,772
Buyer's Premium per Lot:
15% of the successful bid per lot.
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