(1659) SHILNG Lord Baltimore Shilling VF25 PCGS. Breen-64. ...

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Sold on Aug 11, 2010 for:

$16,100.00 Bid Source: Mail/Fax bidder

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Lord Baltimore Shilling, VF25
Struck Without Legal Authority

(1659) SHILNG Lord Baltimore Shilling VF25 PCGS. Breen-64. On June 20, 1632 Cecil Calvert, the second Lord Baltimore, was granted a charter for the approximately 10 million acres in America that had been given to his father as a reward by Charles I. The colony, named Maryland for Henrietta Maria, queen consort of Charles I, quickly became an important producer of tobacco in the Chesapeake area. In fact, the crop was grown so successfully that it suffered severe deflation, and by 1650 the colonists were near rebellion. Several years later Calvert temporarily lost his control to a group of Puritans. In an effort to replace tobacco as the medium of exchange, and perhaps also to assert his authority as governor, in 1658 Calvert commissioned a coinage for the colony. Although the charter granted him no authority to issue coins, Calvert had silver shillings, sixpence, groats, and rare copper denarium patterns struck.
Pleasing gunmetal-gray patina covers both sides of this appealing representative. The center of the obverse is softly struck, as often seen on these issues, but the reverse is boldly defined. Scattered light abrasions are grade-consistent. Listed on page 38 of the 2011 Guide Book.

Coin Index Numbers: (NGC ID# 2U3L, PCGS# 34, Greysheet# 383)

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