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(1688) TOKEN American Plantation Token, Transposed Arms VF30 NGC. N. 2-G, W-1140, R.7. ...
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Description
(1688) American Plantations Token, VF30
Newman 2-G, Transposed Arms
(1688) TOKEN American Plantation Token, Transposed Arms VF30
NGC. N. 2-G, W-1140, R.7. 133.4 grains. An example of the
Newman 2-G variety, this piece is composed of 95% tin, 3% copper,
and 2% trace elements. The Spanish Eight Reales coins were divided
into smaller pieces known as bits, with eight bits to the dollar.
The 1/24th real required 192 coins to equal the Piece of Eight. The
original coiners of these pieces noted that they had the sterling
equivalent of a British farthing. An engraving blunder resulted in
the Transposed Arms variety with the harp in the eastern quadrant
on the reverse. Only about 10 to 12 examples of this classic
variety are known. This piece has considerable deep steel patina on
its light gray surfaces, with minor surface marks and a few faint
scratches.Ex: Eric P. Newman Numismatic Education Society.
Auction Info
Buyer's Premium per Lot:
17.5% of the successful bid (minimum $14) per lot.
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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