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    (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.

    View Certification Details from NGC

    Auction Info

    Auction Dates
    May, 2014
    16th-17th Friday-Saturday
    Bids + Registered Phone Bidders: 23
    Lot Tracking Activity: N/A
    Page Views: 791

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) 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.
    Sold on May 17, 2014 for: Sign-in or Join (free & quick)
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