1652 SHILNG Pine Tree Shilling, Large Planchet, Reversed N...Click the image to load the highest resolution version.
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1652 Pine Tree Shilling, MS64
1652 SHILNG Pine Tree Shilling, Large Planchet, Reversed N, MS64
PCGS. Noe-4, W-720, Salmon 4-D, R.4. 71.45 grains. Die
alignment: 360˚. A beautifully preserved large planchet Pine Tree
shilling and an ideal example of the type. The obverse is almost
perfectly centered, with the legends entirely on the planchet and
only the slightest displacement toward 6 o'clock. Each letter is
distinct, and the central tree is bold. The reverse is nearly as
well centered, with only the uppermost edge of the E of EИGLAND
being off-planchet. These pieces were struck using a rocker press
in what we now call "medal-turn" orientation, with both sides
facing in the same direction. The reverse is also slightly skewed
toward 6 o'clock, and the undulating effects of the rocker press
can be seen at AND of EИGLAND. This is the earliest state of the
obverse die. The reverse die is also in an early state, with the
die flaws to the left of XII and on the right diagonal of the M of
DOM found on all specimens. Rose and gold coloring with blue-gray
undertones attests to the originality of this Noe-4 shilling and
does much to make it stand out from the few other Uncirculated
Large Planchet Noe-4
Second Auction Appearance Since 1904
The April 27-29, 1904 sale of the John Mills Collection, cataloged by S.H. and Henry Chapman of Philadelphia, was the first sale in which Robert Garrett, son of T. Harrison Garrett (who died in 1888) participated. He did so to the extent of $849.55, a hefty sum, which included $30 for the purchase of this coin, lot 35 in the sale, described by the Chapmans as a "Magnificent, uncirculated specimen." From Robert, the collection passed to his brother John Work Garrett, and thence to Johns Hopkins University, where it remained until the 1980 Bowers & Ruddy sale, where it was described as "One of the finest known examples of any Pine Tree issue," and brought the extraordinary price for the time of $35,000. Our consignor, Alan Weinberg, recalls purchasing this piece in that sale:
"This Pine Tree shilling is the finest condition Massachusetts silver piece of any variety I have seen in 60 years. I distinctly recall winning this out of the Garrett sale for $35,000, the bids being literally shouted out in $5,000 jumps according to my extensive catalog notes. The prooflike and iridescent surfaces are unsurpassable for any colonial coin. In the same Garrett sale I won a Choice Uncirculated Noe-1 Pine Tree shilling for $13,000, so the $35,000 winning bid on this Noe-4 reflects the attending bidders' enthusiasm for this superb coin."
The 1980 Garrett catalog correctly identified this coin as being from the 1904 Mills sale, but further claimed that it was previously in the collection of Sylvester S. Crosby. This is incorrect: the Crosby sale did not include a Noe-4 (what John W. Haseltine, the cataloger, would have called a Crosby 5-B1). The Crosby Collection did include a Very Fine Crosby 5-B2 (Noe-5) that was sold to T. Harrison Garrett, and that piece was likely confused at some point with the present shilling, purchased in 1904 by Robert Garrett, one of Harrison's sons. Regardless, the fact remains that the buyer of this exquisite coin will be only its third owner since 1904. This coin was part of the landmark exhibition of Massachusetts silver coinage at the American Numismatic Society in 1991 (Kleeberg catalog No. 88). Population (for large planchet designation): 6 in 64 (1 in MS64+), 0 higher (10/19). Listed on page 41 of the 2020 Guide Book.
Ex: John G. Mills (S.H. & H. Chapman, 4/1904), lot 35; Garrett Family (Bowers & Ruddy, 10/1980), lot 1217.
From The Alan V. Weinberg Collection, Part III. (NGC ID# 2ARX, Variety PCGS# 45372, Base PCGS# 23)
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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