Description

    Extremely Rare New England Shilling, VF20 PCGS

    Undated (1652) SHILNG New England Shilling VF20 PCGS. Breen-8, Noe-III-C. 70.8 grains. By the 1630s, the British mercantilist system had virtually stripped the Massachusetts Bay Colony of circulating specie. Furthermore, royal edicts forbade the colony from producing its own coinage to fill the void. During the late 1640s, however, King Charles I was executed, royalist forces were defeated at the Battle of Worcester, and the royal edicts lost the enforcement power that they possessed before the English Revolution. In May 1652, the General Court of the Massachusetts Bay Colony authorized John Hull and Robert Saunderson to produce silver disks of proper weight for Shilling, Sixpence, and Threepence denominations. These were the first coins produced in what is now the United States.
    All examples were delivered between June 11 and October 19, 1652. The ease with which these simple-design coins could be clipped and passed at full value led to their replacement by the Willow Tree issues in 1653. Hence their extreme rarity today.
    The NE inscription for New England appears on the obverse of the Shilling, Sixpence, and Threepence. The denomination XII, for Twelvepence, or one Shilling, is prominent on the reverse of the largest denomination. Six varieties of NE Shillings are known, and the number of survivors for all of these die marriages totals only 50 coins, or thereabouts.
    The present example displays original, medium gray color with a relatively smooth planchet for its grade level. The NE inscription on the obverse is quite weakly struck, while the denomination XII on the reverse is much more distinct, although a little worn. There are some planchet flaws (as struck) near the upper obverse border, and these features explain why the NE inscription is not well defined.
    Despite having bought, sold, and auctioned more than $2 billion in rare coins, this is the first NE Shilling that we have handled in the 18 years since Heritage co-owner Jim Halperin moved from Boston to Dallas--a clear indicator of this Colonial issue's extreme rarity. Listed on page 16 of the 2001 Guide Book.
    Ex: Bowers & Ruddy Rare Coin Review (No. 16, 1972), where it sold for $5,950; Springfield Collection (Bowers & Ruddy, 9/81), lot 1703, where it realized $8,000.
    From the Collection of Dr. Joseph M. Seventko. (NGC ID# 2AR9, PCGS# 13)


    Fees, Shipping, and Handling Description: (view shipping information)

    Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    August, 2001
    6th-11th Monday-Saturday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 1,042
    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2018 April 20 - 24 CCE World Coins Signature Auction - Chicago.

    Learn about consigning with us

    I want especially to thank you for your courtesy and professionalism. I felt taken care of.
    Stephen M.,
    New York, NY
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 November 2 - 4 US Coins Signature Auction - Dallas
    2017 November 2 - 4 US Coins Signature Auction - Dallas
    REALIZED $9,915,667
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    REALIZED $5,398,244
    2017 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas
    2017 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas
    REALIZED $1,987,881