Rare coin minted in Colonial New England sells for $350,000

Rare coin minted in Colonial New England sells for $350,000

Boston One of the first coins minted in Colonial New England, which was recently found among others in a candy box, has sold at auction for more than $350,000, more than expected, the auctioneer said Friday.

London-based Morton & Eden Ltd said in a statement that the Boston-made 1652 single shilling silver coin – which is the best example of a few dozen such coins still in existence – has been sold to an anonymous online bidder from the United States. United. .

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The auctioneer had expected to sell it for about $300,000.

“I am not surprised by the amount of interest this exceptional coin has attracted. The price paid, which was above appreciation, reflects its extraordinary historical significance and outstanding original state of preservation,” numismatics James Morton said in a statement.

Prior to 1652, coins from England, Holland, the Spanish Empire, and other countries were used as currency in New England.

But the shortage of coins prompted the Massachusetts General Court to appoint John Hull as the Boston Mint Master, responsible for producing the first silver coins in North America. The mint, deemed treasonous by King Charles II, was closed in 1682, according to the auction.

The simple coin has the Northeast New England initials on one side, and the twelfth Roman numeral, representing 12 shilling pence, on the other.

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Wentworth “Wenty” Beaumont sent the coin up for auction, as his father had recently found it in a candy box containing hundreds of old coins in his office at his family’s home in England.

Beaumont is a descendant of William Wentworth, one of the first settlers of New England. The Wentworth family became one of the most prominent families in New Hampshire.

Beaumont speculated that one of the ancestors brought currency to the United Kingdom from the colonies.

Several other rare American coins were also sold at auction, including a pair of $1,776 pewters that fetched nearly $80,000 each, and a bronze Libertas Americana medal that fetched more than $17,000.

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