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ANA Signature US Coin Sale 1258  2-6 Aug 2017
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Lot 3801

Starting price: 1 USD
Price realized: 140 000 USD
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Colonials
(1652) SHILNG New England Shilling XF45 PCGS Secure. CAC. Noe 1-A, W-40, Salmon 1-B, High R.6. Coinage in Colonial America consisted of various European and Spanish-American coins, and most commerce was conducted on a barter system. Counterfeiting became such a problem that Massachusetts passed a Mint act on May 27, 1652. John Hull was appointed mint-master, and he began the operation with production of the famous NE silver coinage. Issued in three denominations, these undated pieces had NE punched on one side, and the denomination (III, VI, or XII) on the other side, positioned at the top of the obverse and the bottom of the reverse so that the punches would not interfere with each other.
Although the exact mintage is unknown, the shillings were minted in the greatest quantity, and six die varieties are known, produced from three NE punches and three XII punches. In his outstanding article, "Early Massachusetts Silver-NE Types," that was published in the August 2010 issue of The Colonial Newsletter, Jack Howes published a census of 56 NE shillings known to him. Three varieties, Noe 1-A, 2-A, and 3-C, account for 42 of those pieces.
Nearly half of the existing population of Noe 1-A New England shillings will be found in museums, including three examples in the British Museum, and one each in the Hunterian Museum (Glasgow), the Smithsonian Institution, the American Numismatic Society, and the Colonial Williamsburg Collection. In addition to those seven institutional examples, eight pieces are known in private hands, including the present example that was not recorded in Howes' Census.
This original antique silver example has bold punches, with only the upper right part of the E merged into the surrounding surface. Delicate splashes of gold and pale blue toning enhance the overall appearance. The hand-cut flan is nearly round and well crafted. A small dent and a few other insignificant marks are evident on this pleasing, original NE shilling. Population for all NE varieties: 3 in 45, 12 finer. CAC: 2 in 45, 5 finer (5/17).
Ex: Stack's (9/9/1981); Henry P. Kendall Foundation (Stack's Bowers, 3/2015), lot 2301; Surf City Collection.
From The Don Willis Collection of US Colonial Coinage

HID02901242017
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