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January 2022 NYINC Auction  14-16 Jan 2022
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Lot 1265

Starting price: 1800 USD
Price realized: 3400 USD
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GREAT BRITAIN. Commonwealth. Shilling, 1658. London Mint. Oliver Cromwell (as Lord Protector). PCGS MS-62.
S-3228; KM-A207; N-2745. Superb in almost every facet, this Cromwellian issue has breathtaking golden highlights on pristine fields and devices, and only a bit of die rust prevents this specimen from reaching an even higher grade. For the most advanced of British milled coin collections.
Oliver Cromwell’s rise to power is the most unlikely of all the men and women who ever ruled England. Born outside of nobility in Huntingdon, he was first appointed to Parliament in the 1620s and his inconsistent stays in Parliament did not amount to much in this early period of his life. After armed hostility between Charles I and Parliament broke out in 1642, Cromwell volunteered to join the Parliamentarian faction, despite having limited military experience. Cromwell proved a deft leader and rose the military ladder to ever increasing commands. After inconclusive fighting resumed in 1648, Cromwell put down Royalist armies decisively. Cromwell signed Charles I death warrant and 1649 the end of Charles meant the establishment of a new English Commonwealth. With a long history of monarchial rule, England was unsettled for the first time without having a powerful executive, and infighting began in Parliament. Cromwell was offered the title “Lord Protector” which was an executive for life and a hereditary office. Despite having essentially unchecked power, Cromwell was progressive in some ways, for instance he encouraged the return of Jews to England. In 1657 Parliament offered him the crown, and Cromwell had to weigh if he was willing to accept the title, he worked so hard to abolish. Cromwell ultimately turned the offer down, and power passed to his son Richard upon his death in 1658. Richard proved unlike his father and had no interest in either military or political affairs. Owning to this, merely two years after his death a monarch once again ruled over England. However, all monarchs after Cromwell were different than those before, after Cromwell it was clearly the will of Parliament that ruled, ahead of that of the monarchy. During Cromwell’s rulership, the first milled coins were struck in England. To view all items from the Paul C. Runze Collection, click here.

From the Paul C. Runze Collection.

Estimate: $3000 - $5000
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