A remarkable coin from the 17th century is making headlines because it could sell for about $300,000 at an auction in London next month. This coin, known as a one shilling, was made in Boston in 1652. It is one of the few that still exist today and has a fascinating history. Let’s explore the details about this rare coin and its importance.
What is the Coin?
The coin is a silver one shilling that was minted in Boston, Massachusetts, during the mid-17th century. When it was created, it was worth just a few pennies. Today, however, this specific coin is considered the best example of the approximately 40 such coins that remain. Auctioneer Morton & Eden Ltd, which is handling the auction, stated that the coin was discovered in the UK inside a candy tin filled with many older coins.
Coin Overview
| Feature | Details |
|---|---|
| Type | Silver One Shilling |
| Minted in | Boston, Massachusetts |
| Year | 1652 |
| Number Known | About 40 coins |
| Current Estimated Value | $300,000 |
| Design Features | NE (New England) on one side; Roman numeral XII (12 pennies) on the other |
The Coin’s History
The one shilling coin was created by a man named John Hull, who was appointed by the Massachusetts General Court to produce the first silver coinage in North America. Hull and his assistant, Robert Sanderson, were responsible for minting these coins in Boston. Unfortunately, the mint was shut down in 1682 because King Charles II deemed it treasonous.
The Discovery
This particular coin was described as the “star of the collection” by James Morton, the auctioneer’s coin specialist. He expressed his surprise upon realizing the significance of the coin. The auction will feature the coin along with other early American coins and is scheduled for November 26.
Jim Bailey, a coin expert from Rhode Island, called the coin a “phenomenal discovery” and noted that its appeal is remarkable due to its rarity and historical value.
The Auction
The auction is expected to attract significant interest due to the coin’s historical context and rarity. The coin was brought to the auction house by Wentworth “Wenty” Beaumont. His father discovered it in a tin located in their family estate in northern England. Beaumont’s family has roots tracing back to early New England settlers, with one ancestor believed to have arrived in the Colonies in 1636.
Wenty Beaumont speculated that the coin may have been brought back from America by one of his ancestors. The Wentworth family became a prominent name in New Hampshire.
Conclusion
This rare 17th-century coin not only represents a piece of American history but also highlights the stories of families who lived during that time. The upcoming auction will provide a unique opportunity for collectors and history enthusiasts to own a significant artifact. With only about 40 of these coins known to exist, the auction is expected to attract bidders eager to add this extraordinary piece to their collection. The excitement surrounding the auction and the history of the coin reminds us how valuable our past can be.
FAQ’s
What is the value of the rare Colonial coin?
The rare Colonial coin, a one shilling minted in Boston in 1652, is estimated to sell for around $300,000 at auction.
How many of these Colonial coins still exist?
Approximately 40 of these 17th-century one shilling coins are known to still exist today.
Where was the coin found before the auction?
The coin was discovered in a candy tin in the UK, filled with other older coins, and was brought to auction by Wentworth Beaumont, whose family has historical ties to New England.
