The following post is pulled from Coin World editor Steve Roach’s
Market Analysis column in the June 16 issue.
Heritage Auction’s fourth sale of the varied numismatic
collections of St. Louis numismatist Eric P. Newman took place in New
York City on May 16 and May 17. In total, the two days of auctions
realized more than $11 million.
The Market Analysis column in the June 9 issue
looked at three pieces at the $100, $500 and $1,000 levels.
This coin is among three fascinating pieces from Newman IV that
each sold around the $50,000 level.
The coin: 1739
Higley copper, Good 4, $54,343.75
Higley coppers are mysterious in that numismatists are unsure who
struck them. They are named after Dr. Samuel Higley, who owned a
copper mine in Connecticut; he died at sea in May 1737 while
delivering a load of copper ore to England. Tokens of the type
carrying a date of 1737 and 1739 are known, and many are
This example is one of just seven pieces known
of the specific variety, characterized by the presence of the date —
1739 — just below the blade of the axe on the reverse.
In total seven obverse and four reverse dies were used to strike
Higley coppers. The coppers generally either provide a value of three
pence or invite users, “value me as you please.” If people who would
use the coin in contemporary commerce had any doubts, some examples
carry the reverse legend I AM GOOD COPPER.
particular example has the VALUE ME AS YOU PLEASE obverse while the
reverse has a broad axe with the error legend J CUT MY WAY
Higley coppers often have some damage. This
piece, graded Good 4 by Numismatic Guaranty Corp., brought $54,343.75.
Read the rest of Roach's Market Analysis column: