The following post is pulled from Coin World editor Steve
Roach’s Market Analysis column in the Dec. 15 issue.
Nova Constellatio coppers are
A Guide Book of United States Coins
under “Speculative Issues,
Tokens, and Patterns.” These pieces are dated 1783 and 1785, do not
clearly state a denomination on either side, and were struck in
large quantities in Birmingham, England. They circulated widely in
New York and are well-loved for their all-seeing eye on the obverse.
The simple design has made it popular with generations of collectors
including St. Louis’
Eric P. Newman.
Here is one of three Coin World is profiling that sold at Heritage’s Nov. 14 and
15 auction of selections from his collection.
coin: 1785 Nova Constellatio Copper, EF-45
The story: Newman was an
expert in many areas, including Nova Constellatio coinage. His article
“New Thoughts on the Nova Constellatio Private Copper Coinage”
appeared in the 1995 Coinage of the
American Confederation Period compilation, edited by Philip L.
Mossman and published by the American Numismatic Society.
A collector seeking a representative example of this type would do
well purchasing this example, graded Extremely Fine 45 and of a
moderately scarce variant of the Pointed Rays, Large Date style.
Heritage described it as “a charming chocolate-brown” representative
with “minimally abraded and verdigris-free surfaces.”
It sold for $1,057.50, just between the Extremely Fine and About
Uncirculated price listed for the most common variant in the “Red Book.”
Read the rest of the "Newman's Novas" Market Analysis:
Counterfeit 1785 Nova
Constellatio copper that sold for $7,050 a unique piece
1783 Nova Constellatio copper graded MS-66 sells for $41,125
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