Early American coins focus of fourth Eric P. Newman Collection sale

Heritage’s May 16–17 auction begins with Colonial, State issues
By , Coin World
Published : 05/02/14
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The Newman IV auction offers an NGC Extremely Fine 40 1772 British gold guinea bearing Burger’s counterstamp in an oval cartouche punched into the eye of the portrait of King George III.

At 125 grains, the coin is one grain below the accepted standard for a gold guinea.

Massachusetts silver

One wonders how a Massachusetts silver coin can survive in approximately the same condition it appeared when struck more than 360 years ago.

Among the examples offered in the Newman IV auction are a 1652 Pine Tree, Large Planchet shilling, cataloged as Noe 7 in The Silver Coins of Massachusetts by Sydney P. Noe), graded NGC Mint State 64, and a 1652 Oak Tree, IN at Bottom, shilling, Noe 4, graded NGC MS-65.

According to Christopher J. Salmon, author of the 2010 reference The Silver Coins of Massachusetts: Classification, Minting Technique, Atlas, the variety is sometimes referred to as the “Tall Tree” variety. Salmon attributes the Noe 7 Pine Tree shilling as Salmon 6-Dii in his cataloging system.

According to Salmon, “The tree is beautifully and realistically rendered with a narrow tapering trunk arising from a ground line that appears to consist entirely of roots which abundantly fill the foreground.”

Salmon writes that the reverse of the Salmon 6-Dii Pine Tree shilling is recut from the reverse die used to strike the Salmon 5-Di variety.

Newman’s 1652 Oak Tree, Noe 4 shilling is identified as one of the finest known examples.

Although dated 1652, the silver Oak Tree coinage was actually produced between 1660 and 1667.

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