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.
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
The coin: 1652 Pine Tree shilling,
Large Planchet, Mint State 63, $47,000
Massachusetts Pine Tree shillings are among the textbook Early
This Mint State 63 example is of
“superlative quality” as noted by Heritage, which adds, “The
irregularly shaped planchet displays a crisp and well-centered strike,
with the majority of the designs present and exhibiting strong
definition. Beautifully toned, with hues of champagne, gold,
blue-green, pink, sea-green, and lavender.”
The design is
uncommonly beautiful for the series with asymmetrical tree
Though carrying the date of 1652 on the
reverse, Pine Tree shillings on large planchets (ranging from 27 to 31
millimeters in diameter, as opposed to small planchets of 22 to 26
millimeters in diameter) were struck circa 1667 to 1682.
The large planchet was utilized to put the Massachusetts pieces in
line with contemporary English coins, but the weight was kept at a
standard 72 grains. At 73.8 grains, this Mint State example weighs
slightly more than that.
Read the rest of Roach's Market Analysis column: