Noe 3-C, Salmon 3-D variety, one of perhaps 10 examples in private hands. 69.75 grains.

One of just a few New England Shillings we’ve handled through the years, this is an all original, coin-gray, Choice XF that is quite well made for the type and struck on a nice, relatively smooth planchet (which is seldom the case on this often wavy, crinkled, scratched, dented or otherwise impaired issue).

In the last couple of years coins of similar quality have sold for as much as $415,000, which at the time seemed appropriate based on the incredible demand that has always existed for this the first coin struck in British North America.

But here in 2015, based on the recent dispersal of a few significant, long term colonial collections containing a total of 13 New England Shillings(!), there is a fleeting opportunity to acquire a lovely specimen of this type for a more affordable price.

It is important to note, though, that even among these 13 pieces, 5 were AU53 or finer (and thus considerably more expensive than this example), 3 were VF35 or lower and 1 was impaired and not gradable.  Leaving 4 coins graded XF40-45 of which 1 was incompletely struck, and another was bent and straightened.  Making this one of just 2 really Choice XF pieces offering what to us was an irresistible combination of condition, eye appeal and value.

Ex Stack’s-Bowers March 2015 sale of the Henry P. Kendall Foundation Collection, lot #2306; early purchased from Lester Merkin on March 1, 1976.

Note that this coin has been verified by CAC.

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