Newman 1-A, W-1130 variety, with the HB legend error (instead of the correct HIB).  Considered to be High Rarity-6.

One of the rare original issues in this series definitively known to have been struck in 1688 and missing from the Roper, Picker, Garrett, Norweb and Oechsner sales, as well as many other important Colonial offerings through the years. 

Interestingly, the record will reflect that this type was also missing from the Ford Collection despite the fact that this very coin was actually in that sale, as this piece was mis-attributed there as a "regular" variety.

And while these do occasionally appear on the market, the few we’ve seen are typically circulated and impaired in some way, often with tin pest, mechanical damage, edge issues or some combination of the above.

But this is a lovely, lustrous, original unc. that is the single finest example at PCGS, and the single finest we’ve ever had the chance to buy, with considerable brilliant mint luster remaining on the obverse and reverse.

Ex-Stack’s January 2005 sale of the John J. Ford Jr. Collection as noted, Part VII, lot #135; earlier Chapman’s June 1914 sale of the George Parsons Collection, lot #36.

$29,750

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