Breen-1, W-11465 Large Sails variety. Considered to be Rarity-7.
A great rarity in the colonial series with most of the few survivors now locked up in long term collections or impounded in institutional holdings at Colonial Williamsburg and the Bank of Bermuda.
And while this one is not perfect, with typically (for the issue) wavy surfaces, the green patina seen on these coins, and a planchet clip at 1 o’clock on the obverse, it does display a relatively bold hog and sharp denomination, with the all-important reverse sails bold and clear.
It is also in this author’s view more appealing than the XF40 piece sold by Stack’s in 2007 with deep scratches on the obverse which realized $109,250, and a considerable step up from the NGC F12 piece sold at Heritage in 2014 which realized $58,750 here.
Making this well-pedigreed PCGS VF25 example a solid value in our view, and likely the finest example obtainable for the foreseeable future.
Ex Stack’s March 2015 sale of the Henry P. Kendall Foundation Collection, lot #245; earlier the 1988 Breen Encyclopedia Plate Coin; earlier Mayflower Coin Auctions’ December 1966 sale of the C.H. Stearns Collection, lot #2; earlier believed to be from New York Coin and Stamp Company’s June 1890 sale of the Lorin G. Parmelee Collection, lot #650.
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