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1652 Oak Tree Threepence Found Buried...

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 Posted 09/08/2014  3:00 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Beautiful coin! Definitely brought over via vessel by someone. I am willing to bet it was more of a curiosity piece rather than meant as money.
It appears to have been lost soon after arriving otherwise I'd expect to see some wear. Noe-23 and I'm expecting high 5 figures come hammer time maybe 6 as these are fairly elusive.
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 Posted 09/08/2014  5:58 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
It might have been accepted. At the time there was another if their periodic coin shortages and merchants were making their own toke coinages much like they later did with the Conder tokens. But at that time they were being made of silver as half pence and pence. They were about that size and had a similar crude appearance. With a largely illiterate population this three pence could have passed.
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 Posted 09/08/2014  7:02 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
No expertise on the coin ... simply acknowledging the outstanding news of this find.

David
Take a look at my other hobby ... http://www.jk-dk.art
Too many hobbies .... too much work .... not enough time.
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 Posted 09/08/2014  8:08 pm  Show Profile   Bookmark this reply Add judd1552 to your friends list
Too bad most of the sheeple who fell victim to the erroneous reporting of The Daily Mail are all lathered up about not much. The reporter who claimed it to possibly be worth 1 million pounds sterling obviously didn't recognize or understand the difference in condition rarity between an Oak Tree 3d and a Willow Tree 3d. This dug Oak Tree coin is worth more like $13K - $15K USD. The Daily Mail couldn't possibly let facts get in the way of a feel good story !
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 Posted 09/09/2014  3:24 pm  Show Profile   Bookmark this reply Add westcoin to your friends list

Quote:
I am willing to bet it was more of a curiosity piece rather than meant as money.

I agree probably someone that acquired this in the normal mode of commerce while traveling to the new world, and just brought it home as a souvenir.


Quote:
This dug Oak Tree coin is worth more like $13K - $15K USD


Depending on which Noe variety it is (I'm no expert on the series at all), it could be one of the super rare varieties possibly? It does seem to be one of the "IN" varieties. I don't have the rare Noe book in my library yet, I've been watching for an inexpensive copy.

"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1982, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, & Numismatic Bibliomania Society member (NBS) Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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 Posted 09/10/2014  11:20 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
Is it an oak tree or willow tree? The willow tree is the one that is worth a heckuva lot of money as three are currently known to exist. $15,000 to $20,000 is about right for an oak tree.
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 Posted 09/11/2014  10:33 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
Looks like an Oak tree. The tree on the images of Willow tree coins I have seen is a lot more abstract.
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 Posted 09/11/2014  12:53 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list
One wonders if it is authentic, since I think there were contemporary fakes.
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 Posted 09/18/2023  2:00 pm  Show Profile   Bookmark this reply Add steelheadwill to your friends list
The Massachusetts General Court established a standard of 72 grains of .925 fine sterling silver to the shilling, smaller denoms followed this standard, which represented a 22.5% reduction of the English standard of 92.9 grains per shilling.
Commerce on the home isles surely wouldn't accept this coinage at face.
none the less, another example of Mass silvers wide distribution and popularity in its era.
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 Posted 09/18/2023  5:37 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list
The highest price on Heritage for an oak tree threepence was $37k back in 2007 for an MS62. Another AU53 in 2019 for $36k. No idea where they got $1.7m.
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 Posted 12/02/2023  9:46 pm  Show Profile   Bookmark this reply Add westcoin to your friends list
I know this is a really old thread, but I've been working on cataloging St. James and Baldwin's Auction catalogs in my library (seeing this one jogged my memory) and I remembered making a post about this coin when I came across the catalog. Thought I'd update it finally and give the thread some closure...

(yep almost a decade later).

Here is the full description from St. James & Knightsbridge Coins catalogue (UK spelling mode activated).


The coin was featured and mentioned in the front of the catalogue as the cover coin front and center.


Coin did NOT sell for $1.2 million as we discussed in the thread, it was actually quite the bargain selling at £5,200 + 20% so in USD that comes out to $7,756 today + S&H so maybe add another $30 or so. (That's about what they charged me on my last auction winnings to ship to the USA signed and insured).

I found it interesting that it sold for so little after being hyped online and in the press in the UK. I'm sure it would have done better if it had been sold in the USA. There was also a nice 1799 US Silver dollar that looked like a high end AU which sold for £9,000 or about $13,500 in the same sale. Those two coins were some of the highest priced items in the sale.

One more note, for those that are not familiar with Knightsbridge Coins, that is Stephen Fenton's company, he is the guy that was caught selling/brokering the 1933 St. Gaudens double eagle gold coin. He was exonerated and the coin became the only legal example to own. (side note: I was in his shop in London with the 1933 in the safe, of course I didn't know that at the time, but I was closer to it than most before it was publicly known).

"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1982, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, & Numismatic Bibliomania Society member (NBS) Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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 Posted 12/02/2023  11:05 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list
Pretty awesome find!
Errers and Varietys.
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 Posted 12/02/2023  11:38 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list

Quote:
I'm sure it would have done better if it had been sold in the USA
I agree. UK doesn't seem like the best place to auction Colonial silver and being told $1.2M it seems like they weren't getting good advice. I'd never heard of this auction house and I'm sure many others haven't either. Free money for the seller though. Barely circulated and ending up in the ground in England is pretty interesting.
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 Posted 12/03/2023  12:15 am  Show Profile   Bookmark this reply Add westcoin to your friends list

Quote:
I'd never heard of this auction house and I'm sure many others haven't either.


A H Baldwin & Sons Ltd has a history that dates to 1872 and is one of the largest and longest established numismatic dealers and auction houses in the world. While not a big name in the USA, in Europe they were around with Spink & Sons, Sotheby's, Glendinig among others. They have always been a top numismatic dealer. They have had a few co-owners and partners over the decades but always known as Baldwin's. Today they are known for their auctions, primarily British tokens, coins, and military medals, Ancient, Russian, Islamic and Indian coinage.

https://www.baldwin.co.uk/about/
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1982, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, & Numismatic Bibliomania Society member (NBS) Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
12/03/2023 12:24 am
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 Posted 12/04/2023  10:57 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Here is the full description from St. James & Knightsbridge Coins catalogue (UK spelling mode activated).
Very interesting!
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