Coin Community Family of Web Sites Live Coin auctions starting as low as $1
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.
Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

1652 Oak Tree Threepence Found Buried...

 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 14 / Views: 3,298Next Topic  
Pillar of the Community
United States
9484 Posts
 Posted 09/08/2014  02:52 am Show Profile   Check westcoin's eBay Listings Bookmark this topic Add westcoin to your friends list Get a Link to this Message
http://www.dailymail.co.uk/news/art...Fathers.html

I saw this article last week, but had forgot to post it here. Fascinating story of an ultra rare 1652 Oak Tree Threepence coin found while metal detecting in Midlands, U.K. Almost in MS condition too! Should hit the auction block soon and will probably sell in excess of $1.5 million dollars - WOW! Still amazing treasure awaits to be found just under your feet.
"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) #6202, Colonial Coin Collectors Club (C4), Conder Token Collector Club (CTCC), Civil War Token Society (CWTS), & Numismatic Bibliomania Society (NBS) Member in good standing, 2 variety collector.

See my want page: http://goccf.com/t/140440
Pillar of the Community
Learn More...
United States
2977 Posts
 Posted 09/08/2014  09:32 am  Show Profile   Check Paul Bulgerin's eBay Listings Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
Thanks for sharing the story.

The UK already has far too many interesting metal detecting finds. They shouldn't take them from the U.S.!

You do wonder, although we'll never know, how it ended up in that field.
Paul Bulgerin
Pillar of the Community
United States
3253 Posts
 Posted 09/08/2014  09:37 am  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
Very cool. Was this coin just a souvenir, or could it have actually circulated as currency in England? The Massachusetts pound was valued differently from the pound sterling. A Boston merchant would have been able to give you the exact exchange rate at any time, but would there have been any general idea of relative value back in the mother country? Would a grocer in Nottinghamshire be willing to accept it at its face value of threepence? Remember that the Massachusetts coinage was all dated 1652 because the right to mint coins was reserved to the Crown, and in 1652 England was ruled by Cromwell's Commonwealth. The oak tree coins were not minted until at least 1660, just after the restoration of the monarchy. Threepence were minted by Charles I, and their mintage resumed under Charles II, but the Commonwealth minted no threepence. This coin must have been brought to England after the new king was crowned, bearing a date of the time when England had no king, but a denomination only struck by kings. It must have been a curiosity, indeed.
Pillar of the Community
United States
1590 Posts
 Posted 09/08/2014  12:26 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
I'd be willing to bet that merchants accepted coinage based on metal content and weight more than the denomination; of a non-local coin.
Pillar of the Community
Germany
1792 Posts
 Posted 09/08/2014  2:10 pm  Show Profile   Bookmark this reply Add GERMANICVS to your friends list Get a Link to this Reply
A fantastic metal detecting find. I bet the finder is ecstatic.

Finding a Massachusetts threepence in an english field is not as strange as one might think, considering the active trade that existed between the american colonies and England. HMS Faversham, a 32-gun british ship that sunk off Nova Scotia in 1711 carried coins of many of the new world colonies, including over 120 Massachusetts Colony coins. This money was used to pay for royal navy supplies, so it is reasonable to assume that new world coinage made its way to England via this route.

This is a beautiful threepence in excellent condition, Variety Noe-23, Crosby 1-A.1 Its rarity is URS-6 per the Colonial Coins Encyclopedia.
It is very valuable but unfortunately not the amount claimed in the article. It is probably worth $15000-$25000 depending on how well it may be preserved.
Moderator
Learn More...
United States
16602 Posts
 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 Get a Link to this Reply
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.
swcoin.ecrater.com
Bedrock of the Community
United States
17821 Posts
 Posted 09/08/2014  5:58 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
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.
Gary Schmidt
Bedrock of the Community
Learn More...
United States
11062 Posts
 Posted 09/08/2014  7:02 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
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.
Valued Member
United States
156 Posts
 Posted 09/08/2014  8:08 pm  Show Profile   Bookmark this reply Add judd1552 to your friends list Get a Link to this Reply
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 !
Pillar of the Community
Topic Starter
United States
9484 Posts
 Posted 09/09/2014  3:24 pm  Show Profile   Check westcoin's eBay Listings Bookmark this reply Add westcoin to your friends list Get a Link to this Reply

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) #6202, Colonial Coin Collectors Club (C4), Conder Token Collector Club (CTCC), Civil War Token Society (CWTS), & Numismatic Bibliomania Society (NBS) Member in good standing, 2 variety collector.

See my want page: http://goccf.com/t/140440
Pillar of the Community
United States
6370 Posts
 Posted 09/10/2014  11:20 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
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.
Bedrock of the Community
United States
17821 Posts
 Posted 09/11/2014  10:33 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Looks like an Oak tree. The tree on the images of Willow tree coins I have seen is a lot more abstract.
Gary Schmidt
Pillar of the Community
United States
4585 Posts
 Posted 09/11/2014  12:53 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
One wonders if it is authentic, since I think there were contemporary fakes.
New Member
United States
48 Posts
 Posted 09/18/2023  2:00 pm  Show Profile   Bookmark this reply Add steelheadwill to your friends list Get a Link to this Reply
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.
Pillar of the Community
United States
3388 Posts
 Posted 09/18/2023  5:37 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
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.
  Previous TopicReplies: 14 / Views: 3,298Next Topic  

 
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2023 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2023 Coin Community Forums
It took 0.33 seconds to rattle this change. Powered By: