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Replies: 19 / Views: 4,745 |
Pillar of the Community
United States
9724 Posts |
http://www.dailymail.co.uk/news/art...Fathers.htmlI 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), 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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Pillar of the Community
 United States
3078 Posts |
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
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Pillar of the Community
United States
3253 Posts |
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.
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Pillar of the Community
United States
1590 Posts |
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.
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Pillar of the Community
Germany
1834 Posts |
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.
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Moderator
 United States
16660 Posts |
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
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Bedrock of the Community
United States
17836 Posts |
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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Bedrock of the Community
 United States
13679 Posts |
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.artToo many hobbies .... too much work .... not enough time.
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Valued Member
United States
156 Posts |
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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Pillar of the Community
 United States
9724 Posts |
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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Pillar of the Community
United States
6370 Posts |
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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Bedrock of the Community
United States
17836 Posts |
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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Pillar of the Community
United States
4660 Posts |
One wonders if it is authentic, since I think there were contemporary fakes.
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Valued Member
United States
57 Posts |
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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Pillar of the Community
United States
4233 Posts |
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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Pillar of the Community
 United States
9724 Posts |
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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Replies: 19 / Views: 4,745 |