One of a handful of colonial-era coins in America is expected to fetch at least $300,000 in a sale.
Explains the site usnews When the coin was minted in the mid-17th century in New England, it was worth only a cent, but now it is expected to sell for about $300,000 when it is auctioned in London next month.
The report is from a foreign source
James Morton, a specialist in coins with the auction house, described it: “I could not believe my eyes when I realized that it was an excellent example of a New England shilling, struck by John Hull in 1652 in Boston for use as currency by the early settlers of the Massachusetts Bay Colony.”
The General Court of Massachusetts in 1652 appointed Hull and his assistant Robert Sanderson as the Boston mint, to be responsible for producing the first North American silver coin..
The silver shilling was found
The primitive design coin has the Northeast New England initials on one side, and the twelfth Roman numeral, for 12, which is the number of pennies in a shilling, on the other..
In another context, an auction managed to sell hundreds of rare gold coins, which were found inside the walls of a French palace, for more than one million euros, and the valuables, which are 239 pieces of gold coins, minted before the French Revolution, and found when renovating the property near Quimper in western Brittany, France.
The report, published by the “Russia Today” news network, says that the family that owns the property kept 4 coins as souvenirs, and put the rest for sale at a public auction in the western town of Angers..
Gold coins dating back to the reigns of the French kings Louis XIII and Louis XIV, and the treasure, which consists of 239 gold pieces, was found during maintenance work in 2019 in a palace in the Finistere region of western France, and the proceeds were to be shared between property owners and craftsmen. The three who found the coins during the restoration process.
