Rare New England sixpence up 13% pa at auction



2015-06-26 13:03:57

Rare New England sixpence up 13% pa at auction

A rare New England sixpence which dates back to 1652 has sold for a record $431,250

Paul Fraser Collectibles,Thursday 22 November 2012

A rareNew England sixpencehas top performed atthe Whitman Baltimore Winter Expo week of auctions.

The 1652 coin, which was discovered in a New York State potato field in 1990,heldthe title of most valuable ever to be found on American soil until it was superseded by a Maryland Denarium, which sold for $41,400 in 2007. Thislandmark auction has restoredits title.

Having been sold at Sotheby's shortly after its discovery in 1991 for a then record breaking $35,200, the New England sixpence was estimated to bring $100,000 at auction this time around.

It in fact sold for more than four times its estimate at the November 16 auction, for the princely sum of $431,250 - a 12.7% pareturn.

1652 New England sixpence coin auction The coin has reclaimed its title: the most valuable coin ever discovered on US soil

Having fared well underground, it emerged in fairly good condition. The shape of the planchet is nearly round,similar toother New England coinages hand cut to size and weight at the time, and, having been struck in Boston, it bears the letters "NE".

The coin's value is naturally related to its rarity - in this case, the consequence of a design flaw. The coin's initial design was so simple that the risk of forgery led to changes being made before substantial numbers were struck.

There are now only eight known examples of this coin in existence, four of which are stored in museums (the British Museum and the American Numismatic Museum among them).

The Whitman Baltimore Winter Expoalso featured the $170,000 sale of a 1918/1917-D buffalo nickel.

View our rare coins for sale here.

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