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Rare silver coin minted in colonial New England sells for $350,000

Section: Daily Dispatches

From The Associated Press
via Yahoo News, Sunnyvale, California
Friday, November 26, 2021

BOSTON -- One of the first coins minted in colonial New England, which was recently found among other coins in a candy tin, has sold at auction for more than $350,000, more than it was expected to get, the auctioneer said today.

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The 1-shilling silver coin made in Boston in 1652 -- considered the finest example of just a few dozen such coins known to still exist -- was sold to an anonymous online bidder from the United States, London-based Morton & Eden Ltd. said in a statement.

The auctioneer had expected it to sell for about $300,000.

"I am not surprised at the amount of interest this exceptional coin attracted," coin specialist James Morton said in a statement. "The price paid, which was above estimate, reflects its extraordinary historic significance and outstanding original state of preservation."

Before 1652, coins from England, the Netherlands, the Spanish Empire, and other nations were used as currency in New England.

But a shortage of coinage prompted the Massachusetts General Court to appoint John Hull as Boston mintmaster, responsible for producing North America's first silver coins. The mint, considered treasonous by King Charles II, was shut down in 1682, according to the auctioneer. ...

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