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1652 Pine Tree Shilling (holed) - Value?
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<p>[QUOTE="johnmilton, post: 25414290, member: 101855"]I believe that this is a Noe 29, Salmon 11-F which is a common variety. In addition to the hole, the piece has also been clipped, which is the reason it looks "too round." It was a common practice for dishonest people to cut off little pieces of these coins and pass them for their full weight. After a while, if you clipped enough coins, you could turn in the silver to have more shillings or other coins made. I imagine that merchants who handled a lot of coins were most often guilty of clipping. </p><p><br /></p><p>Placing a value on this piece is hard. Most collectors view a hole as the worst thing that can happen to a collectable coin. The Red Book says a Good-4 is worth $800. Don't expect much if you ever order a piece that is graded Good-4. I would say this piece might be worth $200 to the right collector who wanted an inexpensive example of Massachusetts silver. It wouldn't be the easiest sell. </p><p><br /></p><p>Certification is expensive these days, so I'm not sure if it is worth it. </p><p><br /></p><p>Here is the small planchet piece in my collection. This was the first Massachusetts piece that I acquired for my collection over 40 years ago. (Am I really that old?) This is probably the most common Pine Tree shilling. It's a Noe 16. It is now in a PCGS VF-35 holder. </p><p><br /></p><p>[ATTACH=full]1627845[/ATTACH] </p><p><br /></p><p>I first saw in this piece in an auction conducted by the late Catherine Bullowa. I bid on it, but didn't get it. Later I bought this piece at a Bay State Coin Show, which used to be held in Boston, a year and a half later. A couple years after that, I ran into the auction catalog from the Bullowa sale. Thumbing through it, I spotted this piece same piece among the auction plates. The first give away was the "bird's nest" die break on the left side of the tree.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 25414290, member: 101855"]I believe that this is a Noe 29, Salmon 11-F which is a common variety. In addition to the hole, the piece has also been clipped, which is the reason it looks "too round." It was a common practice for dishonest people to cut off little pieces of these coins and pass them for their full weight. After a while, if you clipped enough coins, you could turn in the silver to have more shillings or other coins made. I imagine that merchants who handled a lot of coins were most often guilty of clipping. Placing a value on this piece is hard. Most collectors view a hole as the worst thing that can happen to a collectable coin. The Red Book says a Good-4 is worth $800. Don't expect much if you ever order a piece that is graded Good-4. I would say this piece might be worth $200 to the right collector who wanted an inexpensive example of Massachusetts silver. It wouldn't be the easiest sell. Certification is expensive these days, so I'm not sure if it is worth it. Here is the small planchet piece in my collection. This was the first Massachusetts piece that I acquired for my collection over 40 years ago. (Am I really that old?) This is probably the most common Pine Tree shilling. It's a Noe 16. It is now in a PCGS VF-35 holder. [ATTACH=full]1627845[/ATTACH] I first saw in this piece in an auction conducted by the late Catherine Bullowa. I bid on it, but didn't get it. Later I bought this piece at a Bay State Coin Show, which used to be held in Boston, a year and a half later. A couple years after that, I ran into the auction catalog from the Bullowa sale. Thumbing through it, I spotted this piece same piece among the auction plates. The first give away was the "bird's nest" die break on the left side of the tree.[/QUOTE]
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