Rare coin found by NYer sold for $430k

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Rare coin found by NYer sold for $430k

Postby PennyPauper » Sat Nov 24, 2012 2:52 am

Found this tidbit and wanted to share. Happy hunting,where ever that may be!

http://www.stargazette.com/viewart/2012 ... -sold-430k


MELVILLE — A rare silver Colonial Massachusetts coin that was found by an East Hampton, N.Y. woman has been auctioned off for $430,000.

Newsday says the coin was found 23 years ago in a potato field. It was determined the coin was a sixpence from 1652.

It made four times as much as auction officials expected. It was sold last week at the Colonial Coin Collectors Club in Baltimore.

The coin is one of eight known to exist.

It was first auctioned in 1992 by Lillian King, who unearthed it with a metal detector.

The person who bought the coin back then for $35,000 resold it last week for the large sum.

King told the newspaper that she wishes she’d waited to sell the coin.
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Re: Rare coin found by NYer sold for $430k

Postby henrysmedford » Sat Nov 24, 2012 4:09 am

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Re: Rare coin found by NYer sold for $430k

Postby TheJonasCollegeFund » Sat Nov 24, 2012 6:57 pm

That's right.....metal detector find!

I find lots of zinc pennies, myself!
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Re: Rare coin found by NYer sold for $430k

Postby Country » Sat Nov 24, 2012 7:55 pm

Massachusetts New England coinage of 1652 replaced wampum (shells of various colors corn kernal sized with a hole in them for stringing). NE 3 pence is unique. Maybe one you guys in New England can find one of them! :thumbup: Later in 1652 was the famous Willow Tree coinage, followed by the Oak Tree coinage of 1660, and the Pine Tree coinage of 1667.
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
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