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Lot 30313

Image Information

Type Coin
Title Lot 30313
Date (1688)
/Catalog #
Grade 40
Service Details NGC
Denomination 1/24RL
Description (1688) TOKEN American Plantation Token, HB REX -- Corrosion - NGC Details. XF. N. 1-A, W-1130, R.7. 126.4 grains. This Newman 1-A is composed of 98% tin, 1% copper, and 1% trace elements. The Plantation tokens solved two problems in the late 17th century. The first was the decreased demand for tin, and lack of price support for the British "tin farmers." The second was a dearth of small change in the British colonies, especially America. Most varieties are rare today. Newman 1-A is rated URS-4 in the Whitman Encyclopedia of Colonial and Early American Coins, suggesting a surviving population of five to eight pieces. Two examples from the Eric P. Newman collection are offered here. Dark pewter-gray surfaces display sharp central details, although heavy peripheral corrosion slightly disfigures the circumference. Ex: A.H. Baldwin & Sons, Ltd.; Eric P. Newman Numismatic Education Society. Realized $587.50. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part IV
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