A rare piece of American history, a silver coin dating back to the 17th century, fetched a record-breaking $2.52 million at auction. This astonishing sale occurred eight years after the coin was discovered in an old cabinet in Amsterdam.
Origins of the 1652 Threepence Coin
The coin, known as a threepence, was minted in 1652 in Boston, just weeks after the first mint in the British colony of Massachusetts Bay was established. According to Stack’s Bowers Galleries, the auction house managing the sale, the coin reflects the early economic independence of the New England region under British rule.
Although its silver content is valued at a mere $1.03 in today’s market, the coin’s age and ties to early American history significantly increased its value. It is now recognized as the most expensive non-gold U.S. coin minted before the founding of the United States Mint.
Discovery in Amsterdam and Historical Validation
The coin’s incredible journey began in 2016 when it was found inside a pasteboard box labeled “Silver token unknown/ From Quincy Family/B. Ma. Dec, 1798.” The box was stored in a cabinet in the Netherlands. Initially, its owner was unaware of its historical significance.
Only after thorough research, testing, and comparison to another surviving specimen was its identity confirmed. The coin was authenticated by Professional Coin Grading Service (PCGS), a leading organization for rare coin grading.
Historical Context and Distinctive Design
Coins minted in Boston during 1652 are distinct, featuring the “NE” stamp for New England on one side and their value in Roman numerals on the other. This particular threepence coin bears the Roman numeral III, indicating its denomination.
The Boston Mint operated without British approval, symbolizing New England’s growing push for independence and its determination to manage its economy. Coins from this era were rare even during their time, as the mint likely produced them in this style for only a few months.
Connection to Prominent Figures
The historical significance of the threepence coin extends beyond its rarity. After the American Revolution, these coins gained popularity even in England.
In 1781, English collector Thomas Brand Hollis wrote to John Adams, then the American ambassador to the Netherlands, requesting help in acquiring one of these coins.
Adams turned to his wife, Abigail, whose great-grandfather was the stepbrother of John Hull, the silversmith who minted the coins.
A Rare Opportunity for Collectors
This coin is one of only two known threepence coins of this type to have survived. One belongs to the collection of the Massachusetts Historical Society, while the other was stolen from Yale College decades ago, and its whereabouts remain unknown. This particular specimen, therefore, represents the only one available for private collectors.
Intense Bidding War
The auction, described as “an exhilarating ride” by auctioneer Ben Orooji, saw a fierce 12-minute bidding battle. The final sale price exceeded pre-sale estimates by more than three times, underlining the coin’s immense value to collectors.
Record-Breaking Coin Sales in U.S. History
This threepence coin joins a prestigious list of U.S. coins that have commanded extraordinary sums at auction:
| Coin | Year Sold | Price |
|---|---|---|
| 1794 Silver Dollar | 2013 | $10 million |
| 1933 Double Eagle Gold Coin | 2021 | $18.9 million |
This auction not only set a record but also reinforced the value of preserving historical artifacts that connect us to our past. Keep an eye on your collections—you never know what treasures might be waiting!
FAQs
What makes this coin so valuable?
Its historical significance, rarity, and connection to early American history make it one of the most sought-after coins by collectors.
How was the coin authenticated?
The coin underwent extensive research, analysis, and comparison with another surviving specimen before being graded and verified by PCGS.
Are there other coins like this one?
Only two confirmed specimens of this threepence coin exist. One is held by the Massachusetts Historical Society, and the other is now privately owned after this auction.
Why was the Boston Mint unauthorized?
The Boston Mint operated without British approval, reflecting New England’s desire for economic self-regulation and a growing sense of identity apart from Britain.