New Delhi: A rare shilling silver coin manufactured in 1652 was recently auctioned on the internet for Rs 2.6 crore (USD 350,000). The coin was discovered in a candy container. This silver coin is notable for being one of the first coins to be produced in colonial New England.
The initials NE for New England are inscribed on one side of the coin, while the Roman numeral XII is inscribed on the other side.
According to London-based Morton & Eden Ltd, the coin was sold for Rs 2.6 crore to an unidentified internet bidder in the United States.
“I am not surprised by the high level of interest in this outstanding coin. The amount paid, which was well above estimates, underscores its tremendous historical importance and its excellent original state of preservation,” said coin analyst James Morton in a statement. does.”
Prior to 1652, coins from the United Kingdom, the Netherlands, and the Spanish Empire were accepted as legal tender in New England.
According to legend, there was a coin shortage, which is why the Massachusetts General Court selected John Hull as the Boston Mintmaster. Hull is believed to have been in charge of overseeing the manufacture of the first silver coins in North America.
According to the auctioneer, the mint that minted the coin in 1652 was closed in 1682.
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