1652 PINE TREE SHILLING, LG PL, NO PEL MS64

Price: $100,000.00
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Coin Description

LARGE PLANCHET, NO PELLETS. JUST TWO GRADED HIGHER AT PCGS. RARITY-6.

The Generall Court of Massachusetts Bay Colony issued a second seven-year contract to coiner John Hull in 1660.  At around the same time, the first screw press arrived in the colony, allowing the production of higher-quality coins.  Beginning this year and going through 1667, John Hulls Mint on "The Great Street" (now Washington Street, near Summer Street, Boston) struck Shillings of the Oak Tree design.  Exactly how many examples were delivered is unknown, but only a small percentage of the original mintage has survived in all grades.  When encountered in todays market at all, the 1652 Oak Tree Shilling is apt to be well worn, damaged and/or bent, the latter from being used as "witch pieces" during the 1692 Salem Witch Panic.  Problem-free coins in the higher circulated grades are scarce, while those that grade Mint State are very rare.

The silver coins of Massachusetts Bay Colony are among the most important and historically significant numismatic items in all of American history.  They are the first coins struck in the 13 Colonies, and they represent perhaps the first instance of American colonists acting in defiance of the British crown.  The royal charter granted to the founders of Massachusetts Bay Colony did not specifically grant the right to coin money, and the Generall Court had to wait until King Charles I was beheaded (1649) and his royalist supporters defeated at the Battle of Worcester (1651) during the English Civil War before taking this bold step.

Specifications

Grading Service: PCGS SKU: 144572
Grade: MS 64 Cert Number: 34721009
Bring This Coin to Life
In 1652, the New England colonies were undergoing significant development, both socially and economically. The region was characterized by a mix of Puritan religious fervor, early democratic governance, and an economy that was beginning to diversify beyond simple subsistence farming. The Puritans, having immigrated to the New World to escape religious persecution in England, sought to create a society based on their religious beliefs. They established the Massachusetts Bay Colony and other settlements with a vision of building a ""nation of saints"" or a ""City upon a Hill,"" a community designed to be an example for all of Europe. This deeply religious and socially tight-knit culture was instrumental in shaping the future United States??. Economically, the rocky and infertile soil of New England, shaped by the last ice age, made large-scale agriculture challenging. This limitation led to a focus on other industries such as lumber, furs, whaling, fishing, iron ore extraction, and granite. By the 18th century, fish had become the primary export of the New England colonies, significantly contributing to their economy. Shipbuilding also emerged as a crucial industry, thanks to the abundance of tall, straight oak trees and white pine, ideal for constructing vessels. The New England colonies engaged in the Triangle Trade, involving the exchange of slaves, rum, and molasses among Africa, the Caribbean, and the colonies??. Religion played a central role in the New England colonies, with Puritanism being the dominant faith, except in Rhode Island, which was more religiously tolerant. The governance of the colonies varied, with some being royal colonies directly ruled by the English monarchy, while others were charter colonies with a degree of self-governance. The New England colonies were known for their charter governments, where propertied men elected their governors, councils, and assemblies, demonstrating an early form of democratic governance??. Education was highly valued, with laws passed as early as the 1640s requiring towns to set up schools. This emphasis on education led to a highly literate population, contributing to the region's intellectual and economic growth????. Overall, by 1652, the New England colonies were developing into a region with its own distinct identity, marked by religious fervor, an emerging mixed economy, and a nascent form of democratic governance that laid the groundwork for the future United States.
**Source: PCGS Price Guide. Although we try to be as accurate as possible on the listed population, third party pricing and coin information, information constantly changes. We suggest you verify all information.