New Yorke Token Brass MS(PCGS#226)

Spring 2023 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1046

等级

VF30

价格

203,395

详细说明

The Richard Picker New Yorke in America Token Breen EncyclopediaPlate Coin Undated (ca. 1670) New Yorke in America Token. W-1705. Rarity-6+. Brass. VF-30 (PCGS). 46.9 grains. Acquired in our sale of October 2018, when this piece was described as follows: "A thoroughly appealing example of this highly elusive early American token, thought to have been struck on behalf of Governor Francis Lovelace of New York. In fact, this piece is a perfect match to the Roper specimen that we (Stack's) offered for sale in 1983. Both sides are nicely centered in strike with handsome antique golden-brass patina throughout. A splash of slightly warmer copper toning is evident over the lower left reverse, a tiny dig in the field below the letter N in NEW also serving as a useful identifying feature. Attractive in all regards with solid technical quality, an impressive provenance further enhances the desirability of this important rarity. The New Yorke in America tokens were likely struck in the Low Countries, and their fabric closely resembles the English and Dutch tokens of the third quarter of the 17th century. According to John Kleeberg, author of the most definitive study of this type, the obverse shows a scene of Cupid and Psyche that is a rebus for the name of New York colonial governor Francis Lovelace. The reason these pieces were struck is unknown, though they could be marketing pieces (something like the Franco-American jetons of the 18th century), or tokens intended for use at Lovelace's King's House tavern in Manhattan, or perhaps even an attempt at a small change medium for New York City. The fact that none have been recovered archaeologically in America doesn't mean much, as most of 17th century New York City was gone by the American Revolution and almost nothing from that era has been dug in modern times. Given that nearly all show significant circulation, and at least a few are holed, they certainly saw some kind of use and are not just patterns or pieces de caprice. Their mystery adds to their romance, but one fact is certain: these are the earliest coin-like objects to include the words 'New Yorke.' According to the census compiled by John Kleeberg and published in the ANS COAC volume 'Money of Pre-Federal America,' 1991, only 19 examples in brass are known. At least a few new specimens have been discovered since that paper was published, but overall this issue is at least Rarity-6+ with roughly 20 examples known. Ranked 25th in the Katherine Jaeger and Q. David Bowers book 100 Greatest American Medals and Tokens. This particular specimen is the plate coin in Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins." Since that time, we've offered only one other example of this rarity: a lower grade piece (NGC Fine Details, ex Robison-Partrick) that was offered in the same October 2018 sale. A few others have turned up at auction, including a PCGS G-4 in 2019, the lovely Garrett coin (graded NGC VF-35 and sold without its provenance in the Dittmer sale of May 2022), and a reappearance of Partrick's primary coin (graded AU-50 by PCGS). Few of these offer the kind of ideal color and problem-free surfaces seen on this specimen, and we see why Syd chose to add this particular example to his collection. Provenance: From the Sydney F. Martin Collection. Earlier, from our (Stack's) sale of the Richard Picker Collection of Colonial & Early American Coins, October 1984, lot 97; our sale of October 2018, lot 2007. PCGS Population: 1; 3 finer (AU-55 finest). To view supplemental information and all items from the Sydney F. Martin Collection, click here. PCGS# 226. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA. Click here to see Coins in Motion.[“Coins]