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Extremely rare 1652 coin found 22-years ago in frozen potato field by woman sells for $430,000

November 23, 2012 in Auctions, Coins, New England Coins, Silver Coins, Treasure, USA Coins

By JAMES NYE (http://www.dailymail.co.uk)

PUBLISHED: 16:36 EST, 23 November 2012

An extremely rare Colonial Massachusetts coin from 1652 that was found by a woman in a potato field 22-years ago has been auctioned for more than $430,000 in Baltimore.

One of only eight New England sixpences known to exist, the 360-year-old coin was expected to sell for $100,000 but was resold for four times that price.

First auctioned for Lillian King, the woman who found it in 1992 by Sotheby’s in Manhattan for $35,200, the coin was minted only 31-years after the original Thanksgiving between pilgrims and native Americans in Plymouth, Massachusetts, in 1621.

New England Sixpence

New England Sixpence

‘We knew it was a very rare coin and we knew it would reach six figures,’ said Lawrence R. Stack, a senior numismatic consultant for Stack’s Bowers Galleries to Newsday.

The lucrative auction took place at the Colonial Coin Collectors Club convention in Baltimore and was put in front of more than 200 bidders.

Sold by John ‘Jack’ Royse, 86, along with 102 other rare coins, the collector put them up for auction because he wanted to ‘see them in the right hands’ before he died.

The buyer has expressed a wish to remain anonymous.

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