(c. 1670) New Yorke Token, Brass, PCGS XF40

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(c. 1670) New Yorke Token, Brass, PCGS XF40

62,500.00
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(c. 1670) New Yorke Token, Brass, Breen 245, W-1705, PCGS XF40, ex Craige.

Ex Ted Craige, Stack's Bowers 3/2013, lot 196, which realized $94,000.

One of the best examples known of this iconic colonial rarity. These tokens were issued for Francis Lovelace, Governor of New York from 1668-73, and feature Cupid and Psyche on the obverse (a rebus of sorts on the name "Lovelace"), and an early use of a heraldic eagle on the reverse, inspired by the Lovelace coat of arms. Though made in England, these have long been highly prized by numismatists as one of the earliest American coins, this being the first appearance of the very word "America" on any coin.

Fewer than two dozen examples are known today, and a majority of those are well worn, many with surface impairments. This remarkable specimen is up there with the very best and boasts a sharp strike, pleasing color, and wonderful originality. The overall quality and level of preservation is impressive, close inspection revealing only trivial marks, a few specks of harmless surface buildup, and no distracting flaws. An as-made planchet clip at 9 o'clock doesn't effect any of the design or legends. The only materially nicer example is a PCGS AU55 coin that recently came out of Europe and was resold for six figures. This piece is more or less on par with the NGC AU50 Partrick specimen but appears more original and better struck. Overall a magnificent and historic numismatic object, worthy of strong consideration for a high end colonial cabinet.