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1652 pine tree shilling. The pine tree shilling was a type of coin minted and circulated throughout the Thirteen Colonies. In 1652, the Massachusetts Bay Colony authorized Boston silversmiths John Hull and Robert Sanderson to mint coinage. [1] Prior to 1652, the Massachusetts financial system was based on bartering and foreign coinage.
The coins (the pine tree shillings) were smaller than the equivalent sterling coins by 22.5%. [2] Later pieces, struck between 1652 and 1660 or 1662, bore the image of a willow tree, [ 3 ] with an oak tree [ 4 ] appearing on coins produced between 1660 or 1662 and c. 1667 .
However, in 1652, Massachusetts started making its own coins against the British directive. ... Under the Coinage Act of 1792, gold coins had different values, including $2.50 (called a quarter ...
1652 pine tree shilling. Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States.John Hull was authorized by the Massachusetts legislature to make the earliest coinage of the colony (the willow, the oak, and the pine tree shilling) in 1652.
Original Face Value: $20. Record Sale: $3,600,000. For You: 10 Rare Coins Expected To Soar in Value in the Next Five Years. 1913 Liberty Head Nickel (Proof) Material Composition: Nickel (25% ...
Coin collecting, sometimes called numismatics, can be more than a hobby for some. It can be a money-making investment. The same goes for collecting, saving or reselling old paper money. Learn: 5 ...
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