The auctioned silver coin was one of the first coins minted in colonial New England, which led to a surge in value. On one side of the coin is the New England abbreviation NE. And, on the other hand, the Roman numeral XII. According to London-based Morton & Eden Ltd, the man from the US bought the coin for Rs 2.6 crore.
‘He’s not surprised at the excitement people have shown for the coin. The amount received was more than expected. It reflects the historical significance of the currency and its extraordinary position, “said James Morton, a currency expert. The historical fact is that before 1652 coins from England, the Netherlands and the Spanish Empire were considered the valid currency in New England.
History has it that John Hull was appointed Boston Mint Master by the Massachusetts General Court at a time when there was a shortage of currency in the country. Hull is said to have overseen the production of the first silver coins in North America. According to auctioneers, the Mint, which minted the coin in 1652, closed in 1682. Despite this, auctioneers have not released details of the person who owns the coin. It is also worth noting that after a while an ancient coin star became the star of online auctions.