Lot 789
1723 Rosa Americana Penny. PCGS graded AU-55. Dark brown surfaces with brass highlights. Small planchet depression in field below A of FRA. Another below R of REX. The entire coin, obverse and reverse, is boldly defined and pleasing. William Wood, an English entrepreneur, had visions of grandeur when he persuaded King George I to grant him a patent allowing him to issue approximately 100 tons of base-metal coins to the American plantations. After malice intervention by King George's mistress, Wood's plans for the issue of this coinage became quite sticky and eventually led to production using lower weight standards and an impure and unsatisfactory alloy. PCGS has graded 5 in AU-55, 9 in AU58 and 2 in MS-62 as finest (PCGS # 125) .
Estimated Value $1,200 - 1,500.
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| Realized $1,725 |
