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Sale 10


 
 
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Lot 64

1796 Myddleton Token - Silver. PCGS graded Proof 63. A beautiful example of this popular medal, the surfaces are toned a medium antique silver-gray with lighter shades on the devices. Of the PCGS examples graded, only 3 have been awarded a grade this high, with just a single coin graded higher.
Breen discusses this medal in his wonderful Encyclopedia (page 106-7). Philip Parry Price Myddelton acquired an enormous tract of land in Kentucky and during 1795-6 he persuaded hundreds of English farmers and laborers to emigrate to his Kentucky land, promising them steady employment.
The dies were engraved by Conrad H. Küchler and these were stuck at Boulton and Watts Soho Mint. The devices are beautiful, Hope with anchor, presents her two children to Liberty, who holds the liberty pole (note the slaves cap of freedom flying at the top). Behind Liberty is the cornucopia, representing the abundance of the new land and fertility. The seedling represents Myddelton's Kentucky project. On the obverse, the dejected Britannia with her spear inverted (a clear reference to the defeat at Yorktown), with the scales of Justice and the fasces down on the ground. Britannia looks down at a cap of Liberty, which has sprung forth near her feet, representing the new American colony. Needless to say, these elements were highly insulting to Britain, and Myddelton soon found himself in the horrible Newgate Prison, charged with "brain drain" and literally the formal charges were "enticing artificers to emigrate to the United States", ending his ambitious project.
Perhaps 15 to 20 are known, and these are extremely rare in any grade, both silver and copper pieces were struck.
Estimated Value $6,000 - 7,000.
From the Fairchild Family Trust.


 
Realized $14,950



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