Lot 12
1723 Rosa Americana Twopence. PCGS graded AU-55. Stop after X, not after 3. William Wood owned tin and copper mines in England. Using his considerable political clout, Wood obtained a patent authorizing him to coin up to 100 tons of base metal (from his mines) for use in the American plantations. To keep the coins from circulating at home in England, the patent authorized them to be lighter in metal content than the current denominations in England. The coins were struck from 75% copper, 24.7% zinc and .3% silver, which is a form of brass.
The surfaces of this piece are quite nice, there is a very minor planchet flaw below the chin, and a short planchet fissure at 7 o'clock on the obverse that goes through to the reverse. Brassy brown in color, with excellent striking definition on King George's hair.
Estimated Value $1,000 - 1,500.
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| Realized $1,438 |
