One of 5 known, pedigreed to Norweb, over 300 years old: $8,338

ColonialCoinUnion

Seems kind of cheap to me -



The photo is lousy, by the way, as the coin is a beautiful, natural light brown color in person.

airplanenut

Pretty!!! And because it DOESN'T MATTER, no one ask its grade!!!

LanLord

That is just downright cool. I've always wanted an elephant token. It is a cool piece of americana. Thanks for the pic.

jadecoin

CCU, thanks for the image. For all of you who collect Elephant Tokens by variety, this is the EXTREMELY rare "sword in the second quadrant of sheild" variety. I was wondering what CCU meant by "one of 5 known" and didn't notice until I looked it up. Yes, I agree that $8,338 is cheap. Were the serious buyers holding out for the Stack's sale this October??

ColonialCoinUnion

I don't think anyone was holding out, nor do I think this coin slipped through the cracks. Everyone saw it, had the opportunity to bid and stopped at $8,338.

This is, apparently, the current state of the market for extremely rare varieties of some colonial series.

Conder101

Actually that one is not a piece of Americana.

ColonialCoinUnion

<< <i>Actually that one is not a piece of Americana. >>



And thats probably why the price is what it is.

This is one of those coins that it is in the American series 'by association' - the Carolina and New England Elephant tokens (same obverse as the coin shown above - different reverses) have the obvious and direct connection to the colonies and are legitimately part of the American series.

The coin above is from a shared obverse die and is associated with those coins - though they were struck in England and it is highly unlikely they ever circulated in meaningful numbers in the colonies.

Even so, they have been collected as part of the American series for years as evidenced by their inclusion in the Redbook.