Some Interesting Thoughts On Colonials and Exonumia

One of the best things about colonials and tokens is the overall rarity of so many of these pieces compared to US Type coins. Now, I admit living in Charlotte I do have a fondness for certain gold coins, but the relative cost to collectors can be so much higher! In addition, so many US Type coins are commoditized – why? Because there are so many of them! For colonials, we do have the Red Book, but even that is “just a guide” and in no way can allow for all the strike, surface and and color variations in collecting colonials. With an exceptionally small number of post-colonial, pre-US Mint coins, how many coins can be considered to look the same? Be commoditized? None, and that’s one key reason we all love this series.

Each coin has its own nuance, its own look and its own value.

Let’s take an example in US Type coins. Recently a cleaned, damaged 1878-S 50c in VG details was being offered privately for well over Red Book VG money. This coin had a mintage of 12,000 with an estimated 50 extant today. Red Book is $40,000 for a VG, Greysheets is $34,000. This is for one specific date and mintmark in a much larger series. 50 known examples equates to an R5 (or URS–7 in the Whitman Colonial book). Can you imagine paying $30-40,000 for a cleaned and damaged R5 NJ, CT or VT variety or even a top condition census token? Didn’t think so…

Tokens are even more underappreciated and high condition census pieces can be had for respectively bargain prices. Over the years New England Rarities has offered many exceptionally rare, exceptionally beautiful tokens with exceptional value. Which would you rather have? A high condition census, beautiful token with an interesting theme from the 1800s or a 2000P Lincoln Cent in PCGS MS69 Red for $2,500 with a business strike mintage of over 5.5 billion. Billion….. Telemarketing anyone?

We just enjoy working with and sharing choice colonial coins and tokens as much as you enjoy collecting them.

Happy Hunting!
Gregory Field

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