Breen-260 (the actual coin pictured), W-11825 variety, struck at the Rouen mint.  Estimated by us to be Rarity-6 or so as an issue, but at least R-8 in this superb condition. 

This 1721-B Rouen mint issue is perhaps 50 times rarer than the typical Rochelle ‘H’ mint coins normally seen.

Indeed, our research reveals just a handful of decent examples trading publicly in the last 25 years, including the 1983 Roper coin (which we sold more than 10 years ago), an inferior example in Stack’s 1988 Oechsner sale, a slightly more worn example in Stack’s 1976 Laird Park collection, a rough ungradable piece sold at Stack’s for $5,463, and a pleasing, golden brown, weakly struck piece graded PCGS VF20 which brought $23,500 in the Ted Craige sale at Bowers in 2012(!).

Overall, the present example is the best one we’ve seen, or know about, and it is the finest graded by PCGS by 15 points.  With the next best one there an XF40 we sold 8 years ago, and while that one was nice, it can’t hold a numismatic candle to this one.

In all, a compelling offering of the finest known example of a rare issue, and an opportunity unlikely to come again anytime soon.

Ex Breen Plate Coin, as noted, coin #260.

$9,750

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