1652 Massachusetts Pine Tree Threepence Noe-37 Rarity-5 PCGS Genuine, Surface Tooled. Misaligned Dies. Frosty light silvery gray blending to darker bluish steel in protected areas. Most likely cleaned long ago. No notable marks or planchet defects and the surfaces are smooth. The reverse (date side) is properly centered on the planchet but the obverse is badly off center to K-6. The "Tooling" mentioned by PCGS may refer to the strong die clashmarks at the top of the obverse that are associated with the latest die state. (The Noe-37 variety is the late state of the Noe-36 variety, assigned a different number because of its significantly different appearance.) Usually the obverse is off center to the top (K-12 position) in the late state and those clashmarks are not on the planchet. Struck with the dies orientated head-to-head. Our grade is VF35 sharpness net VF25. Listed on page 39 in the "Redbook. Estimated Value $2,000-UP. Categories: Colonial Issues
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