Ultra rare coin owned by Founding Father John Adams' family sells for record-breaking $2.5 MILLION

An highly uncommon 17th period coin owned by Founding Father John Adams' household has sold for $2.52 million.

The metallic threepence coin, minted successful 1652, acceptable a caller satellite grounds for a coin auction connected Monday. 

The tiny coin, 1 of lone 2 known to exist, was minted successful pre-Revolution Boston. It weighs conscionable 1.1 gram and has a metallic worth of conscionable implicit $1 connected today's market. 

The threepence was made wrong weeks of the archetypal mint being opened successful what would aboriginal go the United States. 

It was amazingly discovered successful an aged furniture successful Amsterdam successful 2016 and came to Stack's Bowers Galleries' for verification successful 2020.

'We haven't been capable to hint its past entirely. It came virtually retired of the woodwork successful 2016 and to america successful 2020,' Vicken Yegparian, vice president of Numismatics astatine Stack's Bowers Galleries, told DailyMail.com.  

'It came with immoderate provenance that it had travel from the Quincy household and past to a collector successful the 1790's,' Yegparian explained. 

The Quincy household of Boston included First Lady Abigail Adams, who was joined to Founding Father and 2nd President of the United States John Adams. Their lad John Quincy Adams besides aboriginal went connected to beryllium President. 

'There aren't excessively galore coins that tin hint provenance backmost that acold and the Adams household were collectors of coins,' Yegparian said. 

Although the idiosyncratic purchaser has not been named, it is simply a backstage collector, not a depository oregon enactment that present owns the coin. 

The lone different coin of its benignant has been successful the postulation of the Massachusetts Historical Society for 120 years. 

Auctioneer Ben Orooji, who called the 12-minute bidding conflict successful California, said the merchantability was 'an exhilarating thrust and a vocation highlight.' 

The coin yet sold for much than 3 times the in-house estimate. 

'One tin ne'er foretell wherever large rarity auctions volition go,' Yegparian told DailyMail.com.  

'Firstly it is simply a foundational coin successful American numismatics. For assemblage coin collectors, New England coinage is similar the king.' 

'The oldest coin past successful America is 1652, and this is it.'  

There are present less than 100 New England coins successful backstage hands and museums.

For collectors of American antiques and historical items this is the epoch that brings successful the highest prices astatine auctions, Yegparian said.   

Another crushed the terms was truthful acold supra the estimation is that prospective buyers thin to support their cards adjacent to their thorax to debar revealing however overmuch they are consenting to wage for an point up of an auction. 

Coin collecting saw an uptick successful involvement portion everyone was stuck astatine location during the pandemic and the enthusiasm hasn't waned, Yegparian explained.  

Years of ostentation and an uptick successful golden and metallic markets has besides drawn attraction to collecting arsenic an investment. 

'Some radical conscionable privation to bargain precious metallic and others get funny successful uncommon coins,' Yegparian said. 

'People are trying to diversify their portfolio extracurricular much modular investments.

'The full cloth of collecting has changed successful the past fewer decades. It's much focused connected rarity and prime now.'