Early U.S. Coinage
The first old coins struck in the English-American colonies were the “NE” or “New England” coins authorized in 1652 by the Massachusetts General Court. These simple silver coins were punch-stamped with the letters “NE” on the obverse and the denomination in pence on the reverse (“III” or “VI” or “XII”). The simplicity invited clipping (cutting off pieces of the coins for the silver), and after a few months, these coins were replaced with more elaborate designs.
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