There are two distinct forms of the so-called "pine tree" currency, the one bearing on the obverse a representation of a tree resembling an oak, or as some say, a willow; the other with the true pine-tree. It is thought that the ruder pieces bearing the oak tree design were the first coined and that the more perfect pine tree money was issued later. At any rate both "oak" and "pine tree" pieces, shillings, sixpences and threepences, all bear the same date, 1652. But this money was issued continuously until 1686 without a change of the date, it is said, to avoid interference from the English government, the coining of money by the colonists being a distinct violation of the royal prerogative. By the retention of the original date it was thought to deceive the authorities at home into the belief that the violation of the laws ceased as it began, in 1652. In 1652, however, a two-penny piece was minted bearing the oak tree design and hence it is natural to suppose that the pieces bearing the true pine tree design were the last coined and not issued until after 1662.
One of the traditions connected with the pine or oak tree money is the story that Sir Thomas Temple, who was a real friend of the colonists, in 1662, showed some of the pieces to the King at the council table in London, when King Charles demanded upon what authority these colonists had coined money anyway and sought to have orders sent to prohibit any further issues. "But," responded Sir Thomas, "this tree is the oak which saved your majesty's life and which your loyal subjects would perpetuate." Sir Thomas of course referred to the episode of Boscobel in which Charles II escaped his enemies by hiding in the branches of an oak. This it is said so pleased the King that he dropped the subject and the coining of "pine tree" money proceeded merrily, as before, for twenty-five years longer.
The master of the mint was John Hull who lived in Boston where Pemberton Square now opens from Tremont Street and where later was the famous garden and residence of Gardner Green, Esq. The mint house, sixteen feet square and ten feet high, was built on land belonging to Hull in the rear of his house. Robert Sanderson, a friend of Hull, was associated with him in making the "pine tree" money. It is not known how they divided their profit, but they received one shilling sixpence for each twenty shillings coined, and as it is estimated that "pine tree" money to the amount of five millions of dollars in value was made during the thirty-four years it was issued, the commissions received must have been very large and the statement that the dowry, said to have been £30,000, given to Hull's daughter at her marriage, appears reasonable. That the girl, plump as she is reported to have been, actually weighed down the dowry in shillings, is, of course, absurd as that amount in silver would weigh over 6,000 pounds rating a silver £ as weighing 4 oz. at that time.
Hawthorne's description of what is said to have taken place on that occasion is too vivid a picture to be overlooked. He relates that Captain John Hull was appointed to manufacture the pine tree money and had about one shilling out of every twenty to pay him for the trouble of making them. Hereupon all the old silver in the colony was handed over to Captain John Hull. The battered silver cans and tankards, I suppose, and silver buckles and broken spoons, and silver hilts of swords that figured at court—all such articles were doubtless thrown into the melting pot together.
The magistrates soon began to suspect that the mint-master would have the best of the bargain and they offered him a large sum of money if he would but give up that twentieth shilling which he was continually dropping into his own pocket. But Captain Hull declared himself perfectly satisfied with the shilling. And well he might be, for so diligently did he labor that in a few years, his pockets, his money bags, and his strong box were overflowing with pine tree shillings.
Then Samuel Sewall, afterwards the famous Judge Sewall of the days of witchcraft fame, came a courting to Hull's daughter. Betsy was a fine and hearty damsel and having always fed heartily on pumpkin pies, doughnuts, Indian puddings and other Puritan dainties, she was as round and plump as a pudding herself.
"Yes, you may take her," said Captain Hull, to her lover, young Sewall, "and you'll find her a heavy burden enough." Hawthorne describes the wedding and the costumes of the contracting parties and their friends, and Captain Hull he "supposes," rather improbably one would think, however, "dressed in a plum colored coat all the buttons of which were made of pine tree shillings. The buttons of his waistcoat were of sixpences and the knees of his small clothes were buttoned with silver three-pences ... and as to Betsy herself, she was blushing with all her might, and looked like a full-blown peony or a great red apple."
When the marriage ceremony was over, at a whispered word from Captain Hull, a large pair of scales was lugged into the room, such as wholesale merchants use for weighing bulky commodities, and quite a bulky commodity was now to be weighed in them. "Daughter Betsy," said the mint-master, "get into one side of these scales." Miss Betsy—or Mrs. Sewall as we must now call her—did as she was bid and again the servants tugged, this time bringing in a huge iron-bound oaken chest which being opened proved to be full to the brim with bright pine tree shillings fresh from the mint. At Captain Hull's command the servants heaped double handfuls of shillings into one side of the scales, while Betsy remained in the other. Jingle, jingle, went the shillings as handful after handful was thrown in, till, plump and ponderous as she was, they fairly weighed the young lady from the floor. "There, son Sewall," cried the honest mint-master, resuming his seat, "take these shillings for my daughter's portion. Use her kindly and thank Heaven for her. It's not every wife that's worth her weight in silver."
However interesting the story may be of the plump girl sitting in one pan of the scales as shillings were thrown into the other, as depicted in Hawthorne's version of the affair, we must be permitted to consider that time has cast a halo around the mint-master's daughter and increased both her avoirdupois and her dowry.
Massachusetts was the only New England colony to coin silver but close upon the date of the issue of the first "pine tree" money came the Maryland shilling, sixpence, groat and penny, the last in copper. These bear no date but appeared about 1659, the dies having been made in England.