Rarity: Scarce

Notes:
Notice the crossbar atop all of the A's on both sides.

Obverse: the N in IN is reversed.  The first A of MASATHVSETTS is very crudely struck and appears to lack a crossbar.

Reverse: the first N in ENGLAND is reversed.  An incuse N appears in the field just below and to the left of XII.

Images courtesy of Bowers and Merena Galleries

Significant examples:
PCGS MS-62 (illustrated above).  Ex - Bowers and Merena Galleries "The collections of Russell J. Logan and Gilbert G. Steinberg", November 6-9, 2002, Lot 10, plated, sold for $17,250.00

Recent appearances:
PCGS AU-58 (does not match any of the coins illustrated here).  Ex - Bowers and Merena Galleries "The Rarities Sale", September 22, 2002, Lot 3, "...71.0 grains...", sold for $9,200.00

PCGS AU-55 (illustrated below).  Ex - Superior Stamp and Coin "Pre-Long Beach Sale" September 19-21, 1999, Lot 303, "Rarity 4  PCGS graded About Uncirculated-55... Later die state.  Weight listed as 70.2 grains..."  This piece is actually a Noe 5.

PCGS AU-53.  Ex - Paul Arthur Norris - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Pre-Long Beach Sale", September 23 & 24, 2002, Lot 13, this piece was attributed incorrectly - it is actually a Noe 4! 

"Very Fine" (illustrated below).  Ex - Early American History Auctions, Inc.'s April 21, 2001 Mail Bid Sale, Lot 1026, where it was described as follows:  "1652 MA "Pine Tree" Shilling, Large Planchet, Noe-5, Very Fine.  69.7 grains. Pleasing, silver-grey colors, with some patches of lighter color where the planchet is wavy and the toning has worn off the high points. Obvious scratches are visible beneath the XII on the reverse. Nicely centered on a large planchet."

Sources and/or recommended reading:
"The Silver Coinage of Massachusetts" by Sydney P. Noe