The "Ghost Tree" Shilling is easily recognized by the thin, spindly tree which, in later states, has an almost incuse appearance. The relief of the tree on this variety is very shallow, unlike the trees on all the other Oak Tree Shillings, and even the surrounding legends on this variety. Both Salmon and Hodder classify this as Rarity 6, implying a known population of 13 to 30 examples. While not a great rarity in the Oak Tree series, the "Ghost Tree" is popular because of its unique appearance, which translates into strong prices whenever it appears on the market.
The lovely example from the Garrett collection (now in a PCGS AU55 holder) appears to be the finest specimen of the "Ghost Tree" variety. This example sold for $13,000 back in 1980 in recognition of its rarity and superior appearance. In 2015, the Garrett example reappeared as part of the Henry Kendall Collection and sold for $55,812.50 (a record price for the variety). The second best example is the Choice Very Fine that sold in the Ford Collection for $40,250 in 2005).