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This Hymnal Could Be the World's Most Valuable Book -- Up for $30M at Auction
This 2013 photo provided by Old South Church in Boston shows one of two 1640 copies of the Bay Psalm Book belonging to the church, in Boston. Experts believe it to be the first book ever printed in what is now the United States and describe the hymnal as the world s most valuable book. Shortly after arriving at Plymouth Rock in 1620, the Separatist Congregationalist Pilgrims set about to translate and produce a version of the Book of Psalms that was a closer paraphrase of the Hebrew original than the one they had carried from England. The first edition of the resulting Bay Psalm Book was printed in Cambridge, Mass. in 1640. The church's second copy is being sold at auction by Sotheby's in New York with an estimated value of $15/30 million. (Photo: AP/Old South Church in Boston, Tony Scarpetta)

This Hymnal Could Be the World's Most Valuable Book -- Up for $30M at Auction

"...one of the most important books in this nation's history."

NEW YORK (TheBlaze/AP) -- A tiny hymnal from 1640 believed to be the first book ever printed in what is now the United States is going up for auction, and it could sell for as much as $30 million.

This 2013 photo provided by Old South Church in Boston shows one of two 1640 copies of the Bay Psalm Book belonging to the church, in Boston. Experts believe it to be the first book ever printed in what is now the United States and describe the hymnal as the world s most valuable book. (Photo: AP/Old South Church in Boston, Tony Scarpetta)

Only 11 copies of the Bay Psalm Book survive in varying degrees of completeness. Members of Boston's Old South Church have authorized the sale of one of its two copies at Sotheby's Nov. 26.

"It's a spectacular book, arguably one of the most important books in this nation's history," said the Rev. Nancy Taylor, senior minister and CEO of the church, which was established in 1669. Samuel Adams was a member and Benjamin Franklin was baptized there.

At one time, the church owned five copies of the 6-by-5-inch hymnal. One is now at the Library of Congress, another at Yale University and a third at Brown University.

Taylor says the church voted to sell one of its two remaining copies- both in "excellent condition" - to increase its grants, ministries and "strengthen our voice in general as a progressive Christian church."

Watch this report from CBS Local out of Boston in December when voting about the controversial decision was to take place:

The book was published in Cambridge, Mass., by the Puritan leaders of the Massachusetts Bay Colony. It came just 20 years after the Pilgrims landed at Plymouth.

The hymnal was supposed to be a faithful translation into English of the original Hebrew psalms - puritans believed selected paraphrases would compromise their salvation. The 1,700 copies were printed on a press shipped over from London.

This 2013 photo provided by Old South Church show the church, where it was built in the 1870s. (Photo: AP/Old South Church in Boston)

A yellowed title page, adorned with decorative flourishes, reads: "The Whole Booke of Psalmes, Faithfully Translated into English Metre." At the bottom, it says: "Imprinted 1640."

Historians believe an almanac may have come off the press before the Bay Psalm Book. But Mark Dimunation, chief of rare books and special collections at the Library of Congress, says the almanac was more of a pamphlet or a broadsheet rather than a book. No copy of the almanac exists today. He notes that in the Americas, in general, books were printed in what is now Mexico as early as 1539.

The Bay Psalm Book is "an iconic piece. It's the beginning of literate America," said Dimunation. "American poetry, American spirituality and the printed page all kind of combine and find themselves located in a single volume."

"But there's also something much more modest and humble about this piece, which makes its survival all the most extraordinary," he said, noting that the hymnals were utilitarian books that were subjected to a lot of wear and tear.

The last time a copy came on the auction block in 1947, it sold for a record auction price of $151,000. At the time, it surpassed auction prices for the Gutenberg Bible, Shakespeare's First Folio and John James Audubon's "Birds of America."

This story has been updated to correct a photo caption dating the church to 1975.

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