Research in historical timber assessment is hindered by the limited availability of samples, yet understanding the fire resistance of historic wood is crucial for preservation efforts. There is an opinion that historic wood behaves similarly to contemporary wood in terms of fire resistance. The aim of this paper is to observe the rate of charring of historical pine wood during the experiment, the color changes in the sample that occurred due to thermal loading, and the changes in the chemical composition of pine wood. Test samples made from historic pine wood were loaded with a 50 kW∙m−2 radiation panel for 60 min. The charring process was faster at the beginning of the charred layer formation. The charring rate at the beginning of the test at a depth of 10 mm from the exposed side reached values from 1.28 mm∙min−1 to 3.16 mm∙min−1. At a depth of 30 mm from the exposed side, the individual charring rates approached a value of 1 mm∙min−1 (0.99 mm∙min−1 to 1.08 mm∙min−1). Observations during medium-scale testing revealed distinct layers forming on the exposed side: a charred layer, charring base, pyrolysis layer, and intact wood. The chemical composition of the wood changed under the influence of the thermal load. The relative contents of extractives and holocellulose decreased with the increasing temperature while the lignin content increased. The highest value of combustion heat was measured in the charred layer of the sample. Correlation analysis demonstrated a negative relationship between the combustion heat and holocellulose, while a positive correlation was found with the lignin content. Chemical changes were also monitored using the FTIR method. These findings provide valuable insights into the behavior of historic pine wood under thermal loading, which is essential for understanding and preserving historical structures.