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Lot 2140 |
1776 $1 Continental Dollar, CURRENCY, Pewter, EG FECIT AU53 NGC....
2008 May Long Beach, CA Signature Auction #1108
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Bid Information
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It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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Reserve Met:
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What's This?
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What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$35,793.75
(includes BP  ) Bid Source: Live: Floor |
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| Make Offer: |
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| Auction Ended On: | May 29, 2008 | |
| Item Activity: |
11 Internet/mail/phone bidders
1,613 page views |
Description:
Memorable 1776 Pewter Continental Dollar
CURRENCY, EG FECIT, AU53
1776 $1 Continental Dollar, CURRENCY, Pewter, EG FECIT AU53 NGC. Crosby Pl. VIII, Newman 3-D, Breen-1095, R.3. The precise status of the so-called Continental dollar is unclear in the economy of the early United States is not precisely known. It may have been intended to retire circulating Continental paper currency, and it may well have also served as a pattern for a planned issuance of silver dollars. What is nearly certain is that Elisha Gallaudet is the EG who engraved at least one set of dies--hence the EG FECIT on this variety. What is beyond a doubt is that these pieces, whatever their precise nature, are incredibly popular with collectors today. As the only dollar-sized U.S. numismatic issue dated 1776, they are collected by many alongside the early U.S. federal silver dollars. Also beyond the shadow of a doubt is that Benjamin Franklin's stamp is all over these pieces, even if he did not personally sign them. The MIND YOUR BUSINESS under the sundial does not mean "Mind your own business" in the modern sense of "Stay out of others' affairs," but much more "Make hay while the sun shines."
Gallaudet was previously known for his work on the Feb. 17, 1776, Continental Currency fractional notes, also bearing sundial and links, after sketches by Franklin. The thematic similarity between the paper and pewter pieces suggests that one was clearly intended as backing or complement to the other.
This piece has lovely silver-gray surfaces with premium appeal. The E in FECIT is soft, perhaps due to die filling, and some minor planchet flaws and rim irregularities appear here and there. However, this piece has a far above-average appearance compared to many pieces seen in the marketplace. In particular, all of the entwined links on the reverse are boldly struck up, with little of the weakness usually seen on those details, and all lettering on the state abbreviations legible to bold within the links. This wonderful piece presents a memorable opportunity for the collector of historic U.S. coinage. Listed on page 81 of the 2009 Guide Book. (#795)
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Shipping Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 169, Lot 5738 | Saturday, March 22, 1997 | 53 | PCGS | $373.75 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
Please use this guide carefully and inform us of any inaccuracies.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 50 | --- | --- | --- | --- | --- | --- | --- |
| 53 | --- | --- | --- | --- | --- | --- | --- |
| 55 | --- | --- | --- | --- | --- | $40,000 | $42,000 |
| *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. | |||||||
Population Guide
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 0 | |||||
| NGC | 53 | 1 | 7 | 9 | - | ||
| CAC | 53 | 0 | 2 | 3 | - | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions. | |||||||
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We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
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