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Lot
10083

1776 $1 Continental Dollar, CURENCY, Pewter MS63 PCGS. Newman 1-C, Hodder 1-A.3, R.3. A simply stunning example of this ver...

2005 July San Francisco, CA (ANA) Signature Auction #382

 
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Auction Ended On: Jul 28, 2005
Item Activity: 11 Internet/mail/phone bidders Number of Bidders
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Description:
Highly Appealing 1776 Curency Continental Dollar
1776 $1 Continental Dollar, CURENCY, Pewter MS63 PCGS. Newman 1-C, Hodder 1-A.3, R.3. A simply stunning example of this very popular Colonial issue. The surfaces are a delicate light steel gray color, precisely what one would hope for, and there are no signs of the usual tin pesting or spotting which so frequently mars these tin or pewter coins. Satiny luster abounds, and the fields are of excellent quality for the grade. A later die state with the arcing crack through the O to second T of CONTINENTAL. This particular coin is identifiable by a dull nick centered above the N of CONTINENTAL and a similar small nick on the Y of YORKE within the chain on the reverse. Far and away nicer than the majority of survivors, this attractive Mint State coin is certain to be a centerpiece of an advanced collection. Always in strong demand for the date 1776, the year of our Declaration of Independence, and the sundial and chain motifs. About as fine as this issue is ever found, and certain to please most numismatists for its color, quality and rarity. Population: 13 in 63, 7 finer (6/05).
The dies were engraved by Elisha Gallaudet who was known for his ornamental engraving on the New York Water Works notes with the sundial and links. The sundial referred to using ones limited time wisely, FUGIO--or I (time or the sun) am fleeing. Therefore, all people should use their time wisely.
At the time these were designed, it was hoped that the French would supply a significant amount of silver bullion, from which large numbers of these could be coined. The bullion never arrived, and most of these were struck using a tin or pewter mixture, with just a couple struck in the available silver. Listed on page 39 of the 2005 Guide Book.
From The Melrose Bay Collection.(#791) (PCGS# 791)

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