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Lot
3694

1776 $1 Continental Dollar, CURENCY, Pewter MS61 NGC. Crosby pl. VIII, Newman 1-C, W-8445, R.3....

2014 February 27 - 28 & March 2 ANA National Money Show US Coins Signature Auction - Atlanta #1203

 
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Auction Ended On: Feb 27, 2014
Item Activity: 17 Internet/mail/phone bidders
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Location: Cobb Galleria Centre
Two Galleria Parkway
Atlanta, GA
30339
Description:

1776 Continental Dollar, MS61
Pewter, CURENCY, Newman 1-C
1776 $1 Continental Dollar, CURENCY, Pewter MS61 NGC. Crosby pl. VIII, Newman 1-C, W-8445, R.3. Today, we consider the obverse of this design to include the date and sundial with the reverse containing the 13 interlinked rings bearing the state names. In 1875, however, Sylvester S. Crosby considered the obverse and reverse to be exactly opposite. The design of these coins was taken from a similar motif appearing on Colonial Currency notes, prompting the "dollar" description for these coins; however, also suggesting that they may have been a fiat coinage that was intended only as a substitute for paper money, and never intended to have any intrinsic value.

In the Whitman Encyclopedia of Colonial and Early American Coins, Q. David Bowers states, "It was likely intended that the pewter Continental dollar coin serve in place of the $1 note during the latter part of 1776." These coins are therefore often collected by those who specialize in silver dollars, and most collectors have waited a long time for just the right example. The Continental Currency coinage is also important from a historical standpoint, bearing the 1776 date of our nation's founding.

This is a remarkable Mint State example of the pewter Continental Currency coinage with the misspelling CURENCY. The surfaces are light gray with considerable prooflike finish. A few minor blemishes are visible on each side; however, the overall aesthetic appeal of this example is quite high. The strike is generally bold, although the sun is incompletely defined, as is the opposite portion of the reverse. Although a few examples are known in brass, copper, and silver, nearly all Continental Currency pieces have pewter composition. Listed on page 81 of the 2014 Guide Book.
Ex: Karl Scheible Collection (Heritage, 8/2004), lot 5042; Cincinnati Central States (Heritage, 4/2009), lot 2004, lot 2004; Pittsburgh Signature (Heritage, 10/2011), lot 3009, which realized $57,500. (PCGS# 791)

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