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1776 $1 Continental Dollar, CURENCY, Pewter MS62 PCGS....

2008 May Long Beach, CA Signature Auction #1108

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Auction Ended On: May 29, 2008
Item Activity: 14 Internet/mail/phone bidders
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Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103B,C

Magnificent MS62 1776 CURENCY Continental Dollar
Rare Early Die State, Struck in Pewter
1776 $1 Continental Dollar, CURENCY, Pewter MS62 PCGS. Newman 1-C, Hodder-1.A2, Breen-1089, R.3. The same die pair was used to strike all Continental dollars that contain the blundered legend CURENCY. Nonetheless, researcher Eric Newman assigned three different reverse varieties, since the reverse die was recut for Newman 1-B, and recut again for Newman 1-C. Only two examples are known for Newman 1-A, both in brass. Those pieces have beaded links to represent the 13 former colonies. The very rare Newman 1-B has partly beaded links, and is known in tin, brass, and copper.
The present piece is Newman 1-C, since the rings are unbeaded. However, it is an early die state with complete glory rays near the RESS in CONGRESS and the M in R in AMERICAN. There is also no sign of the die break that eventually connects the tops of the GI in FUGIO. There is a period below the N in AMERICAN, unlike Newman 1-B, which shows a comma. Although few numismatists can afford to collect die states of Continental dollars, the present early die state is nonetheless rare and merits a premium over the usual attenuated glory rays Newman 1-C.
Perhaps of greater interest to the type collector, the present piece is exceptionally attractive for a Continental dollar. Aside from a small spot near the G in FUGIO, there is no sign of the "tin pest" that affects most known examples. The dove-gray surfaces appear undisturbed to the unaided eye, and extended perusal beneath a loupe locates only faint and unobtrusive obverse field marks. The strike is consistent throughout. Although higher grade pieces are known, this handsome, problem-free, Mint State example is certain to excite even the veteran Early American specialist, and will be the cornerstone of any Colonial collection. Listed on page 81 of the 2008 Guide Book. Population: 11 in 62, 26 finer (4/08). (PCGS# 791)

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