There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
3008

1776 $1 Continental Dollar, CURRENCY, Pewter AU55 PCGS. Newman 2-C; W-8455, R.3. ...

2012 July 12-15 US Coin Summer FUN Signature Auction - Orlando #1172

 
Sold for: Sign-in or Join (free & quick)
Make Offer:
Make Offer to Owner

The owner of this Item has been actively participating in the Make Offer to Owner program.
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jul 12, 2012
Item Activity: 9 Internet/mail/phone bidders
5,232 page views
Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:

1776 Continental Dollar, AU55
Newman 2-C
CURRENCY Spelling
1776 $1 Continental Dollar, CURRENCY, Pewter AU55 PCGS. Newman 2-C; W-8455, R.3. Little evidence exists of the history of the Continental Currency coins, although it is certain that they were struck in 1776 as the date suggests. They were almost certainly produced in New York, and Michael Hodder believes they were minted in the late summer, just prior the British capture of the city in September. It is thought that these pieces were made to replace the paper dollar, and in fact, the New York paper money issue of August 13, 1776, omitted that denomination.
Although a few silver and brass impressions are known, nearly all surviving examples are pewter pieces. There was little silver available for coinage at the time, so most likely the pewter pieces were intended as dollar coins, equivalent to the Spanish Milled dollar. A proposed copper coinage was also rumored, according to an article in the June 27, 1776, issue of the New York Journal. The article was part of a "Letter from Philadelphia, Dated 25th June 1776:"

We hear it is proposed, that after three months, the currency of all Copper Coin made of base metal, or wanting in weight, is to be totally suppressed, and that the rest is to pass at the rate of 15 for an eighth part of a Dollar. And if it shall appear that there is not a sufficiency for common use, that it will be all called in, and a new impression struck of Continental Copper Coin, of a larger size, twelve of which is to pass for an Eighth of a Dollar, after which no other Coppers are to pass current.


This Choice AU specimen is an outstanding representative of the 1776 coinage issue, with medium gray surfaces and lighter gray luster in the protected areas. A few scattered marks are expected, given the grade and age of this historic piece. A tiny planchet crack is noted at 3 o'clock on the obverse and at 7:30 on the rotated reverse. Listed on page 85 of the 2013 Guide Book.
Ex: Barrington Sale (Kingswood Auctions, Bowers and Merena, 8/1990), lot 6149; Dr. Joseph M. Seventko Collection; Atlanta Signature Sale (Heritage, 8/2001), lot 5111. (PCGS# 794)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
938,619
bidder-members
$887,505,700
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 13 days left to consign to the 2015 September 16 - 22 LB Expo World Coins Signature Auction - Long Beach!
Learn About Consigning With Us
My family and I would not have this amazing keepsake memory of my dad's collection without all the hard work, beautiful photos, tasteful layout and eloquent descriptions that you and your team did.
Sheri Reid Grant,
Auburn Hills, MI
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach
2015 June 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $16,999,788
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
REALIZED $6,505,243
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
REALIZED $10,592,191
COIN AND
CURRENCY SURVEY
You could win!
Take the Survey