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Lot
3008

1776 $1 Continental Dollar, CURRENCY, Pewter AU58 NGC. Newman 2-C, Hodder 2-A.3, W-8455, R.4....

2011 February Long Beach Signature US Coin Auction #1152

 
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Auction Ended On: Feb 3, 2011
Item Activity: 15 Internet/mail/phone bidders
5,024 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Impressive 1776 Continental Dollar, AU58
CURRENCY, Newman 2-C
1776 $1 Continental Dollar, CURRENCY, Pewter AU58 NGC. Newman 2-C, Hodder 2-A.3, W-8455, R.4. The CURRENCY obverse corrects the misspelled word CURENCY of the first obverse. The usual die state has minor rust within a few of the rings on the reverse. Given the number of pieces that exist today, the original production must have been quite substantial. Certainly several thousand pieces were minted in 1776, although there is no contemporary documentation to provide any clues.
Speculation is that the Continental Dollars, or whatever denomination they are, were struck in the summer of 1776, shortly after the signing of the Declaration of Independence. The reasoning is that the Continental currency issue of July 22, 1776 omitted notes of the one dollar denomination. But if the coins were actually intended for a different denomination, the argument would be illogical. We know so little about the Continental coinage, and have so many questions.
This lovely piece is a remarkable representative of the mysterious coinage. The surfaces are light gray with some splashes of deeper gray. Both sides have reflective, nearly prooflike fields, and only a few minor surface marks are evident on each side. The most obvious blemish, one that will undoubtedly serve as a provenance marker in the future, is a small dark corrosion spot over the left side of the second R in CURRENCY. Listed on page 81 of the 2011 Guide Book. Census: 1 in 58, 18 finer (1/11). (PCGS# 794)

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