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Lot
1009

1776 $1 Continental Dollar, CURRENCY, Pewter, EG FECIT MS63 NGC....

2009 August Los Angeles, CA US Coin Auction #1128

 
Sold for: Not Sold
Auction Ended On: Jul 31, 2009
Item Activity: 7 Internet/mail/phone bidders
874 page views
Location:

Hyatt Regency Century Plaza
2025 Avenue of the Stars
Los Angeles, CA 90067

Description:
Remarkable 1776 Continental Dollar, EG FECIT Variety
Newman 3-D, Hodder 3-B, MS63
1776 $1 Continental Dollar, CURRENCY, Pewter, EG FECIT MS63 NGC. Newman 3-D, Hodder 3-B, W-8460, Low R.4. The Continental Currency coinage holds the 12th spot among the 100 greatest U.S. coins, according to Jeff Garrett and Ron Guth. "To celebrate their newly found independence and to show the world that they were a sovereign nation capable of producing their own coins, the Continental Congress initiated a plan to produce the first American coins." While the intention was clearly to make pieces in silver, an expected supply of that metal never materialized, and pewter was substituted, probably due to a similar appearance. The coins obviously circulated to some extent, as many worn pieces survive today, evidence of their actual use in commerce. Examples in all three compositions, brass, silver, and pewter, show signs of wear from slight to extensive.
This Select Mint State representative has even dark gray patina, with splashes of deeper toning. Both sides have light to moderate surface marks as expected for the grade, although none stand out from the others. Traces of faint blue and champagne toning can be spotted when the coin is turned under a light source. The strike is bold and well centered, with complete borders on each side, although they are tight in areas. The opportunity to bid on two Mint State examples of this variety in one sale is unprecedented in recent numismatic history. Census: 1 in 63, 7 finer (6/09). (PCGS# 795)

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