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Lot
3160

1776 $1 Continental Dollar, CURRENCY, Pewter Fine 12 NGC. Newman 2-C, Hodder 2-A.3, W-8455, R.4....

2010 October Stamford Coinfest Signature US Coin Auction #1145

 
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Auction Ended On: Oct 28, 2010
Item Activity: 14 Internet/mail/phone bidders
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Location: Marriott Stamford Hotel & Spa
243 Tresser Boulevard
Stamford, CT 06901
Description:

The Famous 1776 Continental Dollar
CURRENCY, Newman 2-C, Fine 12
1776 $1 Continental Dollar, CURRENCY, Pewter Fine 12 NGC. Newman 2-C, Hodder 2-A.3, W-8455, R.4. It is quite interesting that there is virtually no contemporary documentation of the origin of the famous Continental dollars. While Continental Currency paper money was authorized by various Congressional resolutions, there was no mention of a dollar-sized coin. Numismatists speculate that since the July 22, 1776 authorization for paper money omitted the one dollar denomination, the Continental dollar coins were struck around that time. These coins were engraved by Elisha Gallaudet, a New York City silversmith, and some--if not all--were likely struck in that location. However, with the British capture of New York in late summer, there is some speculation that a second minting occurred somewhere in Pennsylvania after the Continental Congress relocated to Philadelphia.
These issues are scarce and highly prized by numismatists. This example has charming pale gray patina and no significant marks. The sundial motif in the center of the obverse is not fully defined, but the peripheral letters are boldly struck. The reverse is particularly nice and all of the colony names are fully readable. A very collectible example of the only coin authorized by the Continental Congress. Listed on page 81 of the 2011 Guide Book. MRB Fine 12. (PCGS# 794)

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