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Lot
1008

1776 $1 Continental Dollar, CURRENCY, Pewter MS64 NGC....

2009 August Los Angeles, CA US Coin Auction #1128

 
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Auction Ended On: Jul 31, 2009
Item Activity: 10 Internet/mail/phone bidders
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Location:

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

Description:
Splendid 1776 Continental Dollar, CURRENCY Variety
Newman 2-C, Hodder 2-A.3, MS64
1776 $1 Continental Dollar, CURRENCY, Pewter MS64 NGC. Newman 2-C, Hodder 2-A.3, W-8455, R.4. Today we estimate that 1,000 to 1,300 examples of Continental Currency coinage exist in all grades. In the absence of original mintage records, it is impossible to know how many were originally struck. Even an estimated survival rate is impossible to determine, although research in other coinage issues from the 1790s suggest that survival rates range from 3% to 10% of the original mintage. If the same survival estimates apply to the Continental Currency pieces, we can suggest a broad range of 10,000 to 39,000 coins for the production of these coins. We have already seen that there were two groups of dies employed for the Continental coins. Most numismatists believe that the workmanship is so similar that the same die sinker created all of the dies. James Spillman suggested an alternate hypothesis that two different artists made the two groups of dies during a competition to select a die maker.
This splendid example has lovely light gray surfaces with darker gray patina, and traces of champagne toning on the reverse. Considerable evidence remains of fully prooflike fields on the obverse and reverse. Typical surface marks are grade-consistent, without problems of any significance. The strike is bold and the eye appeal is excellent. Few Continental pieces have been certified in the highest grades. NGC Census: 7 in 64, 2 finer (6/09). (PCGS# 794)

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