LOT #3694 |
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1776 $1 Continental Dollar, CURENCY, Pewter MS61 NGC. Crosby pl. VIII, Newman 1-C, W-8445, R.3....
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Sold on Feb 27, 2014 for:
$76,375.00
Bid Source: Live: Phone bidder
Description
1776 Continental Dollar, MS61
Pewter, CURENCY, Newman 1-C
1776 $1 Continental Dollar, CURENCY, Pewter MS61 NGC. Crosby pl.
VIII, Newman 1-C, W-8445, R.3. Today, we consider the obverse
of this design to include the date and sundial with the reverse
containing the 13 interlinked rings bearing the state names. In
1875, however, Sylvester S. Crosby considered the obverse and
reverse to be exactly opposite. The design of these coins was taken
from a similar motif appearing on Colonial Currency notes,
prompting the "dollar" description for these coins; however, also
suggesting that they may have been a fiat coinage that was intended
only as a substitute for paper money, and never intended to have
any intrinsic value.In the Whitman Encyclopedia of Colonial and Early American Coins, Q. David Bowers states, "It was likely intended that the pewter Continental dollar coin serve in place of the $1 note during the latter part of 1776." These coins are therefore often collected by those who specialize in silver dollars, and most collectors have waited a long time for just the right example. The Continental Currency coinage is also important from a historical standpoint, bearing the 1776 date of our nation's founding.
This is a remarkable Mint State example of the pewter Continental Currency coinage with the misspelling CURENCY. The surfaces are light gray with considerable prooflike finish. A few minor blemishes are visible on each side; however, the overall aesthetic appeal of this example is quite high. The strike is generally bold, although the sun is incompletely defined, as is the opposite portion of the reverse. Although a few examples are known in brass, copper, and silver, nearly all Continental Currency pieces have pewter composition. Listed on page 81 of the 2014 Guide Book.
Ex: Karl Scheible Collection (Heritage, 8/2004), lot 5042; Cincinnati Central States (Heritage, 4/2009), lot 2004, lot 2004; Pittsburgh Signature (Heritage, 10/2011), lot 3009, which realized $57,500.
Coin Index Numbers: (NGC ID# 2AYN, PCGS# 791, Greysheet# 76)
Auction Info
2014 February 27 - 28 & March 2 ANA National Money Show US Coins Signature Auction - Atlanta #1203 (go to Auction Home page)
Auction Dates
Feb-Mar, 2014
27th-2nd
Thursday-Sunday
Bids + Registered Phone Bidders: 40
Lot Tracking Activity: N/A
Page Views: 4,606
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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