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1776 $1 Continental Dollar, CURRENCEY, Pewter MS63 NGC. CAC. Plain Edge. Newman 4-D, Breen-1097, W-8475, High R.7. ...
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Sold on Nov 14, 2014 for:
$381,875.00
Bid Source: Live: Phone bidder
Description
1776 Newman 4-D Continental Dollar, MS63
Extremely Rare CURRENCEY Variant
The Finest of Four Known
1776 $1 Continental Dollar, CURRENCEY, Pewter MS63 NGC. CAC.
Plain Edge. Newman 4-D, Breen-1097, W-8475, High R.7. 285.4
grains, 89% tin, 7% lead, 2% antimony per NGC metallurgical tests.
Plated in the Whitman Encyclopedia of Colonial and Early
American Coins. The obverse has a smaller date than is found on
the other obverse dies, first engraved 7776 with the die modified
so that the first digit would resemble a 1.The Select Mint State Eric P. Newman coin is the finest of just four examples of the variety known, and the only one that survives in Mint State. Considerable white luster appears on both sides of this Select Mint State piece, with delicate grayish-gold toning. The reverse die crack connecting several rings is less advanced than on the 3-D above. However, other examples of 3-D are known in an earlier die state. Die alignment is 210 degrees, the reverse rotated to 7 o'clock.
After a small number of pieces were struck, the obverse die was modified to correct the spelling error. First, a Y was punched over the second E in CURRENCEY. Next, a floral design was placed over the final letter. The result was Newman 5-D, also an extremely rare variety with only three documented examples. An example of the latter variety that we offered in our July-August 2009 Los Angeles sale has the reverse in a slightly later die state that is nearly identical. Die state evidence shows a Reverse D emission sequence of Newman 3-D, 4-D, 5-D, and a remarriage of 3-D.
Attempting an actual census of this variety poses challenges. We know of the present MS63 NGC example from the Waldo Newcomer and "Colonel" Green Collections, and an XF example that appeared in the Roper and Ford sales. Michael Hodder wrote in the Ford catalog that four examples are known, including the Newman coin that he mistakenly stated was ex Boyd. In addition to the Ford coin, he continued to state that two others are owned privately. Since Hodder described the Ford coin as "The Finest Available to Collectors" on the then logical assumption that the Newman coin would never be available, we assume that the other two privately held pieces are in lower grades than the XF Ford coin. Therefore, this piece from the Eric P. Newman Collection is by far the finest example known.
Ex: Waldo Newcomer; B. Max Mehl; "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $400.00; Eric P. Newman Numismatic Education Society.
Coin Index Numbers: (NGC ID# 2AYW, PCGS# 797, Greysheet# 82)
Auction Info
2014 November 14 - 15 Selections from the Eric P. Newman Collection Part V US Coins Signature Auction - New York #1215 (go to Auction Home page)
Auction Dates
November, 2014
14th-15th
Friday-Saturday
Bids + Registered Phone Bidders: 15
Lot Tracking Activity: N/A
Page Views: 3,542
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
Truth Seeker: The Life of Eric P. Newman (softcover)
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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