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Sale 44
Pre-Long Beach Coin and Currency Auction
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Description |
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Lot 929 |
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1776 Continental Currency. "CURRENCY". Pewter. . Breen-1092, Small N in AMERICAN. Newman 2-C. PCGS graded AU-55 CAC Verified. Some lustre still visable, mainly on the reverse. Well struck with even grey toning. Highly radiant and largely bright in the areas around the intricate linked chains and throughout the obverse sunrays, etc. They naturally toned gray highlights on both sides give it a lovely antique appearance. All but fully struck on the names of the states and borders of the chain links, with just a insubstantial touch of weakness at the lowest left quadrant on the reverse where the centering is a trifle off. An historic offering for the strong buyer of American Colonial coins.
The reader seeking further material is urged to borrow a copy of The 1776 Continental Currency Coinage by Eric P. Newman, published as part of The Coin Collector's Journal, July-August, 1952, as well as a number of articles by the same author in The Numismatist in subsequent years.
Although this issue has been referred to as a "Dollar" -- as most pieces were struck in pewter and as only a few were made in silver -- it has been put forward the pewter pieces may in fact have circulated as a smaller denomination, possibly the Cent. Another idea is that the piece was in fact intended as a Dollar coin and was simply fiat money in the sense of contemporary Continental paper money. (The design used on the 1776 Continental "Dollar" is derived from one of the paper note issues.) Pop 6; 24 finer, 8 in 58, 1 in 61, 4 in 62, 7 in 63, 4 in 64 (PCGS # 794) .
Estimated Value $35,000 - 40,000.
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