1776 $1 CURENCY, Pewter MS (PCGS# 791)

The June 2011 Baltimore Auction

  • Auctioneer:
    Stack's/Bowers
  • Lot Number:
    232
  • Grade:
    AU58
  • Price:
    $57,500.00
Lot Description
This is a somewhat&nbsp;later state of the Newman 1-C die marriage, the obverse with a prominent chip out of the die at the tops of the letters GI in FUGIO. It is likely that the first obverse die cut for the 1776 Continental dollars is that with the CURENCY misspelling. If so, and if Michael Hodder's assertion (quoted in the 2009 book <em>Whitman Encyclopedia of Colonial and Early American Coins </em>by Q. David Bowers) is correct, the pewter strikings from this die constitute the majority of Continental dollars struck in New York&nbsp;in the summer of 1776 before the city was captured by British forces in September. (Based on the number of examples extant for each type, it seems that a similar number of pewter strikings of the CURRENCY and EG FECIT types were struck in Pennsylvania after the mint establishment relocated there alongside the Continental Congress.) The exact number of examples struck is unknown, however, as no records survive&nbsp;with any information that could&nbsp;be used even to estimate mintage figures for the various Continental dollar types. Based on auction appearances and private treaty sales over the years, however, it is obvious that Continental dollars as a group are very scarce coins, and even the more frequently encountered pewter strikings can be considered rare from the standpoint of availability in the numismatic market of the early 21st century.<br /> &nbsp;&nbsp;&nbsp;&nbsp;A very handsome piece sporting original dove-gray and steel-gray patina, the former color dominates the outward appearance on both sides. The latter is actually confined to a few splashes of toning&nbsp;here and there on the obverse. The obverse is well centered in strike, the reverse a bit less so, although all devices on both sides are clearly evident, if not sharply defined in the absence of all but light rub. A few minor, well scattered handling marks are insignificant for the assigned grade. The historical significance of these pieces coupled with their elu
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