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

The January 2013 Americana Sale

  • Auctioneer:
    Stack's/Bowers
  • Lot Number:
    10774
  • Grade:
    AU58
  • Price:
    $61,688.00
Lot Description
1776 Continental Dollar. CURENCY. Newman 1-C, W-8445. Pewter. AU-58 (PCGS). Secure Holder. The present coin was almost certainly produced first in this series as the pewter impressions of Newman's 1-C variety with the CURENCY spelling are the earliest die usage of this series. Always near and dear to the hearts of colonial specialists for the blundered spelling and the important date of 1776, these Continental dollars have been highly collected for generations. After the CURENCY variety was issued, next followed by the Newman 2-C CURRENCY Continental dollars. These later issues are believed to have been struck next, probably in either Philadelphia or Lancaster after the Continental Congress fled to Pennsylvania upon the fall of New York City to British forces in September of 1776. There is not much separating this lovely survivor from a full Mint State grade, nothing in fact save for a trace of minor rub and scattered obverse handling marks. A flurry of small nicks are noted on CU(RENCY) and below which will serve to identify this prized issue. A Brilliant luster flashes into view at more direct angles, the outward appearance a warmer, even, pewter-gray color. The strike is well centered and bold, although we do note significant rotation of the reverse die. No traces of die rust (have appeared on the reverse, indicating that Newman 2-C was struck after the Newman 1-C CURENCY variety (both share the same reverse), and also suggesting that the reverse die rusted during the flight from New York City to Pennsylvania, probably due to careless packaging and/or handling attributable to the chaos of the period. A very attractive piece that is sure to see spirited bidding at auction. Historically significant as a type!
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