1776 $1 CURRENCY, Pewter MS (PCGS# 794)

The June 2012 Baltimore Auction

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Lot Description
1776 Continental Dollar. CURRENCY. Newman 2-C, W-8455. Pewter. EF-45 (PCGS). CAC. Deep steel gray with some slate highlights scattered here and there. Despite the soft metallic content of the issue, the surfaces are remarkably attractive, although under a glass some little marks can be seen, normal for the issue. The 1776 Continental dollar or "unit" was one of the coins that led the charge into today's relatively strong numismatic marketplace -- not many years ago an EF example would have garnered less than $10,000. Oh how the times -- and market -- have changed! Choice for the grade and certain to elicit hearty bidding activity.<br /> <br /> <strong>Numismatic Reflections by Q. David Bowers<br /> </strong>The ownership of a 1776 Continental dollar has always been a point of pride, representing as it does one of the most patriotic motifs in American history. The same design was used on Continental Currency notes, including of small denominations. When the dollar coin was issued, the production of $1 notes was discontinued.<br /> Research by Eric P. Newman has suggested that Elisha Gallaudet engraved the dies, a clue being provided by the initials E.G. on certain varieties. Little is known concerning the place of production and the quantity minted, although these dollars seem to have been very popular in their time. The present coin is indeed a very attractive example.<br /> <div><br /> </div> <br /> <iframe width="560" height="315" src="http://www.youtube.com/embed/AeUXSR4G2Ws" frameborder="0"></iframe>
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