1776 $1 CURRENCY, Silver MS (PCGS# 796)

2014 May 16 - 17 Selections from the Eric P. Newman Collection IV Signature Auction - New York #1199

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    30423
  • Grade:
    MS63
  • Price:
    $1,410,000.00
Lot Description
1776 $1 Continental Dollar, CURRENCY, Silver, EG FECIT MS63 NGC. Newman 3-D, W-8470, R.8. This coin is truly magnificent. Only two examples of the Newman 3-D variety in silver are known, and this is the finer by a wide margin. There are also two Newman 1-C dollars in silver, bringing the total of silver Continental Currency dollars extant to four: The present coin is the finest silver Continental Currency dollar and the most desirable of the Continental Currency coinage. Heritage Auctions is privileged to offer at auction this spectacular MS63 example for the first time since its appearance in lot 2132 of the George Earle Collection (Henry Chapman, 6/1912), more than 100 years ago. Eric P. Newman published The 1776 Continental Currency Coinage in 1952, and the work remains the standard reference for the series today. The Continental Currency dollars were struck primarily in pewter, but a few examples are known in brass and silver. Newman identified five obverse and four reverse dies, which were combined to produce seven different die varieties for the series, ranging from Newman 1-A to 5-D. On obverse 1, the word currency is spelled CURENCY; on obverse 2, it is properly spelled CURRENCY; on obverse 3, the spelling is as on obverse 2, with the addition of EG FECIT (appearing only on this obverse); on obverse 4, the spelling is altered to CURRENCEY; and on obverse 5, the spelling is corrected to CURRENCY by punching a Y over the excess E, and adding a floriated cross to cover the extra Y. The reverses are as follows: reverse A shows the linked chain made up of dotted lines; on reverse B, the dots are partially cut into lines; the rings have been completely reworked as lines on reverse C; and reverse D has the same linked chain, but the names of the states appearing within have been reordered geographically, with N.HAMPS now to the left of MASSACHS. Eric P. Newman, Don Taxay, Walter Breen, Philip Mossman, and Michael Hodder spent many years researching theā€¦
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