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SERIES: U.S. Colonial Issues
LEVEL: Year, MintMark, & Major Variety

1776 $1 CURRENCY, Silver (Regular Strike)

PCGS #:
796
Diameter:
Designer:
Weight:
Edge:
Mintage:
Metal Content:
Other
Auction Record:
$1,527,500 • NGC MS62 • 1-7-2015 • Heritage
Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 2 R-9.9 1 / 1 4 / 12 TIE
60 or Better 1 R-10.0 1 / 1 1 / 12
65 or Better 0 R-10.1 1 / 1 1 / 12
Condition Census (Explain)
Pos Grade Thumbnail Pedigree and History
1 MS63 estimated grade  

British auction (possibly Sotheby’s 12/1886) - S.H. & H. Chapman “Frank McCoye Collection” 5/1887:238, withdrawn - George H. Earle, Jr. Collection - Henry Chapman 6/1912:2132, $2,200 - Waldo C. Newcomer Collection (inventory #2751) - Col. E.H.R. Green Collection - Burdette G. Johnson - Mary Cruzan, sold privately in 5/1956 for $2,500 - Eric P. Newman Collection - Heritage 5/2014:30423, $1,410,000

2 AU58 estimated grade  

1914 ANS Exhbition coin

H.O. Granberg, purchased sometime before 1911 - Stack's 12/1947:10 - F.C.C. Boyd Collection and Estate - John J. Ford, Jr.; Ford Collection - Stack's 10/2003:7 (as Raw Extremely Fine), $425,500 - Jon Hanson (as agent?) - Donald Groves Partrick Collection - Heritage 1/2015:5842, $1,527,500

Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS63 estimated grade  

British auction (possibly Sotheby’s 12/1886) - S.H. & H. Chapman “Frank McCoye Collection” 5/1887:238, withdrawn - George H. Earle, Jr. Collection - Henry Chapman 6/1912:2132, $2,200 - Waldo C. Newcomer Collection (inventory #2751) - Col. E.H.R. Green Collection - Burdette G. Johnson - Mary Cruzan, sold privately in 5/1956 for $2,500 - Eric P. Newman Collection - Heritage 5/2014:30423, $1,410,000

2 AU58 estimated grade  

1914 ANS Exhbition coin

H.O. Granberg, purchased sometime before 1911 - Stack's 12/1947:10 - F.C.C. Boyd Collection and Estate - John J. Ford, Jr.; Ford Collection - Stack's 10/2003:7 (as Raw Extremely Fine), $425,500 - Jon Hanson (as agent?) - Donald Groves Partrick Collection - Heritage 1/2015:5842, $1,527,500

David Hall: There are only two known of this rarity.

 


P. Scott Rubin: The Continental Currency or Dollar of 1776 struck in silver with EG FECIT within the circle that also contains the word FUGIO, is represented by only two specimens. The finer of the two is graded MS-63 by NGC. This coin now resides in the Eric P. Newman Collection and should be considered one of the most valuable of all U.S. coinage.

This coin is the finest of only four Continental Currency coins struck in silver, making it the finest of the first Silver Dollars struck by the American Congress as our government was called on the coins themselves.

This pre-dates the Nova Constellation Mark (or 1000) by six years and the 1794 Silver Dollars by eighteen years.

The Newman coin is said to have first appeared in a British Sale in 1886, this is stated in the Chapman's 5/1887 Sale of the Mc Coye Collection it was lot 238 but the coin was withdrawn, in Henry Chapman’s 1912 Earle Sale this coin was lot number 2132 and it realized $2,200.00 quite a sum for the time period. The coin next was in the collection of Waldo Newcomer who loaned this coin to the ANS’s 1914 Exhibition where it was joined on display by H.O. Granberg’s specimen which is the only other known coin struck in silver from these dies. The 1914 Exhibition book however only plates the Newcomer coin since it is the finer of the two known.

The Granberg coin latter appeared in Stack’s 12/11/1947 Sale as lot 10 and most recently in Stack’s October, 2003 John J. Ford, Jr. Sale Part 1 as lot 7 where the coin was graded Extremely Fine and brought $425,500.

The Newman coin is slated to be sold in the May, 2014 auction of his collection where Heritage will off a major portion of Newman's Colonial collection.