*HIGHLIGHT OF NIGHT* 1776 Continental $1, CURRENCY, Pewter, EG FECIT Newman 3-D R4 ms63 details SEGS

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  Lot #456  (Sale Order: 304 of 583)  
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***Auction Highlight*** 1776 $1 Continental Dollar, CURRENCY, Pewter, EG FECIT Newman 3-D R-4 Graded ms63 details By SEGS. HIGHLIGHT OF THE NIGHT – Up for Auction is an Uncirculated 1776 Continental Dollar, “EG FECIT” Variety. There has been considerable debate in the last few years regarding the origin and intended purpose of these pieces that are traditionally called "Continental dollars" or "Continental Currency." The variety offered here is signed "EG Fecit" meaning someone whose initials were EG engraved the dies. Eric P. Newman identified the engraver as Elisha Gallaudet.Numismatic tradition suggests that these pieces were coined in New York or in Philadelphia and possibly intended as a substitute for the paper dollar. The denomination is suggested due to the size similarity to the Spanish milled dollar that circulated in colonial America. Today, several varieties are known in brass, pewter, and silver.The earliest known illustration of these pieces was in the German book Historical and Genealogical Almanac, or Yearbook of the Most Remarkable New World Events for 1784, by Matthias Christian Sprengel and published in 1783. For the benefit of German readers, the inscriptions on the illustrated pieces were translated into the German language. Another reference published a few years later was Bishop Richard Watkins' Chemical Essays that suggested the coins were American in origin. After noting that James II melted down the brass guns of Ireland for coinage known today as gun money, the author observed that the American Congress had recourse to the same expedient.Others have disputed the American origin of these pieces, suggesting that they were struck in Europe in the early 1780s, and that they were offered for sale as medals, rather than circulating coinage. An early European collector, Lady Sarah Sophia Banks observed that these pieces were never current, and that they were struck on speculation in Europe for sale in America.This impressive piece has brilliant light and medium gray color, lighter in the fields and darker on the devices. Both sides have satiny luster, especially in the protected areas. Some very small areas of environmental damage is the reason for the details designation. An exceptional quality piece for the advanced numismatic student. I’ve Searched all sources and can only find 1 other ‘EG FECIT’ Continental Dollars for sale in the world today. The single coin is listed both on Ebay and on Collectors Corner. On Ebay its listed at $131,300 and on Collectors Corner $125,000. As ours is ms63 Details, I feel $90k-$100k would be what we would anticipate this coin realizing. I wish you good Luck. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation

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This item is part of Breathtaking Spring Coin Consigns Auction 6 of 6
 Thursday, Jun 17, 2021 | 5:45 PM  Eastern
 
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*HIGHLIGHT OF NIGHT* 1776 Continental $1, CURRENCY, Pewter, EG FECIT Newman 3-D R4 ms63 details SEGS
*HIGHLIGHT OF NIGHT* 1776 Continental $1, CURRENCY, Pewter, EG FECIT Newman 3-D R4 ms63 details SEGS
Lot number: 456
Seller: Key Date Coins
Event: Breathtaking Spring Coin Consigns Auction 6 of 6
Ends: Thursday, June 17 | 5:45 PM  Eastern

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