Mind Your Business
GFourDriver
Posts: 2,366 ✭
1776 Pewter Continental Dollar PCGS AU58 on Heritage
What will it hammer at? Do you like it? I need a drool bib.
Continental
edited to add pics
What will it hammer at? Do you like it? I need a drool bib.
Continental
edited to add pics
0
Comments
-Paul
<< <i>No idea as to hammer price, but if there was one "dream" coin to own it would be that one...in silver. >>
I'd take a nice on in pewter, but for this issue, the train as passed me by on this one. Back when I was a young collector I could have swung one, but it was a risky buy. Deceptive copies of this coin are as thick as fleas, and certification was almost non existent.
<< <i>
<< <i>No idea as to hammer price, but if there was one "dream" coin to own it would be that one...in silver. >>
I'd take a nice on in pewter, but for this issue, the train as passed me by on this one. Back when I was a young collector I could have swung one, but it was a risky buy. Deceptive copies of this coin are as thick as fleas, and certification was almost non existent. >>
Maybe I'm jaded by their price relative to their rarity and also by the pieces I usually see on the market. But, off the top of my head, here's what I think:
1. While one or two varieties may be extremely rare, I don't believe they are rare as a type. I would estimate that they are R-2 to R-3 as a type. This, to me, does not justify their price.
2. The ones I recall seeing most frequently on the market are conserved and terrible looking, usually in NCS slabs it seems.
3. The 1776 date is cool. But I don't think they ever actually circulated as legal tender - at least not much. I think that if they did, they would have taken over as the coin of choice to replace the 8 reales. I say that knowing that most people during the colonial period could barely afford low denomination copper pieces, much less something as valuable as full 8 real coins or their equivalents.
4. While their design is cool - as is the fact that they were designed by Franklin - I like the later adaptation of this design as used on the Fugios much better, especially with the "Mind Your Business" motto so prominently displayed on Fugios.
Bottom line...Continental Dollars are not super rarities and their prices seem too high (in my opinion) when compared to legitimate super rarities in the colonial series.
OK, I put some thought into that last post...and nobody wants to comment or debate further?
<< <i>Continental Dollars are known and desired by mainstream collectors as well as specialists. But mainstream collectors may want one because 1) it has the 1776 date; 2) it was designed by Ben Franklin; and 3) they believe it circulated in the newly independent American colonies as regular issue coinage. This third reason may be a major contributor for why the prices for these coins are so high.
Maybe I'm jaded by their price relative to their rarity and also by the pieces I usually see on the market. But, off the top of my head, here's what I think:
1. While one or two varieties may be extremely rare, I don't believe they are rare as a type. I would estimate that they are R-2 to R-3 as a type. This, to me, does not justify their price.
2. The ones I recall seeing most frequently on the market are conserved and terrible looking, usually in NCS slabs it seems.
3. The 1776 date is cool. But I don't think they ever actually circulated as legal tender - at least not much. I think that if they did, they would have taken over as the coin of choice to replace the 8 reales. I say that knowing that most people during the colonial period could barely afford low denomination copper pieces, much less something as valuable as full 8 real coins or their equivalents.
4. While their design is cool - as is the fact that they were designed by Franklin - I like the later adaptation of this design as used on the Fugios much better, especially with the "Mind Your Business" motto so prominently displayed on Fugios.
Hey now, well put!
Bottom line...Continental Dollars are not super rarities and their prices seem too high (in my opinion) when compared to legitimate super rarities in the colonial series. >>