The 1776-dated Continental Currency buck is collected together early American coins, but its roots are uncertain, as Whitman’s brand new variant of A Guide Book of Continental Currency and Coins by Q. David Bowers clarifies. Those source concerns do not stop prices from being quite excited about those when they look in the market, as noticed by the selling of a silver case of $1.14 million in Heritage’s April 22 market, continuing the company’s offering of their Donald G. Partrick Collection.
The item is rated Very Fine 35 by Numismatic Guaranty Corp. and conveys a green Accredited Acceptance Corp. decal signaling quality over the grade.
No modern records establish the source of a metallic, instead of newspaper, Continental Currency bit that takes its designs from paper money published via the Authorization of Feb. 17, 1776. Four silver cases are known, and also the offered lot is one of two known of this Newman 1-C assortment struck from silver. The reverse includes the spelling CURENCY; of those diverse expires,”money” is spelled three unique ways.
The investigators looked at primary sources and modern literature to inquire whether they had been American-made or”only cheap European commemoratives,” simulating several, special questions to maintain a generation of prospective researchers occupied.
The Partrick coin was found in 1987 and supplied by Stack’s in the purchase of property of coin trader Don Corrado Romano, however Romano obtained it stays unknown. It had been bought at the market by John J. Ford Jr. for $99,000, and marketed in Stack’s seventh Ford auction at 2005 for $345,000, then purchased by Partrick via an intermediary. Another famous illustration of the variety in silver, rated Extremely Fine 40 from NGC, realized $1,527,500 in Heritage’s January 2015 Florida United Numismatists convention.
Whitman’s writer Dennis Tucker praised Bowers’ publication for bridging the gap between numismatics and background, and worried the notion of an item being a witness to the creation of america is in the core of the enduring popularity of their 1776-dated Continental bucks. However, Tucker admits that future versions of the”Red Book” can list the problems as awards, as opposed to”American-made experiments, routines, or substitutes for paper money.”