Continental Currency dollar coin – Wikipedia

early United States coin

Continental Currency dollar coin
United States
Value 1 Continental dollar (not specified on coin)
Mass 15–19 g
Diameter ≈38 mm
Thickness 6 mm
Composition Pewter, brass, or silver
Years of minting 1776
Obverse
1776 Continental Currency dollar coin obverse.jpg
Design “Mind Your Business”, Sun, and sundial, surrounded by “Continental Currency” (misspelled on some varieties) and date
Designer Benjamin Franklin
Design date 1776
Reverse
1776 Continental Currency dollar coin reverse.jpg
Design “We Are One”, 13 state chain links
Designer Benjamin Franklin
Design date 1776

The Continental Currency dollar coin ( besides known as Continental dollar coin, Fugio dollar, or Franklin dollar ) was the first traffic pattern coin struck for the United States. [ 1 ] [ 2 ] The coins were minted in 1776 and examples were made on pewter, brass, and silver planchets. [ 3 ]

history [edit ]

The United States started issuing its own banknotes in 1776 after the starting signal of the American Revolutionary War, denominated in Continental Currency. While no legislation authorizing a dollar mint has been discovered, no resolutions from July 22, 1776 through September 26, 1778 mentioned the one-dollar bill, suggesting that it was to have been replaced by a coin. [ 4 ]

Benjamin Franklin designed both sides of the coin. [ 2 ] The obverse features the Sun shining sunlight on a sundial, the Latin motto “ Fugio ” ( I flee/fly ), and “ Mind your business ”, a rebus meaning “ time flies, so mind your business ”. [ 1 ] The overrule features 13 chain links representing a plea for the Thirteen Colonies to remain connect. [ 1 ]

controversy over coin status [edit ]

An article in the January 2018 write out of The Numismatist argued that the Continental Currency dollar coin may not have been a coin at all, but a nominal produced in Great Britain as a memento. The article cited the fact that there is no contemporary criminal record of the pieces having been commissioned by the Continental Congress or in the anywhere in the colonies until hanker after the revolution. [ 5 ]

production [edit ]

Elisha Gallaudet engraved the mint dies, according to numismatist Eric P. Newman. [ 6 ] An estimated 6,000 coins were minted, credibly in New York. [ 7 ] nowadays, about a hundred dollars survive, struck in pewter. [ 3 ] Historians surmise that much of the original coinage was melted ascribable to wartime need for the admixture. [ 4 ] only a few silver examples are known to exist. This typography was most probably standard for circulation. however, the idea of a silver dollar might have been scrapped, as the United States had no dependable provide of silver medal during the war. [ 4 ] respective brass trial strikings are besides known. [ 8 ]

Varieties [edit ]

As with other early United States coinage, the dies for the Continental dollar mint were hand-punched, meaning no two dies were the same. One of the know obverse varieties was unintentionally made with “ CURRENCY ” misspelled “ CURENCY ”. [ 3 ] Another variety, known as the “ ornament Date ”, was besides made with a misspelled “ CURRENCY ”, this time as “ CURRENCEY ”. The blurt out die was corrected by punching a “ yttrium ” over the “ E ” and an cosmetic figure was engraved over the master “ Y ”. [ 9 ]

belated function of the design [edit ]

The 1787 Fugio cent, the first formally circulated mint of the United States, incorporated many elements of the design of the Continental Currency coin.

An adaptation of the Continental Currency dollar mint appears on the reverse of the “ Founding Father ” diverseness of the 2006 Benjamin Franklin silver dollar. [ 10 ]

See besides [edit ]

References [edit ]

source : https://ontopwiki.com
Category : Finance

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