A rare coin discovered in a toffee tin could fetch an impressive $39,000 at auction, despite once being valued much higher. Wotton Auction Rooms, an auction house in England, found the coin while assessing items from a private seller. The discovery has sparked excitement among coin collectors and experts alike.
Discovery of the 1776 Continental Dollar Coin
The Continental Dollar, dating back to 1776, was unearthed in a toffee tin filled with jewelry, carved stones, and fossils. Joseph Trinder, the auctioneer, described the process:
Among various valuable items, the coin stood out as a remarkable find. Measuring 38 millimeters across and made of pewter, this coin is also known as the Fugio Dollar.
Unique Design Features
The obverse (front) of the Continental Dollar showcases 13 chain links, symbolizing the unity of the Thirteen Colonies. The reverse (back) features a sundial along with the word “Fugio,” which means “I fly” in Latin. Trinder stated that this discovery is among the top five of his career, something every auctioneer dreams of finding.
Only about 6,000 Continental Dollars were made, and it’s estimated that only around 100 exist today. The rarity of this coin, along with its historical significance, adds to its value.
Authentication Process
Due to the rarity of the coin and the prevalence of fakes, it was sent back to the U.S. for authentication. The Numismatic Guaranty Company confirmed that the coin is genuine after extensive examination, including X-rays and other scientific tests.
Wotton Auction Rooms stated that they couldn’t find any record of another Continental Dollar found in the UK.
Table of Important Information
| Detail | Description |
|---|---|
| Year Minted | 1776 |
| Material | Pewter |
| Diameter | 38 mm |
| Estimated Current Value | $26,000 – $39,000 |
| Estimated Coins Remaining | ~100 |
| Auction Date | October 3 |
| Auction House | Wotton Auction Rooms |
Auction Details
The Continental Dollar is set to be auctioned at Wotton Auction Rooms on October 3. With its fascinating history and controversy surrounding its origins, many collectors are eagerly anticipating the sale.
Expert Opinions on the 1776 Continental Dollar
Greg Bennick, a coin expert with 40 years of experience, who provided insight into the coin’s significance. Bennick, a board member of two major U.S. coin organizations, highlighted the ongoing controversy surrounding the Continental Dollar.
For many years, collectors believed that the Continental Dollar was minted in the U.S. in 1776. However, recent research suggests that these coins may have been produced in the UK, possibly as souvenirs.
Historically, the Continental Dollar has sold for high prices, including a record $230,000 in 2009. Recently, one sold for $39,600 in August. Bennick predicts that this particular coin may sell for between $26,000 and $39,000 due to the questions surrounding its originality.
Conclusion
The story of the Continental Dollar coin is more than just a tale of a rare find; it reflects the ongoing debates and discoveries in numismatics (the study of coins). As this unique piece of American history prepares for auction, collectors are watching closely. The coin not only represents a part of America’s fight for independence but also highlights the ever-evolving understanding of historical artifacts. This auction will likely spark more interest in the Continental Dollar and could shape its value in the future.
FAQ’s
What is the Continental Dollar?
The Continental Dollar, also known as the Fugio Dollar, is a coin minted in 1776 that symbolizes the unity of the Thirteen Colonies.
Why is this coin controversial?
The controversy arises from debates over its origin. Some experts believe it was minted in the UK, while many collectors thought it was made in the U.S.
How much is the Continental Dollar expected to sell for?
Experts predict it will sell for between $26,000 and $39,000 at auction.