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The E-Sylum: Volume 27, Number 36, September 8, 2024, Article 28

CONTINENTAL DOLLAR DISCOVERED IN U.K.

Another U.K. "toffee tin" find is a pewter 'Continental Dollar' coin. Here's an excerpt from an article from the New York Post. -Editor

UK auctioneer holds slabbed pewter Continental Dollar Wotton Auction Rooms, an auction house based in Gloucestershire, England, recently came across an old coin when evaluating items brought in from a private vendor.

Auctioneer Joseph Trinder said the coin is a continental dollar measuring 38 mm across and is made of pewter, minted in 1776, according to SWNS.

"This coin represents a discovery that is in the top five of my career to date, and the sort of thing every auctioneer up and down the country hopes they'll find," Trinder also said.

With its rarity top of mind, the coin was taken back to the United States for authentication by the Numismatic Guaranty Company based in Sarasota, Florida — and confirmed to be real.

"It was examined by a committee of specialists and X-rayed and put through other scientific tests, and we were delighted to receive a notification a few days ago to tell us that it is genuine," Trinder said to SWNS.

The coin was one item found in a bin of knickknacks, such as jewelry, carved stone and fossils, SWNS reported.

"We had a jolly good look through and made sure we got to the bottom of everything inside," he said.

He added, "There were some really interesting pieces like gold coins and some other valuable items — but languishing at the bottom of this tin of treasures we found this amazing continental dollar coin."

The coin will go up for sale at Wotton Auction Rooms on Oct. 3.

To read the complete article, see:
Rare coin from 1776 found in bottom of toffee tin to sell at auction (https://nypost.com/2024/09/03/lifestyle/rare-coin-from-1776-found-in-bottom-of-toffee-tin-to-sell-at-auction/)

Of course, the popular press often mangles numismatic facts. It's quite unclear where and when the pieces were actually minted, although they are certainly DATED 1776. The U.S. Sun reached out to our own Greg Bennick for comment, who as quoted at least, spoke excitedly with lots of exclamation points!!! -Editor

He noted that collectors believed for many generations that the Continental Dollar was made in the US in 1776.

"Extensive research in the last few years by my friends Erik Goldstein and David McCarthy has suggested somewhat conclusively that these coins were minted in the UK, potentially as souvenirs!" said Bennick.

The Continental Dollars previously racked up a high price tag, with one selling at an auction record of $230,000 in 2009.

"This is a very controversial coin, especially for those who paid $100,000 and up for an example years ago," said the expert.

More recently, one of the coins sold for $39,600 in August this year.

Bennick estimated that the coin would sell for $26,000 to over $39,000 at the auction in October.

"This is because the coins' originality as a piece of numismatic Americana have been in question since the Goldstein/McCarthy articles came out," he said.

Greg adds:

"I didn't speak with any exclamation points. And they came up with the potential auction sale range.

"But other than that it was great to be interviewed!!!!!!!!!!
(exclamation points added intentionally)"

While I don't care for the STYLE of The U.S. Sun and its clickbait headlines, I've noted before that their writers do generally get the basics right in their numismatic articles. Kudos for reaching out to our community for comments. -Editor

To read the earlier E-Sylum article, see:
COLONIAL CLASH Exact date on ‘controversial' coin found inside toffee tin could make it sell for $39k in auction expert predicts (https://www.the-sun.com/money/12359418/controversial-coin-toffee-tin-continental-dollar-exclusive/)

   Continental Dollar obverse Continental Dollar reverse

On the Google Colonial Coins group, Jeff Rock wrote:

"British dealers had trays of them available well into the 1950s and 60s - they would only sell a couple at any time, and only to favored customers when they got down to just a couple trays worth total, raising the prices a bit each year."


NOTES ON THE ORIGINS OF THE CONTINENTAL DOLLAR (https://www.coinbooks.org/v20/esylum_v20n41a16.html)
CONTINENTAL DOLLARS REVISITED (https://www.coinbooks.org/v21/esylum_v21n14a13.html)

To read earlier E-Sylum articles, see:
GOLDSTEIN AND MCCARTHY ON THE CONTINENTAL DOLLAR (https://www.coinbooks.org/v21/esylum_v21n21a21.html)
NEXT STEPS FOR CONTINENTAL DOLLAR RESEARCH (https://www.coinbooks.org/v21/esylum_v21n28a19.html)



Wayne Homren, Editor

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To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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