It is a common fact that a frequently repeated theory tends to gain propulsion over time, often transmuting to ordinary credited points. That is the case with the continental dollar coin produced during the colonial period. However, it is so unfortunate that little is known about these coins.
The continental dollar coins are the initial patterned coins to hit the U.S. market. The design of this coin is unique, attracting numerous numismatics. Below are seven surprising facts about the 1776 continental dollar coin.
Surprising Facts About The 1776 Continental Dollar Coin
- No Documentation Supporting The Approval Of The Coin
One of the most amazing facts about the 1776 continental currency is that no documentation supports its approval. There is no single document showing the concession of this coin. This phenomenon is hard to know if the American government approved the use of this coin.
- The Word Currency Is Misspelled.
If you look at the obverse of the 1776 continental currency, you will realize that the word ‘currency’ is misspelled. Numerous theories are trying to explain the phenomenon. Most numismatics say that the design and minting were rushed, creating such an error. The question is, why would they speed the production of the first patterned coin of America?
- Elements Of The Continental Dollar
After the American Revolution War started, the U.S. began minting its currency. Collectors estimate that 6000 pieces of the continental money were stamped with the production likely to occur in New York.
The primary element used to make these coins is pewter. Pewter is a malleable metal alloy made of copper, tin, antimony, bismuth, and silver.
Experts say that only 100 pieces of this rare coin are remaining. The scarcity of this coin is not
because of its age. Some believe these coins were melted into other resources during the war.
- Association With Benjamin Franklin
Another fascinating fact about the 1776 continental currency that many collectors appreciate is the association with Benjamin Franklin. This gentleman is responsible for the design of both sides of the coin.
- Icons Of The 1776 Continental Currency
One side of the coin show sunshine rays glittering on the sundial. On the same side is a ‘Fugio’ symbol, which translates to ‘I flee’ in Latin. Below the sundial is written mind your business. These words portray a complete message that time flies, so mind your business.
- The Thirteen Chain Links
On the other side of the coin, thirteen chain links are visible, symbolizing the thirteen original colonies of America. The portrait of this chain was a symbol to encourage solidarity among the American citizens.
The coin was minted when every citizen was required to contribute something to the country’s economy. Everyone knew the importance of hard work to achieve great things.
- Roughness Of The Coin
Another interesting fact about this colonial coin is its roughness. This roughness was a secret to distinguishing the cash from the British counterfeits.
The 1776 continental currency is scarce to find. That is because there are varieties of silver and brass instead of pewter. To distinguish the correct continental coin from the other types, consider the above facts.