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The Continental Currency dollar coin (also known as Continental dollar coin, Fugio dollar, or Franklin dollar) was the first pattern coin struck for the United States. [1] [2] The coins, which were designed by Benjamin Franklin, were minted in 1776 and examples were made on pewter, brass, and silver planchets. [3]
By the end of 1778, Continentals retained from 1 ⁄ 5 to 1 ⁄ 7 of their face value. By 1780, the bills were worth 1 ⁄ 40 of their face value. Congress attempted to reform the currency by removing the old bills from circulation and issuing new ones, without success.
Regardless of when struck, each coin bears the double date 1776–1976 on the normal obverses for the Washington quarter, Kennedy half dollar and Eisenhower dollar. No coins dated 1975 of any of the three denominations were minted. Given past abuses in the system, the Mint advocated against the issuance of commemorative coins starting in the 1950s.
One dollar will be worth a lot more than that — as a rare 1776 continental dollar coin is set to go to auction next month. Wotton Auction Rooms told CBS News in an email that one of its clients ...
People with visions of instant wealth usually buy a lottery ticket or hit the casino. Most don't think about searching for rare coins. But if you come across the right one, it could turn you into a...
Coins of the United States dollar – aside from those of the earlier Continental currency – were first minted in 1792. New coins have been produced annually and they comprise a significant aspect of the United States currency system. Circulating coins exist in denominations of 1¢ (i.e. 1 cent or $0.01), 5
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