1778 So-Called Dollar HK-858, Continental Congress Confederation

Coin Details

Auction Record

$2,280 MS65PL 09-21-2022 Stack's Bowers

Description

Cataloged as HK-858, this tin Continental Dollar restrike carries the legendary FUGIO sundial and linked-rings design attributed to Benjamin Franklin. In 1962, Robert Bashlow acquired Dickeson's dies and commissioned August C. Frank Co. of Philadelphia to produce restrikes: 2,000 silver pieces (HK-852a, with small 'S' on reverse), 5,000 bronze (HK-853a), and 3,000 goldine/golden brass (HK-856a). Separately, Empire Coin Company had 7,200 white metal pieces (HK-854a) struck by John Pinches, Ltd. of England. Bashlow donated the dies to the Smithsonian Institution and also produced restrikes of the 1616 Sommer Islands, J.J. Conway $5 Gold, and the 1861 Confederate States Half Dollar. The Continental Currency Dollar of 1776 is one of the most iconic pieces in early American numismatics. Its obverse features a sundial with the sun's rays, the Latin motto FUGIO ('I fly,' referring to time), and MIND YOUR BUSINESS — a rebus attributed to Benjamin Franklin meaning 'time flies, so attend to your affairs.' The reverse displays thirteen linked rings, each bearing a colony's name, surrounding AMERICAN CONGRESS and WE ARE ONE. Dies were cut by Elisha Gallaudet, a New York engraver, who struck the pieces using a makeshift private mint in Freehold, New Jersey. The original was produced in pewter, brass, and silver, though no contemporaneous authorization from the Continental Congress has been found. The so-called dollar collecting community has grown significantly since the Hibler-Kappen catalog's initial publication, with specialized dealers, dedicated reference works, and an active collector base supporting a market that values historical significance, artistic merit, rarity, and condition. Heritage Auctions, Stack's Bowers, and other major numismatic auction houses regularly feature so-called dollars in their sales.

Rarity Notes

Confederation Dollar variants in the HK-858 through HK-866 range survive in moderate numbers. Various compositions exist across the series. These pieces attract interest from collectors of both so-called dollars and early American coinage reproductions.

Cross References

HK-858; PCGS #643607