1778 So-Called Dollar HK-863, Continental Congress Confederation

Coin Details

Auction Record

$312 UNC Details 08-20-2019 Stack's Bowers

Description

HK-863 is a tin Continental Dollar restrike, reproducing the design whose FUGIO motto and linked-rings reverse later inspired the 1787 Fugio Cent, the first coin authorized by the United States Congress. Prof. Montroville W. Dickeson produced Continental Dollar copies during the 1876 United States Centennial celebration in Philadelphia. Thomas K. DeLorey's planchet analysis corrected the earlier attribution of these pieces to Thomas L. Elder. Dickeson struck pieces primarily in white metal (hundreds) and copper (a few handfuls), with limited production in silver (only 50 according to John W. Haseltine), plus gold, pewter, and lead variants. These Centennial restrikes are cataloged as HK-852 through HK-856. 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-863; PCGS #643620