Poor 1. It is as low as it gets on Dr. William
H. Sheldon’s 1 to 70 grading scale that’s used today for U.S. coins.
The grade is generally defined as representing a coin that’s clear
enough to identify, with a date and Mint mark that may be nearly worn
smooth and a reverse that can be nearly blank as all the details have
worn. Generally, it’s hard to find a Poor 1 coin that doesn’t have
another problem, like corrosion/environmental damage, harsh cleaning
or rim damage.
1776 Continental CURENCY Dollar, Pewter, Poor/Fair Details, Damaged
Collectors have long desired 1776 Continental Currency dollars, as
they are often thought of as America’s first dollar coins. Continental
Currency dollars were struck in silver as well, but are most commonly
seen in pewter. Curiously, this variety — Newman 1-C in Eric P.
Newman’s reference to the series — has the CURENCY spelling rather
than the intended CURRENCY. This erroneous obverse die was used with
multiple reverse dies.
Heritage observed, “Those in search of an entry-level Continental
dollar need look no further,” and observed no evidence of corrosion or
major marks save a thin, dull horizontal scratch passing through the E
in CURENCY. Many details remain including most of the letters in
AMERICAN CONGRESS on the obverse and WE ARE ONE on the reverse.
The historical dollar, graded Poor/Fair Details, Damaged, by
Professional Coin Grading Service, sold for $4,465 at Heritage’s
February Long Beach auction. It was the rare instance of an example
selling for under five figures.
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