The enigmatic 1776-dated Continental Dollars have a strong following among numismatists, who have debated their origins. It is possible they are the earliest coins authorized by the United States after its independence, though other evidence points to them being struck as medals, possibly even in Europe. What is not in question is their value; even the most-heavily worn genuine examples easily fetch thousands of dollars at auction.

Genuine 1776 Continental Dollar (Pewter CURENCY variety)

The Continental Dollars were struck in various metal compositions, including brass, pewter and silver, and with various designs. They apparently began with a design that spelled CURENCY with only a single ‘R’ on the obverse and used beads to outline the chain on the reverse. Later, the beads were smoothed into solid lines, while the obverse design is also found with spellings of CURRENCY and CURRENCEY. Due to intense collector interest, restrikes and copies are numerous.

Counterfeit 1776 Continental Dollar (CURENCY variety)

NGC recently received a purported example of a CURENCY variety. The coin is in terrible shape, but the submitter might have assumed its condition was due to being buried in the ground or improperly stored. The surfaces are pitted and uneven and much of the reverse is illegible.

Close-ups of the obverse (left) and
reverse of the counterfeit (right)

Similarly, on the obverse, the motto MIND YOUR BUSINESS is also barely there, and the bottom rays of the sun appear to be blending together. The letters themselves have an unexpected rounded quality. The inferior craftsmanship behind this coin could mean it was originally intended for sale as a novelty at a gift shop or an online platform, and it is almost certainly cast in lead rather than struck by dies in silver or pewter.

If you aren't sure whether you have a coin that is worth thousands of dollars or is merely a cheap knockoff, remember that NGC backs its determinations of authenticity and grade with the NGC Guarantee.