best explanation WINS

I would like to offer my brand new 2012 WORLD COIN BOOK as a prize to the person who gives me the best explanation to my question...you dont have to be an expert to answer this one its based on common sense rather than expertise

you see there is very little known about the 1776 continential currency coin

what is known is...

• from 1776 -1787 there was a shortage of silver and the only metal available for coins was copper.
• it was illegal to accept anything but silver in china
• silver coins had to be chop marked or countermarked to prove they were legitimate before accepted.
• many copper coins were made privately and goverment approved for presentation bit never went to production most only a few copies. Counterfit included
• in 1792 it was documented that silver plated coins were being made in england
• the coins being used at the time in America were english
• the 1776 coin was similar in ways to the spanish dollar which was used in HONG KONG
• one type of chop mark is relief and says YONG HONG a chinese name
• if a coin was silver and countermarked it was acceptable in china

these are just a few facts i have found ...if you read about thomas machin it may help you with this question \

I will choose the best answer today at 6 pm you must include one piece of documented information to back up..and i will send you as many pics as you like if you need them just ask

thanks

 

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omg

 

What's the question , perfesser?

 

OH I forgt to ask the question



SORRY !!!

Why wuld anyone make a coin out of copper then silver plate it and stamp HONG KONG on it

also just to let you know it appears the coin has been defaced to remove the words that make this coin what it is ...a symbol of freedom in America and replace them with HONG KONG

 

nevermind

 

hey HOBO ....you gotta admit if nothing else it put a smile on your face !!

 

Good answer ...

 

Well

I don't think I have a chance knowing the answer since, I can't figure out what the question is :dismay:



Oh now I see the question but I am still just as clueless.

Mike

 

two things wrong with this statement. first, england ceased being called england in 1707, when it joined in union with scotland and became known as the kingdom of great britain. hence, the american fought the british, not the english.

http://en.wikipedia.org/wiki/Acts_of_Union_1707

second, the spanish 8 reales, also called a pillar dollar, or a piece of eight, was LEGAL TENDER in the united states up until the civil war.

http://www.coinsite.com/content/faq/8RealesMilledPillar.asp

 

people from england are british....people from scotland are british and people from northern ireland are British .....and they all live in GREAT BRITIAN what does that have to do with the question

definatley not a contender

 

So, this actually has silver plating? Or is it just silver-like?

 

Very Interesting.

"Tao Kuang, Emperor of China from 1820 to 1840, issued an Imperial Edict, ordering that the only form of payment Chinese merchants could lawfully accept for the goods they sold to foreigners was silver coins. This attempt to stop barter caused the English to seek a commodity that Chinese merchants wanted badly enough to risk Imperial wrath to pay for it with silver. "




"countermarks used by Chinese bankers and merchants stamped on coins as a defense against debased counterfeit coins. Chopmarks also signified that a coin's composition had been verified and that it was acceptable for use in trade"

http://www.1messydesk.com/chopmarks/chopmarks.html

These were marked to varify that the coin was "legal," since silver was the only legal coinage in China.

 

to be honest I have to find out for sure but it looks like a silver coin to me .... if you were a chinese merchant in 1790 I believe it would look like a silver coin to you....and the countermark HONG KONG would remove any doubt

of course soner or later they realized there werer fake coins with countermarks and then things really became complicated ...... but at first this coin would have been accepted by most if not all chinses merchants as well as the rest of the worlds merchants .....for a while anyway.

what a good way to turn two pennies into a dollar !!

 

oopps looks like someone else made the same mistake and called those people from england ENGLISH ....

 

According to the American Numismatic Associate it states;

The Continental Currency piece is similar in style to the Fugio cent, but is about the size of a silver dollar. The monetary denomination of the Continental Currency piece remains uncertain today, so we hesitate to label it a coin. However, most numismatists believe the item held some type of legal-tender value during the Colonial era.

The obverse features a sun and sundial, with the wording "Mind Your Business." The word "Fugio" is written to the left with "Continental Currency" and the date 1776 around the perimeter.

Benjamin Franklin has been credited with creating the reverse legend. The words "We Are One" are centered inside a circle reading "American Congress" and thirteen circles linked as a chain surround the perimeter. On each circle is name of one of the original thirteen colonies that united to become the first thirteen states in 1776.

Continental Currency pieces were originally struck in pewter, brass and silver. The spelling on genuine specimens varies between "curency" and "currency." Numerous cast and struck copies have been made and sold as souvenir pieces. Authentication is recommended.

There is no mention of a 1776 copper coin plated with silver, but if I had to guess, I would say that the plated copper coin is a forgery due to the low value of copper and than plated with silver to be acceptable in china.

Many symbols and characters are not translatable into English. Among those that are, F.M. Rose cited the following meanings, wealth, wood, and Yong Kim Hong (Siamese banker).

If a coin was silver and countermarked, it was accepted in China. It is possible that Yong Hong was a scammer.

 

Come on HOBO ......I'm all ears :bow:


:welcome:.and waiting to hear your fact based explanation .....!!:hail:

 

this guy was trying to sell that coin??? do i win????:yes:

 

My explanation: It is a coin filler. If you don't have one and want to get a hold of one, get a replica filler. China makes a lot of these. And by using "Hong Kong" they don't have to use a "COPY" Stamp.

 

There were a few copies in silver but they are rare

Metrology of the Continental Currency coinage is simple. Examples are known in brass, pewter, and silver. The pewter pieces are common, those in brass are rare, and examples in silver are extremely rare

In his 1988 ​

Complete Encyclopedia, Walter Breen recorded many Continental Currency varieties in various compositions. He recorded various pieces in brass, copper, tin [in place of pewter], and silver.

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