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***Auction Highlight*** 1785 Pointed Rays Nova Constellatio Colonial Cent 1c Graded vf25 By SEGS (fc
Currency:USD
Category:Coins & Paper Money
Start Price:25.00 USD
Estimated At:310.00 - 620.00 USD
SOLD
400.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2021 Jun 15 @ 23:19UTC-4 : AST/EDT
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A full invoice should be emailed to the winner by the auctioneer within a day or two.
***Auction Highlight*** 1785 Pointed Rays Nova Constellatio Colonial Cent 1c Graded vf25 By SEGS. Up for auction is a 1785 Nova Constellatio Pointed Rays. This copper token was created based on Robert Morris’ original 1783 Nova Constellatio coin. What is a Robert Morris Original 1783 Constellatio you ask??? Well It just so happens I have that answer :The Nova Constellatio patterns were the culmination of two years of work on the part of Robert Morris,[5] the Founding Father credited with financing the Revolutionary War. Morris was unanimously elected the Nation’s first Superintendent of Finance in 1781; on February 21st of the following year, Congress passed the following resolution:That Congress approve of the establishment of a mint; and, that the Superintendent of finance be, and hereby is directed to prepare and report to Congress a plan for establishing and conducting the same.[6]The financier’s plan, developed with his assistant, Gouverneur Morris,[7] was ambitious: he hoped to unite the fledgling Nation with a monetary unit that would allow for easy conversion from British, Spanish, Portuguese, or State currencies to U.S. funds.[8] More importantly, Morris’s proposal would be the first system of coinage in Western Europe or the Americas to use decimal accounting – an innovation that has been adopted by every nation on earth in the last two centuries.[9]Due to the new government’s precarious financial situation, Congress did not put Morris’s plan into effect; however, Morris's decimal innovation was not lost on two of the Founding Fathers who examined Morris’s pattern coins: Alexander Hamilton and Thomas Jefferson, the primary architects of the U.S. Dollar. Both men became champions of the decimal concept after examining Morris’s coins.[10]While Thomas Jefferson was in possession of the Nova Constellatio coins, he wrote a report entitled “Notes on the Establishment of a Money Unit and of Coinage for the United States”; in it, Jefferson concluded:The Financier, therefore, in his report, well proposes that our Coins should be in decimal proportions to one another. If we adopt the Dollar for our Unit, we should strike four coins, one of gold, two of silver, and one of copper, viz.:1. A golden piece, equal in value to ten dollars:2. The Unit or Dollar itself, of silver:3. The tenth of a Dollar, of silver also:4. The hundredth of a Dollar, of copper.[11]This is the first written description of the monetary system ultimately adopted by the United States, clearly illustrating the historical importance of Morris's patterns A Corey's Pick, Bid to Win, Don't let it get Away Coin
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
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Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
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