The Continental Currency pieces were probably made to serve in lieu of a paper dollar, but the exact nature of their monetary role is still unclear. They were the first silver dollar–sized coins ever proposed for the United States, and may have been intended as a substitute for the paper dollar. One obverse die was engraved by someone whose initials were E.G. (undoubtedly Elisha Gallaudet) and is marked EG FECIT (“EG Made It”). Studies of the coinage show that there may have been two separate emissions made at different mints. The link design on the reverse was suggested by Benjamin Franklin.
Varieties result from differences in the spelling of the word CURRENCY and the addition of EG FECIT on the obverse. These coins were struck in pewter, brass, and silver. Pewter pieces probably served as a dollar, substituting for paper currency of this design that was never issued. Brass and silver pieces may have been experimental or patterns. Pewter pieces in original bright Uncirculated condition are worth an additional premium.
Numerous copies and replicas of these coins have been made over the years. Authentication is recommended for all pieces.