Chicago Old Money Rare Coin Collection 12 Part 2 Day 1
By Key Date Coins
Mar 23, 2023
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
The auction has ended

LOT 2441:

Continental Currency September 26th, 1778 $5 Fr-CC79 Graded vf25 By PMG. The currency authorization amplified ...

catalog
  Previous item
Next item 
Sold for: $140
Start price:
$ 120
Estimated price :
$140 - $280
Buyer's Premium: 18%
Auction took place on Mar 23, 2023 at Key Date Coins
tags:

Continental Currency September 26th, 1778 $5 Fr-CC79 Graded vf25 By PMG. The currency authorization amplified with this issue to just over $75,000,000. Many notes from the date were issued simultaneously with those following January 14, 1779, resolution. Additional $50 and $60 denominations were added with emblems designed by Francis Hopkinson (signer of the Declaration of Independence). The hand bleeding from thorns emblem and SUSTINE VEL ABSTINE motto are on the front. New nature-print backs (with crossed willow leaves) and ornaments were used. This lowest denomination from the resolution. Emissions totaling $75,001,080 payable in Spanish milled dollars, or the equivalent in gold or silver, were authorized by nine separate resolutions between September 26, 1778 and July 17, 1779. A large portion was authorized and issued simultaneously with the issue of January 14, 1779. This emission was the first issue of the Continental $50 and $60 denominations which were designed by Francis Hopkinson. The entire series has new nature prints on the reverse as well as new typeset ornamental borders. By the date of this issue the Congress officially valued the currency at $4.00 in Contenental dollars for $1 in specie. Printed by Hall and Sellers in Philadelphia. The paper, made at Ivy Mills in Chester County, Pennsylvania, contained blue fibers and mica flakes. Detector bills were printed on blue paper. Denominations printed were the: $5, $7, $8, $20, $30, $40, $50 and $60.

catalog
  Previous item
Next item