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1792 Continental Currency - 229 Years Old - $250.00 - Two Hundred & Fifty Dollars

Currency:CAD Category:Coins & Paper Money / Paper Money - Confederate Notes Start Price:75.00 CAD
1792 Continental Currency - 229 Years Old - $250.00 - Two Hundred & Fifty Dollars
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1792 Continental Currency for $250.00 - Two Hundred & Fifty Dollars issued #1165 on December 30, 1792.

During the American Revolution, the Colonies became independent states. No longer subject to arbitrarily imposed monetary regulations by the British Parliament, the States began to issue paper money, to pay for military expenses.
The Continental Congress also issued paper money during the Revolution known as 'Continental currency' in order to fund the war effort.

Another Currency Act, in 1764, extended the restrictions to the colonies south of New England. Unlike the earlier act, this act did not prohibit the colonies in question from issuing paper money but it forbade them to designate their currency as legal tender for public or private debts. That prohibition created tension between the colonies and the mother country and has sometimes been seen as a contributing factor in the coming of the American Revolution.

After much lobbying, Parliament amended the act in 1773, permitting the colonies to issue paper currency as legal tender for public debts. Shortly thereafter, some colonies once again began issuing paper money. When the American Revolutionary War began in 1775, all of the rebel colonies, soon to be independent states, issued paper money to pay for military expenses. This is that currency, hard to find; exquisitely rare.