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***Auction Highlight*** Continental Currency January 14, 1779 $3 CC-101 Sig. B. Brannan & R. Roberts

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:750.00 - 1,500.00 USD
***Auction Highlight*** Continental Currency January 14, 1779 $3 CC-101 Sig. B. Brannan & R. Roberts
***Auction Highlight*** Continental Currency January 14, 1779 $3 CC-101 Sig. B. Brannan & R. Roberts Grades CU Details. 4th Finest Known PMG Has only Ever Graded A 3 other notes as CU 2 as cu64 and 1 at cu66 Which sold at auction in 4/22/15 at $5,875. This $70 denomination was produced only in this final issue and comes under considerable additional collector pressure for that reason, as it's needed for a denomination set. Numbering and one signature in red ink, the other signature in black ink. The emblem on the front shows a single tree with the motto: "VIM PROCELLARUM QUADRENNIUM SUSTINUIT" (For four years it has withstood the force of the storm). The nature print on the back displays a maple leaf. The paper contains blue fibers and mica flakes. It is watermarked UNITED / STATES on two lines and oriented to be read from the front. Emissions totaling $95,051,695 payable in Spanish milled dollars, or the equivalent in gold or silver, were authorized by seven separate resolutions between January 14 and November 29, 1779. $50,000,000 of this was to be used to exchange the for the recall of the May 20, 1777 and April 11, 1778 issues. A new border cut used the legend "United States of North America" and on the reverse are a new series of leaf and cloth nature prints. Also emblems and mottos were cut in a smaller size and part of the emblem and left border of the obverse were printed in red with the remainder in black. Francis Hopkinson designed the new $35, $45, $70 and $80 bills (the last two replacing the $7 and $8), others designed the new $55 and $65 bills. Detector bills were printed in red and black on blue paper. By the date of this issue the Congress officially valued the currency at $7.42 in Contenental dollars for $1 in specie. Printed by Hall and Sellers Philadelphia The paper, made at Ivy Mills in Chester County, Pennsylvania, contained blue fibers and mica flakes. Denominations printed were the: $1, $2, $3, $4, $5, $20, $30, $35, $40, $45, $50, $55, $60, $65, $70 and $80.