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***Auction Highlight*** Continental Currency January 14, 1779 $3 CC-95 Sig. L. Lyone & R. Roberts Gr

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:510.00 - 1,020.00 USD
***Auction Highlight*** Continental Currency January 14, 1779 $3 CC-95 Sig. L. Lyone & R. Roberts Gr
***Auction Highlight*** Continental Currency January 14, 1779 $3 CC-95 Sig. L. Lyone & R. Roberts Grades Select CU. Tied for 5th Finest Known. With its bold orange color and fresh originality, this bill attracts attention. The margins are complete on all sides and ample in places. The back is nicely centered with perfect face to back registration. This is a wonderful example of the two-color printing technique, used only on this last emission of Continental Currency. The emblem illustrates the Eye of Providence, all-seeing, shining down on thirteen stars. The motto is CONFEDERATION. The nature print is poterium. 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.