785

***Auction Highlight*** Continental Currency January 14, 1779 $60 CC-99 Signatues W. Ransay, P. Ferr

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:1,750.00 - 3,500.00 USD
***Auction Highlight*** Continental Currency January 14, 1779 $60 CC-99 Signatues W. Ransay, P. Ferr
***Auction Highlight*** Continental Currency January 14, 1779 $60 CC-99 Signatues W. Ransay, P. Ferrall Gem CU. Strong signatures remain on this colorful example. The emblem includes the earth, and the motto is from Psalm 97, DEUS REGNAT EXULTET TERRA (God reigns, let the earth rejoice). The attractive nature print is willow and poison hemlock. 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 Continental 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.