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***Auction Highlight*** Continental Currency Spetember 26th, 1778 $60 Fr-CC86 Sig. L. Lyone & R. Rob

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:800.00 - 1,600.00 USD
***Auction Highlight*** Continental Currency Spetember 26th, 1778 $60 Fr-CC86 Sig. L. Lyone & R. Rob
***Auction Highlight*** Continental Currency Spetember 26th, 1778 $60 Fr-CC86 Sig. L. Lyone & R. Roberts Grades Choice CU. A respectably margined, well printed note that retains bold signatures. This issue saw the introduction of new emblems and border cuts on the $50 and $60 denominations that were designed by Francis Hopkinson. Hopkinson has been credited by many as a designer of the American flag and he was a signer of the Declaration of Independence. The print on the back is small archery items. 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.