716
Continental Currency May 10, 1775 $3 Fr-CC3 Grades vg, very good
Currency:USD
Category:Coins & Paper Money
Start Price:4.00 USD
Estimated At:150.00 - 300.00 USD
SOLD
85.00USDto floor+ buyer's premium
This item SOLD at 2021 Jun 09 @ 20:34UTC-04:00 : AST/EDT
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Continental Currency May 10, 1775 $3 Fr-CC3 Grades vg, very good. As with the $1 and $2 of this issue, Three Dollar notes are extremely rare. The PMG census indicates a total of 47 Continentals graded through and including the Three Dollar denomination, with only a single Uncirculated piece of this denomination at cu60. . The vignette is of an eagle and a heron fighting. The motto EXITUS IN DUBIO EST translates to "The outcome is in doubt.". An emission totaling $3,000,000 payable in Spanish milled dollars, or the equivalent in gold or silver, was authorized by the Continental Congress resolution of May 10, 1775 and approved by resolutions of June 23-24 and July 25, 1775 and put into circulation in August. The money, for "The United Colonies", was to be used to pay war expenses and was to be redeemed from taxes collected by the colonies. The paper, made at Ivy Mills in Chester County, Pennsylvania, contained blue fibers and mica flakes and was similar to the type used on Pennsylvania currency. The exception was the unique $20 denomination which was printed on paper made by Benjamin Franklin (thin white paper that had the left side polychromed by marbling). This bill is also a different size from the other denominations. The bills were printed by Hall and Sellers in Philadelphia using border cuts, emblem cuts, nature prints and hand set type. Apparently, thirty six of the borders were designed and cut by David Rittenhouse. The bills were signed with red and brown ink and numbered in dark red ink. Counterfeit detectors were on pink paper except for the $20, which was on blue paper. Denominations printed were the: $1, $2, $3, $4, $5, $6, $7, $8, $20 and $30.
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
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Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
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