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All Posts Tagged With: "Continental Currency"

Complete Collection of all 102 Continental Currency Friedberg Examples to be offered by Heritage

Heritage will present The Collection of a Patriotic American, a complete collection of all 102 Friedberg numbers associated with Continental Currency and believed to be the finest collection ever assembled. It represents over a quarter of a century of dedicated research by one man with a passion for American history, collecting the finest examples that could be acquired. Perhaps even more importantly, the notes were selected for their eye appeal, and in the few instances where technical grade is lacking, the notes are likely finest looking, rather than finest known. The collection does include a large number of finest known examples as well as important counterfeits, the only known Raised Denomination Continental and rarely seen counterfeit detector sheets.

The collection also includes 71 additional related items, including the finest $20 marbled edge bill and the extremely rare marbled edge counterfeit detector; eight extra Fugio bills representing the different plate positions; 21 different contemporary counterfeits; nine sheets of Continental Currency, including a very rare sheet of Fugio bills; and nine counterfeit detector sheets. Among the 71 items are 23 pieces issued by cities and states payable in Continental Currency: four notes from Albany dated 1776 and 19 typeset certificates from Georgia dated June and September 1777.

The superb May 10, 1775 marbled edge bill is truly the highlight of the collection. Unique among Continental Currency in size and shape, it is the finest known specimen of the only Continental Currency bill printed on marbled paper procured by Benjamin Franklin. Complementing this bill is its extremely rare counterfeit detector, the finer of only two extant, the other held by Colonial Williamsburg’s museum. The full sheet of 24 Fugio bills of Franklin’s design, comprising six bills of each of the four denominations from $1/6 to $2/3, is the finest of three in existence. The overall quality of the collection is superb and contains numerous choice uncirculated and finest known specimens.

Continental Currency is inextricably linked with the history of the United States from its inception. J.W. Schuckers stated in his 1874 book A Brief Account of the Finances and Paper Money of the Revolutionary War, “In the modern mode of making war, money is not less essential than valour in the field or wisdom in the cabinet. The deepest purse decides the fate of nations as often as the longest sword.” Accordingly, the Continental Congress authorized the first issue of Continental Currency on May 10, 1775. The bills were to be redeemed via taxes levied on the individual thirteen colonies using a quota method. Congress authorized eleven different emissions, the last being January 14, 1779, resulting in the issuance of a total of $241,552,780 of Continental Currency with denominations ranging from $1/6 to $80. (more…)