February 17, 1776 $1 Continental Currency PMG VF 30

February 17, 1776 $1 Continental Currency PMG VF 30

Bullion Exchanges is pleased to provide this February 17, 1776 $1 Continental Currency PMG VF 30 to our customers. Continental Currency notes are truly historic pieces that date back to Revolutionary America. This particular note was made with blue fiber paper and mica flakes with a face value of $1 Spanish milled dollar. Graded by PMG, this piece received a grading of VF 30. Own a special piece of US history with this February 17, 1776 $1 Continental Currency PMG VF 30 an excellent gift for any collector and history buff.

This specific note was authorized for use on February 17, 1776. The Continental Currency in the early colonial and the independent US marked the beginning of paper currency issued at the federal level. The paper was made by Ivy Mills in Chester County, PA but the note was printed by Hall and Sellers in Philadelphia. These notes ultimately became a failure, however, due to runaway inflation, AKA hyperinflation. The notes did not bear interest and were issued as a promise to the owner to fulfill the paper currency alongside the colonial paper issued by individual colonies. The Continental Currency failure delayed the transition to paper currency in the US until the start of the Civil War in 1861.

The obverse of this Continental Currency note displays a seal and a promise to fulfill a receipt of one Spanish-milled dollar or in gold or silver. The note also bears the signatures in red and brown ink. The seal’s design is of an acanthus plant with a large pot or basket weighing it down. However, the leaves of the plant grow around the pot. Above it lies the motto “Depressa resurgit”, which translates to “Having been pressed down, it rises up again”.

The reverse of the note bears a nature-print design of a ragweed leaf and two willow leaves.  Text printed on this side reads “PHILADELPHIA”, “Printed by Hall and Sellers”, the year, and the face value.

Product Features:

• Graded PMG VF 30
• Produced by the Colonial US Government
• Made with blue-fiber paper and mica flakes
• Face value of $1 Spanish milled dollar or the equivalent in gold and silver.
• Obverse: Displays the promise to fulfill the receipt of one Spanish-milled dollar or its equivalent amount in gold or silver. Two signatures appear here in red and brown ink. The seal features an acanthus plant growing despite the large pot weighing it down. Text: “THE UNITED COLONIES”, “Continental Currency”, “DEPRESSA RESURGIT”, acanthus plant seal, face value, serial number, and two signatures in red and brown ink.
• Reverse: Bears an intricate nature-themed border and nature-print illustration of a ragweed leaf and two willow leaves. Text: “ONE DOLLAR”, “PHILADELPHIA”, “Printed by Hall and Sellers”, and “1776”.

This February 17, 1776 $1 Continental Currency PMG VF 30 is a highly unique item that will diversify your portfolio and add significant historical value. For more US banknotes, you might want to check out this May 10, 1775 $30 Continental Currency PCGS 55 (About New) and 1923 $1 Silver Certificate Currency Note PMG UNC 62. After your purchase is confirmed, we will carefully package and ship your order to the address you provide us with. For any questions, please direct them to our expert customer service team during our business hours.