- More
LOT #12019
|
Sold for: Sign-in
or Join (free & quick)
![Colonial Notes:Continental Congress Issues, Continental Currency Indent September 27 1785 $4 PMG Very Fine 25Net....]()
Continental Currency Indent September 27 1785 $4 PMG Very Fine 25 Net....
Click the image to load the highest resolution version.
Sold for:
Sign-in
or Join (free & quick)
Claim Item:
Share this lot
Description
Rare 1785 Continental Indent
Continental Currency Indent September 27 1785 $4 PMG Very Fine 25 Net. These indented bills were issue by the Continental Congress from 1782 through 1787. Early in the issuing period, the value depreciated by about 20%, but as the notes were accepted for taxes, the value quickly recovered. By 1782 Congress was unable to honor the large quantity of Continental notes that were in circulation, and their value fell to nearly nothing (not worth a continental sound familiar?). These notes were then issued to circulate, and were accepted in payment of taxes (which earlier Continentals were not). The authorized signers were John Hardy and Michael Hillegas...with almost almost all of the known examples signed by Hardy. His bold clear signature led early collectors to refer to these then mysterious rare notes as "Hardy Bills". Newman identifies the denominations as $1, $2, $4, $6, $8 and $25 but he speculates that other denominations were also issued. Notes are know only with issue dates of September 27, 1785 and October 11, 1787 but other dates were undoubtedly used. In the course of our 50 sales we have handled less than five of these ultra rare notes. A wonderful item that would complement any advanced collection of Continental Currency. It has been Net graded by PMG for "Ink Burn" which has weakened a few of the handwritten portions of the note, but the overall appearance is that of a far higher grade.From The Collection of a Louisiana Gentleman
View all of [The Collection of a Louisiana Gentleman ]
Shipping, Taxes, Terms and Bidding
Calculate Standard Domestic Shipping
Sales Tax information | Terms and Conditions
Bidding Guidelines and Bid Increments
Glossary of Terms
Auction Info
Auction Dates
September, 2008
17th-21st
Wednesday-Sunday
Bids + Registered Phone Bidders: 4
Lot Tracking Activity: N/A
Page Views: 848
Buyer's Premium per Lot:
15% of the successful bid (minimum $9) per lot.
Viewing at %
Please enter a value between % and 100% and press your "Enter" key. Close
Fit to screen
View Full Size
Brightness
Sold for:
Sign-in
or Join (free & quick)
Heritage membership
VIEW BENEFITS
- Past Auction Values (prices, photos, full descriptions, etc.)
- Bid online
- Free Collector newsletter
- Want List with instant e-mail notifications
- Reduced auction commissions when you resell your
winnings
Consign now
- Cash Advances
- More Bidders
- Trusted Experts
- Over 200,000 Satisfied Consignors Since 1976
Learn about consigning with us
Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.View More Testimonials
HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)
Video tutorial
Getting the most out of search
Recent auctions
2018 December 5 - 7 HKINF World Currency Signature Auction - Hong Kong
REALIZED SO FAR $1,817,823