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<p>[QUOTE="WingedLiberty, post: 980320, member: 26030"]That is gorgeous!!! Great pickup. I have a $5 note from 1776 note myself. I love the color on yours though!!! Can I ask you how much that sold for? (just curious) I think these old notes are undervalued in the marketplace.</p><p><br /></p><p>The leaf motif on the back was an anticounterfeiting measure inventing by Ben Franklin. </p><p><br /></p><p>It's funny but after these notes were produced they rapidly lost their legal tender value (since the continental congress didnt have money to actually back the currency with gold/silver as promised). In a few years after issue it took about $500 in currency to obtain $1 in silver coin ... </p><p><br /></p><p>Much later (sometime in the 1780s) congress passed a resolution that they would pay $1 in silver coin for every $100 in currency notes brought to them. Ahh the joys of fiat currency! Did the US learn it's lesson ... unfortunatly no.[/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 980320, member: 26030"]That is gorgeous!!! Great pickup. I have a $5 note from 1776 note myself. I love the color on yours though!!! Can I ask you how much that sold for? (just curious) I think these old notes are undervalued in the marketplace. The leaf motif on the back was an anticounterfeiting measure inventing by Ben Franklin. It's funny but after these notes were produced they rapidly lost their legal tender value (since the continental congress didnt have money to actually back the currency with gold/silver as promised). In a few years after issue it took about $500 in currency to obtain $1 in silver coin ... Much later (sometime in the 1780s) congress passed a resolution that they would pay $1 in silver coin for every $100 in currency notes brought to them. Ahh the joys of fiat currency! Did the US learn it's lesson ... unfortunatly no.[/QUOTE]
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New Continental Currency Note!
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