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Continental Congress. February 17, 1776 Resolution. One Sixth of a Dollar

From Stack's October 2006 Atlanta Auction on Oct 4, 2006

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Categories  •  Stack's October 2006 Atlanta The John J. Ford, Jr. Collection: Part 15 Colonial Paper Currency The Paper Currency of the Continental Congress February 17, 1776 Resolution
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Continental Congress. February 17, 1776 Resolution. One Sixth of a Dollar. Plate A. No.342127. Signed...Continental Congress. February 17, 1776 Resolution. One Sixth of a Dollar. Plate A. No.342127. Signed by S.[amuel] Massey. Printed on thinner coarse paper. Standard change bill size, approximately 65mm by 85mm. The classic ''Fugio'' motif. The face design with a sun dial and motto FUGIO, MIND YOUR BUSINESS. The face designs were influenced by Ben Franklin's philosophies. The back has thirteen intertwined chain links with AMERICAN CONGRESS encircling WE ARE ONE. The devices and border cuts by Elisha Gallaudet. This is always a popular theme and paper money type. The highest grade notes have seen steady price pressure for the past several years. Crisp Uncirculated. Uniform and moderate toning on both sides. Complete margins with only the bottom right being a bit close. Top back ink stacking smear and period penned gang of ''1'' counting marks at the bottom back.

Ex F.C.C. Boyd Estate.

These are the only change bills issued on the Continental series as inflation would soon mandate higher denominations in a scant four years. On this denomination, ''CURRENCEY'' is misspelled at the right end, as it is also ''misspelled'' on one rare Continental Dollar variety. Six hundred thousand notes were printed, but choice examples are always in demand. An essential type note for any American currency collection. Notes from this series and type were printed in panes of twelve notes (four denominations with three plate positions each, 'A', 'B', and 'C') on double sheets (see Ford Part VI Sale, October, 2004, lot 505 for the sole example of this sheet type in the Ford-Boyd Collection that realized $43,125.00!).

Lot # 8834 
Hammer Price: $1,000.00

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