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 Replies: 9 / Views: 1,616 |
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Pillar of the Community
United States
4691 Posts |
I've always been intrigued by these, and have a few of them. It seems incredible that these have survived over 200 years and yet many can be purchased for what seems to be cheap. I guess the problem is that there are so many different issues of them one probably needs to have a narrow focus to complete a "set".
What do you think?
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Pillar of the Community
United States
4897 Posts |
Quote:
What do you think? I think I want to see pics!  |
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Valued Member
United States
177 Posts |
I believe colonial notes are extremely common mainly because they were unredeemable. This made people have nothing else to do with them other than store them away and hope that they would be honoured some day and would be redeemable for specie (specifically Spanish dollars).
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Pillar of the Community
United States
3253 Posts |
Love 'em. If you couldn't already tell from my avatar...
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Pillar of the Community
 United States
4691 Posts |
Here's a 2 shilling from 1772 and a 55 dollar note from 1779. I would think 55 bucks would buy quite a lot back in 1779. Thank for looking.     |
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Pillar of the Community
United States
3253 Posts |
Quote:
I would think 55 bucks would buy quite a lot back in 1779. Not really. The devaluation of Continental Currency was rampant. This note was issued in 1779; in 1780, the Congress poposed a wishful-thinking exchange program for the bills, at a rate of 40 to 1. By 1781, one thousand Continental dollars would get you one Spanish milled dollar. |
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Pillar of the Community
United States
3253 Posts |
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Pillar of the Community
United States
4691 Posts |
Yes, but my statement was that I would think 55 dollars would be quite a bit of money in 1779. Not its worth thereafter.
Anyway, perhaps 55 dollars wasn't much of anything in 1779.
Perhaps further study is warranted.
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Pillar of the Community
United States
3253 Posts |
Nice notes, by the way!
Signers of the two shilling are John Mifflin, Joel Evans, and Adam Hubley. I think the signature I can see on the 55 dollar is William Coats.
Edited by philadelphian
07/05/2014 7:56 pm
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Valued Member
United States
153 Posts |
Wow, I've never seen anything like this!
Very cool. Thanks for sharing!
Regards, Trevor.
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Replies: 9 / Views: 1,616 |
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Posted 07/04/2014 12:52 pm
