Continental Currency Fr#CC-85CT September 26, 1778 $50 PMG 20 *Contemporary Counterfeit*
The September 26, 1778 issue featured new $50 and $60 denominations. It also marks high inflation in colonial times due to $75,000,000 in bills authorized and the release of these higher denominations. This $50 note features an emblem of a stepped pyramid of 13 levels which represents the unity of the 13 colonies. This emblem is encircled by the latin motto “PERENNIS” (Everlasting). The reverse features a unique print of arrows. Extremely scarce contemporary counterfeit with only 38 graded by PMG. Additionally, this was a very well done example, likely produced by the British with the mission of sinking the American economy. Interestingly, this note is heavily circulated which implies that this counterfeit fooled many people as it was passed along. A historically significant note for any Continental collection. Previously a part of the extensive Dr. O’Shaughnessy Continental Collection.
Signers: Robert Roberts, …
The September 26, 1778 issue featured new $50 and $60 denominations. It also marks high inflation in colonial times due to $75,000,000 in bills authorized and the release of these higher denominations. This $50 note features an emblem of a stepped pyramid of 13 levels which represents the unity of the 13 colonies. This emblem is encircled by the latin motto “PERENNIS” (Everlasting). The reverse features a unique print of arrows. Extremely scarce contemporary counterfeit with only 38 graded by PMG. Additionally, this was a very well done example, likely produced by the British with the mission of sinking the American economy. Interestingly, this note is heavily circulated which implies that this counterfeit fooled many people as it was passed along. A historically significant note for any Continental collection. Previously a part of the extensive Dr. O’Shaughnessy Continental Collection.
Signers: Robert Roberts, …
The September 26, 1778 issue featured new $50 and $60 denominations. It also marks high inflation in colonial times due to $75,000,000 in bills authorized and the release of these higher denominations. This $50 note features an emblem of a stepped pyramid of 13 levels which represents the unity of the 13 colonies. This emblem is encircled by the latin motto “PERENNIS” (Everlasting). The reverse features a unique print of arrows. Extremely scarce contemporary counterfeit with only 38 graded by PMG. Additionally, this was a very well done example, likely produced by the British with the mission of sinking the American economy. Interestingly, this note is heavily circulated which implies that this counterfeit fooled many people as it was passed along. A historically significant note for any Continental collection. Previously a part of the extensive Dr. O’Shaughnessy Continental Collection.
Signers: Robert Roberts, …
Date: September 26, 1778
Denomination: $50
Friedberg #: CC-85CT
State: Continental
Certification: PMG
Grade: 20
Comments: “Pieces Missing”