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Continental Bank Note
1776
"Not worth a continental"
This 1776 note is typical of the paper money issued by the Continental Congress to pay for the costs of the American Revolution. Due to over-issue and lack of confidence in the government, the notes were soon nearly worthless-"not worth a continental." Eventually, Congress redeemed them at 1/100th of their original value in bonds, which did not mature until 1811.
Notes
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Issued, July 22, 1776 |
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Face value, $8 |
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Web display only |
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