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1778 20 Dollar Bill

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trinityaqk View Drop Down
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    Posted: 10 Jan 2007 at 8:28am
My mom just found a 1778 20 dollar bill in almost perfect condition...
Anyone know what it's worth?
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Starwarsfreak View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Starwarsfreak Quote  Post ReplyReply Direct Link To This Post Posted: 10 Jan 2007 at 10:00am
They had paper money back then?Confused

-Rob
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coldshot View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coldshot Quote  Post ReplyReply Direct Link To This Post Posted: 11 Jan 2007 at 2:12am
if it is in perfect condition it is pretty high in value. yes they had paper money then but many many replicas..... the only ones I have viewed were really worn with age. post a picture and I will tell ya whatcha got.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote laxmaster92 Quote  Post ReplyReply Direct Link To This Post Posted: 11 Jan 2007 at 9:28am
Probaly a replica. Only a picture could tell for sure. Where did she find it?
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trinityaqk View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote trinityaqk Quote  Post ReplyReply Direct Link To This Post Posted: 11 Jan 2007 at 11:28pm
Sorry I was out all day yesterday having the bill verified!!
It's Real!
 
Anyway I will post a picture when I get home...
 
-Eric.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote trinityaqk Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jan 2007 at 8:24am
Here are the pictures i just scanned them...
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Starwarsfreak Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jan 2007 at 9:45am
Cool!Big%20smile


-Rob
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Post Options Post Options   Thanks (0) Thanks(0)   Quote laxmaster92 Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jan 2007 at 9:52am
Wow! Did you get an estimate on the price?
 Where did your mother find something that old in that nice of shape?
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coldshot View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coldshot Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jan 2007 at 9:57am
ebay is ate up with them. look in colonial currency section if your happy with what they go for there...list em. I have seen them up to 250 to 300 and less. Just has to be viewed by the right collector. they are in fair shape though.

Edited by coldshot - 12 Jan 2007 at 9:58am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coldshot Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jan 2007 at 10:02am
The first settlers in Colonial America used wampum beads, beaver skins, and tobacco as means of exchange.
The shortage of "hard money" (coins) severely hindered the conduct of business. Few British coins reached the colonies, but shipmasters
did bring in foreign money. The most common coin in circulation was the Spanish milled dollar; its value varied from colony to colony.
- To overcome this handicap to business, the colonies began to issue paper currency. Many of the Colonial notes were issued in terms of
shillings, because even though most transactions were in Spanish dollars, the official account of exchange was
British units - pounds, shillings, and pence.
- Odd denominations of the currency were often printed because of the lack of small change. To lower costs, many bills were not printed
on the reverse side. Each bill was usually numbered and signed individually by hand to discourage counterfeiting.
- The Revolutionary War brought new money difficulties. The Continental Congress, powerless to impose taxes, was forced to print massive
amounts of currency to finance the war. This flood of paper money caused the Continental currency to rapidly depreciate;
by 1781, the paper was exchangeable for coin at a ratio of 225 to 1! ($225 in paper for a $1 coin).

     

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Post Options Post Options   Thanks (0) Thanks(0)   Quote trinityaqk Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jan 2007 at 10:03am
In an old book of my G-Maws!
 
Still even at that age their should not be many left... since they depreciated so bad people prolly just chunked them or wiped their butt with them or something... I am guessing even most of the ones on E-Bay are replicas.  Also the civil war was between now and then... I am still proud of the fact mine is in so good of an condition!!!  I wish their was a paper version of pcgs... So I can find price guides...  Also anyone know anything about the possible misprint of the new $10 bill...  via "Printed in 2006 with the year 2004 on the bill."


Edited by trinityaqk - 12 Jan 2007 at 10:31am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote coldshot Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jan 2007 at 1:09pm
the last year of this type of currency has the 13 links on the reverse also it is where the 13 chain links on the infamous fugio came from. nice note here is the info you will need to verify if it is real or fascimile.....Signers: John Graff, Jr. (in red ink), Jacob Masoner.

Size: 72 x 94mm (front border design: 69 x 90mm; back border design: 67 x 87mm).

Comments: Numbering and first signature in red ink; second signature in brown ink. The emblem on the front shows a strong wind creating waves, with the motto: "Vi concitatae" (It assults with a violent force). The nature print on the back is of buttercup. Paper contains blue threads and mica flakes.
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