The discussion today centers on the Colonials.
Thirteen Colonial Notes went through several stages of development in the Revolutionary history of the United States. Few coins were minted in the thirteen colonies so the Colonial governments issued Colonial Notes to facilitate economic activity. During the American Revolution, the colonies became independent states. Freed from British monetary regulations they issued Colonial Notes to pay for military expenses. The Continental Congress also issued Colonial Notes during the Revolution to fund the war effort.
Believe it or not, there was a great deal of deceit and counterfeit, even during the important first years of our nation. Therefore, many of the printed colonial notes were turned in and destroyed.
The next reason Colonial notes are scarce (did not survive) is because of moisture and simple wear and tear of use and age. Paper used for the printing of these Colonials was not of great quality and long term endurance was not possible. Additionally, large amounts of Colonial currency were tucked away in homes and banks and were thus destroyed during the San Francisco earthquake and the Chicago fire. If you find a high-grade Colonial note, please hang onto it. High grade colonial notes will continue to increase in scarcity and value!
The note above is a RARE PMG 53 EPQ About Uncirculated. This Maryland Colonial note holds incredible value in today's market but its value will most certainly grow and grow over the next decade.
THE most common way to start a colonial note collection is by finding and purchasing a note from each of the 13 original colonies.
Several years ago when I was at a major show I could find some nice pieces for sale on the floor. Now the only time I see an exceptional piece of Colonial currency is at an auction -- with a related premium price!
For more information about this and other collectable coins and currency, please visit our web site at http://www.treasuredstocks.com/or email jeff@treasuredstocks.com
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