Paper currency was first introduced in the United States during the American Revolutionary War in 1775, when the Continental Congress issued notes to help fund the war effort. These early notes were known as "Continental Currency." However, the first federally issued paper currency was the Demand Notes, which were issued in 1861 to help finance the Civil War.
Paper currency was first introduced in the United States during the Revolutionary War in 1775 when the Continental Congress issued the Continental Currency to help finance the war effort. However, the first official paper currency issued by the U.S. government was the Demand Notes in 1861, which were created to help fund the Civil War. The first widely circulated currency, known as Greenbacks, was also introduced during this period.
1862 was the first year the US government officially issued paper money. However various other agencies, banks, etc. issued paper bills as far back as the Revolution. The Continental Congress famously issued "Continental Currency" to pay for the war. It had no backing and rapidly became worthless, leading to the expression "not worth a Continental" which remained in common use for decades afterwards.
if it is a real one its worth about $90,000-100,000.but beware alot of fakes out there.also is it the coin or paper currency big difference.best bet is to go to a coin specialist.
U.S. paper currency isn't made of paper- it's actually a blend of cotton and linen.
Paper currency was first introduced in the United States during the American Revolutionary War in 1775, when the Continental Congress issued notes to help fund the war effort. These early notes were known as "Continental Currency." However, the first federally issued paper currency was the Demand Notes, which were issued in 1861 to help finance the Civil War.
"continental" paper money "continental" paper money
The Continental Cngress was unable to prevent deep depreciation of its paper currency.
In the 600's there were paper currency in China and by 960 the Song Dynasty issued the first currency notes. And metal coins was before the paper currency came into existence.
China used paper as currency in the world for the first time.
It created the first single paper currency. It created the first single paper currency.
The first paper currency in Europe was distributed by the Bank of Sweden in 1661.
that would be the Continental, made famous by the expression, " Not worth a Continental", after it became worthless.
Partly it was issued on paper with no real way to convert it to coin, partly it was easy to counterfeit.
china
1862 was the first year the US government officially issued paper money. However various other agencies, banks, etc. issued paper bills as far back as the Revolution. The Continental Congress famously issued "Continental Currency" to pay for the war. It had no backing and rapidly became worthless, leading to the expression "not worth a Continental" which remained in common use for decades afterwards.
Paper money is issued by the Federal Reserve.