WEEK #273 READY OR NOT HISTORY SMARTIES!

[Moon]

QUESTION:

 

What was the main reason for issuing Continental Currency in 1775?

 

 

Good Luck!

 

Our first place winner will receive a coupon for 1 note graded under the Standard grading tier. (You must have an active account with PMG, call PMG for details) There will also be a runner up prize given to a randomly selected player with the correct answer.

 

 

REMINDER: The Numisma-Quest ends on Saturday at midnight EST. Entries after that time will not be valid. See the Trivia info post for more details.

 

When you post your answer, only the administrators can see it . Stop back this Monday. We will make all the posts visible and announce the winners.

 

[MunkyMan95]

"that a sum not exceeding 2,000,000 Spanish milled dollars be emitted by the Congress in bills of credit for the defence of the America,"

and that

 

"the twelve [[Articles of Confederation|] colonies [Georgia was not then represented] be pledged for the redemption of the bills of credit now directed to be emitted."

 

 

For the Defence of America

[Allan Ong]

payment for the "defense of america".

[bsshog40]

These were used to finance the revolutionary war. This was currency that was issued by Congress as bills of credit, was given to the Twelve Colonies. I think it was like giving them a credit card and payments were paid back to the Government in quarterly installments.

[Coinguy19]

To raise money for the Revolutionary War?

[BankNote1]

for the defence of the America,

[dan8402]

To finance the war for independence.

[Admiral Mike-migration]

The original reasoning for the creation and use of Continental Currency was to circumvent British laws forbidding the minting of coins by the Colonies.

[DC Dawg]

To raise money for the revolution effort and to encourage the colonies to fight the British using the symbology Benjamin Franklin printed on the notes.

 

Scott

[cpm9ball]

To pay the troops?

 

Chris

[hoard]

for the defense of the united states of america, then just 12 colonies.

[Moon]

QUESTION:

 

What was the main reason for issuing Continental Currency in 1775?

 

ANSWER:

 

To refinance the Revolutionary War

 

Congratulations to our 1st place winner MunkyMan95! You will receive a coupon for 1 free standard grading.

 

Congratulations to our runner up winner Hoard! You will be receiving a PMG Bank Bag and a sample.

 

Thanks for playing this weeks Numisma-Quest. Dont forget to stop by for this weeks NGC question