The May 20, 1777 issue was the first series of Continental currency to use new boarder cuts reading “UNITED STATES” where previous issues read “UNITED COLONIES”. Due to extensive British counterfeiting, this entire issue was recalled by 1779. The extensive counterfeiting and recall of these bills resulted in the May 20, 1777 being one of the most scarce and sought after Continental issues today, especially for genuine bills like this. Although this is a low grade example, it presents an opportunity to own a note from this elusive issue at an affordable price with VF examples bringing over $1000.

Signers: James Claypoole, …