What is 1776 bust dollar?

The 1776 bust dollar, also known as the Continental dollar, was a form of paper currency issued by the Continental Congress during the American Revolutionary War. It was intended to help fund the war effort and was backed by the promise of future tax revenues. The dollar featured a depiction of a bust of Liberty and was part of a larger effort to create a unified currency for the colonies. Due to rampant inflation and lack of backing, these notes quickly lost their value.