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Continental currency was authorized on May 10, 1775 in a session of the Continental Congress and became the first federally issued paper money, predating the official birth of the United States by more than a full year. Continental currency is particularly historic because its issuance helped finance the American Revolution, which spanned from 1775 through 1783 and secured the United States as an independent nation. The notes were styled after Pennsylvania notes in use at that time and printed by Hall and Sellers in Philadelphia on thick rag paper with mica flakes and blue fibers manufactured by Ivy Mills in nearby Chester, Pennsylvania. The notes, which did not bear interest, were promises to pay the bearer and circulated alongside colonial paper currency issued by the individual colonies. While the notes promised payment to their bearers and were redeemed with the taxes collected by the individual colonies, the notes became virtually worthless after runaway inflation set in, causing many in the public to lose confidence in paper currency, giving rise to the phrase not worth a Continental. The dramatic devaluation of Continental currency did little to instill public confidence in paper currency, which the United States would not print again until the start of the Civil War in 1861.
Catalog Information
GSID:
65362
Variety:
Continental Congress
Coin Date:
Feb 17, 1776
Denomination:
$4
PCGS #:
CC26
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Subject: I would like to contribute catalog info to CDN for Feb 17, 1776 $4 Continental Congress (Fr. CC26)
Body: Referring page: http://www.greysheet.com/prices/item/continental-congress-february-17-1776-four-dollars-friedberg-cc26/gsid/65362 GSID: 65362 Title: Feb 17, 1776 $4 Continental Congress (Fr. CC26)
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Bank Note Value History
Feb 17, 1776 $4 Continental Congress (Fr. CC26)
Value By Grade
Feb 17, 1776 $4 Continental Congress (Fr. CC26)
CPG (retail) values
Currency
Grade Range
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Pricing
Values
Greensheet & CPG® Values
| Grade | CPG Value (Retail) | Greensheet Value (Wholesale) |
|---|---|---|
| MS66 | $12,000 | $1,234 |
| MS65 | $2,750 | $1,234 |
| MS64 | $1,234 | $1,234 |
| MS63 | $1,234 | $1,234 |
| MS62 | $1,234 | $1,234 |
| MS60 | $1,234 | $1,234 |
| AU58 | $1,234 | $1,234 |
| AU50 | $1,234 | $1,234 |
| XF45 | $1,234 | $1,234 |
| XF40 | $1,234 | $1,234 |
| VF35 | $1,234 | $1,234 |
| VF20 | $1,234 | $1,234 |
| F12 | $1,234 | $1,234 |
| VG8 | $1,234 | $1,234 |
Feb 17, 1776 $1/6 Continental Currency (Fr. CC19)
Worth: $125 – $14,000
Feb 17, 1776 $1/3 Continental Congress (Fr. CC20)
Worth: $125 – $10,000
Feb 17, 1776 $1/2 Continental Congress (Fr. CC21)
Worth: $125 – $12,000
Feb 17, 1776 $2/3 Continental Congress (Fr. CC22)
Worth: $100 – $12,000
Feb 17, 1776 $1 Continental Congress (Fr. CC23)
Worth: $65 – $12,000
Feb 17, 1776 $2 Continental Congress (Fr. CC24)
Worth: $55 – $7,500
Feb 17, 1776 $3 Continental Congress (Fr. CC25)
Worth: $65 – $5,000
Feb 17, 1776 $5 Continental Congress (Fr. CC27)
Worth: $50 – $4,500
Feb 17, 1776 $6 Continental Congress (Fr. CC28)
Worth: $50 – $2,200
Feb 17, 1776 $7 Continental Congress (Fr. CC29)
Worth: $50 – $4,000
Feb 17, 1776 $8 Continental Congress (Fr. CC30)
Worth: $50 – $3,500
Continental Currency February 17, 1776 $4 PMG Choice Very Fine 35. ...
$439
Continental Currency February 17, 1776 $4 PMG Very Fine 30. ...
$415
Continental Currency February 17, 1776 $4 PMG Very Fine 25. ...
$366
Continental Currency February 17, 1776 $4 PCGS Banknote Choice Fine 15. ...
$317
Continental Currency February 17, 1776 $4 PMG About Uncirculated 55 EPQ. ...
$1,159
Continental Currency February 17, 1776 $4 PMG Choice Uncirculated 64 EPQ. ...
$2,135
Continental Currency February 17, 1776 $4 PMG Choice Uncirculated 63....
$3,120
Continental Currency February 17, 1776 $4 PMG About Uncirculated 55....
$660
Continental Currency February 17, 1776 $4 PCGS Banknote Very Good 8 Details....
$149
Continental Currency February 17, 1776 $4 PCGS New 62PPQ....
$1,320
Continental Currency February 17, 1776 $4 PCGS Choice About New 58 Details....
$169
CC-26. Continental Currency. February 17, 1776. $4. PMG Gem Uncirculated 66 EPQ.
$10,200
Continental Currency February 17, 1776 $4 About New....
$384
Continental Currency February 17, 1776 $4 PMG Choice Extremely Fine 45. ...
$312
Continental Currency February 17, 1776 $4 PMG Gem Uncirculated 65 EPQ. ...
$1,920
CC-26 $4 February 17, 1776
$300
Continental Currency February 17, 1776 $4 PCGS About New 53. ...
$822
Continental Currency February 17, 1776 $4 PCGS Very Fine 20 Apparent. ...
$84
CC-26. Continental Currency. February 17, 1776. $4. PCGS Banknote Choice Very Fine 35.
$415
Continental Currency February 17, 1776 $4 PCGS Banknote Very Fine 30. ...
$439
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